22-01-2021 04:36 PM
We have a matter where we need to change the tenancy from Joint Tenants to Tenants in Common and have a mortgagee on title.
We will then have 2 Transfers, one for each of the Tenants in Common as we will be transferring the property into their superfund for the sum of eg.$1 and payout the mortgage. There is also an incoming mortgagee. Can this be completed in pexa in one transaction and if so how?
1. Change of Tenancy from joint tenants to tenants in common and a mortgagee on title
2. Transfer from X (one of the tenant in common) to their super fund and payout the mortgage and receive the sum of eg $1 payout the mortgagee on title with the incoming mortgagee
3. Transfer from Y (the second tenant in common) to their super fund and payout the mortgage and receive the sum of eg.$1 payout the mortgagee on title with the incoming mortgagee
27-01-2021 10:58 AM
Hope you are well.
Unfortunately the scenario you are describing below cannot be currently be done in PEXA.
Please send an email to the teamNSW@pexa.com.au with the follow information so that a wavier letter can be created and sent to you as the matter will need to proceed in paper.
Certificate of Title Reference:
Workspace ID ( if available ):
Current tenancy on Certificate of title:
What will the new tenancy be:
What is the issue/error: