Paper settlement

[AlisonFernandes]

Hi 

Looking for assistance with paper settlements

We have a title where the vendor does not match the registered proprietor and have been advised to settle in paper.

Anyone else done a paper settlement - how does it work ? For instance, will the mortgagee on title will need to provide me with a paper discharge prior to settlement and then be invited into the GRD workspace as 'to deal with an interest'

Any suggestions ?

Thank you

[Thanh]

Hi @AlisonFernandes 

For submitting a Paper transaction in the state of VIC, you must open the workspace using only ONE of two titles:

12207/425 must be used for any instrument type that can be lodged electronically using SPEAR including plans of subdivision, other plans under the Subdivision Act 1988 and other applications that involve a plan of survey. For more eligible instrument types, please refer to their website (https://www.spear.land.vic.gov.au/spear/pages/about/what-is-spear/spear-dealing-types.shtml).

12198/325 must be used for all other instrument types.

For more information regarding submitting your paper dealings on PEXA, please refer to our link below: 
https://community.pexa.com.au/t5/Victoria/Land-Use-Victoria-Guide-to-submitting-a-paper-transaction-...

In this instance where the name of the Vendor is different to the Registered Proprietors a Name Justification may be completed and will not have to be lodged as a paper transaction. Can you please contact our Support Team for a better understanding of the workspace and confirm whether your transaction will need to be lodged a paper.

PEXA Support Team 1300 084 515 or email: support@pexa.com.au