on 19-07-2018 12:45 PM
I've a standalone discharge of mortgage with paper CT. Do I need to use PEXA to settle or can I do it in the 'normal' paper manner?
on 19-07-2018 02:52 PM
on 19-07-2018 03:20 PM
Thanks for answering.
I've to Discharge the Mortgage on a Title with money provided by the Client that is all.
on 11-03-2019 09:09 AM
Hi, just wondering how your discharge of mortgage went through PEXA. I have one currently where the loan was paid out long ago, so there is no financial transaction, only the lodging of the discharge of mortgage. I started in PEXA, invited the bank (CBA), they accepted, then nothing happened. A week or so later I conversationed them to see what was happening, and they asked me to put a settlement date in. I replied that there was no settlement date as there is no money involved (client's account on the DA for bank to access rego fee etc). Another week later, no reply. I'm starting to think maybe PEXA is not the way to go??
a month ago
As far as I know, they deal with cases of those who have debts to the bank. I used their services, but here's the thing. The client was applying for a mortgage. After N years, he paid it off, but he submitted the documents to the bank on time, as he is supposed to. His credit history is good, but he had one overdue debt. The company that handled the case, in spite of paying off the mortgage, imposed a penalty on that debt. It was explained by the fact that the person has to pay interest for the time of delay. It is better not to mess with them. My client took a loan elsewhere. There are no such tricks with interest there. Everything is processed without any hidden operations.