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Registering a NSW Discharge of Mortgage

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  • Registering a NSW Discharge of Mortgage

Registering a NSW Discharge of Mortgage

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AmyRSS
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on ‎03-07-2018 01:58 PM

on ‎03-07-2018 01:58 PM

Registering a NSW Discharge of Mortgage

I recently settled a sale of one property for a client, which sale paid out their mortgage secured by another property as well. 

 

I received the Certificate of Title and a paper Discharge of Mortgage dated 13 June 2018.

 

I presume I now need to organise the registration of the Discharge of Mortgage via PEXA - is this correct?  If so, how do I create a Workspace for this?

 

Thanks

Amy

Category:
  • Lodgement
  • NSW
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TheDoctor
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on ‎04-07-2018 03:04 PM

on ‎04-07-2018 03:04 PM

Re: Registering a NSW Discharge of Mortgage

Hi @AmyRSS

 

If the discharging mortgagee is an FI they must lodge the discharge themselves via PEXA. Only they can do this, you cannot do this for them.

You will need to contact them and arrange for them to action the discharge. They will probably want the title and discharge back before they will do it.

 

If the discharging mortgagee is for a private mortgage, you should be able to obtain authority to act for them, then you can create the workspace.

I don't know how you go about getting the authority though.

Hopefully PEXA give a response in that regard.

 

Thanks
Brett

Any opinions are that of TheDoctor and not necessarily that of Westpac.
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