About BGoodwin

We have two Victorian matters where we hold first mortgage and there is a second mortgage. In both matters we wish to discharge the first mortgage. In the lodgement instructions we cannot direct the eCT control to the 2nd Mortgagee. We tried lodging a Nomination saying we don't want eCT control after the transaction, however we still need to complete issuing instructions (and the 2nd Mortgagee is not one of the choices). Are we missing something here? Baz.....    ... View more

What's a DOL? ... View more

I'll answer my own question then . Apparently you can extend or withdraw before a Priority Notice before the workspace settles or after the workspace is completed, but not whilst the documents are of a lodged but unregistered  status. We need to withdraw the Priority Notice to allow the documents to register.   I've ended up with workspaces in both NSW and VIC with the same issue. NSW Land Registry kindly waived their requisition on the documents and registered the dealings. @BusinesServices_LUV where not so helpful so we'll wait until the Priority Notice expires next month.   It seems to me that we need to able to create and lodge the withdrawal of a Priority Notice in the same workspace at any time. @GeorgePolus  perhaps you could have someone look into this.   Cheers, Baz..... ... View more

Just looking at this again. Does anyone know how to complete a withdrawal of a Victorian Priority Notice? The training material implies it's easy, but I can't work it out. I now have a file where we lodged the Vic Priority Notice for a simple refinance - it looks to be correct but Land Victoria say we need to withdraw it to allow the PEXA documents to register (or wait until it expires).   I can't create a Withdrawal (or any documents) in the original settled workspace, so I tried creating a new Workspace as an Applicant, however I can only create a Priority Notice and other documents, but a Withdrawal of Priority Notice is not amongst them.   Baz.....   ... View more

Hi Christine, According to Land Victoria's information: A recorded priority notice may be withdrawn at any time before it expires by lodging a withdrawal of priority notice. A withdrawal of priority notice must be lodged using an ELN e.g. PEXA and can only be withdrawn by the subscriber who lodged the priority notice. Only subscribers who are authorised to lodge electronically in an ELN can lodge a withdrawal of priority notice.   I would expect you could create a new workspace to do this, but you're saying you can't. Are you the subscriber that lodged the Priority Notice? Baz... ... View more

Hi Cam, just to let you know the CBA declined our Transfer of eCT Control. We'll ring them and find out who we need to explain the situation to.   Might be an idea to have a field as part of the eCT Transfer where you can add notes in relation to transfer, for the invited party's information. I don't think just the title reference cuts it.    Cheers, Baz... ... View more

Thanks Cam. We'll do that and see how we go. Cheers. ... View more

Hi Ryan, It is hidden away under Administration privileges, but probably for good reason. Took me ages to find it the first time. I do find it strange that they can be created from within workspaces, yet can't be edited only removed from the list. I would've thought only Subscriber Administrators should be able to create or remove the frequently used accounts. Baz.. p.s. something else I only just found out is if you delete an account (e.g. a double up) any line items created using that frequently used account are deleted as well. ... View more

Hi, We're still confused on the Discharge of a second Mortgage issue. We have two on the go today.   First matter is in Victoria. We're on first and CBA are on second. We are in the role of Mortgagee on Title. We're Discharging our Mortgage so that CBA becomes first Mortgagee.  CBA are currently unrepresented so we are the responsible subscriber and the eCT Control can only issue to us. Should we be inviting CBA to the workspace? p.s. we haven't been required to create/lodge a Nomination.   Second matter is in NSW. Westpac are on first and we are on second. Both are acting in the role of Mortgagee on Title. We're Discharging Westpac's Mortgage via a financial settlement so that we become first Mortgagee. The responsible subscriber is currently Westpac so they will need to complete the lodgement instructions. Is that correct and will CoRD issue to us? ... View more

Hi Julie, Thanks for the warning on the signing page "Please read this warning before signing". I've been asked to let you know  the "skip" button is no longer there because of the warning, which makes it hard for the boss to do his signing routine. Cheers, Baz... ... View more

Hi @Aoife  Just to be clear, could we have the full list of settlement slots and automatic reschedule times for all States (we transact in all States). I find the Service Charter confusing and I haven't been able to find the complete information elsewhere.  Cheers, Baz....   ... View more

Can't help you there CT. I used to work at Westpac and we had a computerised system to do that work Cheers. ... View more

Hi CT, Destination funds that don't involve your financial institution should be directed to the relevant BSB and Account number or BPay payment, not your source account. You might accept surplus settlement funds (i.e. more than the payout figure) but only upon your approval and the borrowers direction. The additional funds should be disbursed in terms of the borrowers authority, upon reconciliation of the source/clearing account. Cheers, Baz... ... View more

Hi Saysa, In relation to " Account number re-entry applies to all subscriber types (practitioners and financial institutions) and only for  Vendor’s Funds  (where manual entry of account number is required) ." Is there a reason this re-entry requirement doesn't apply to all manual account entries? As a Panel Solicitor we often manually add a "Third Party Beneficiary" destination line for surplus loan funds from a refinance. We double check the account details anyway, but I am curious. Regards, Baz... ... View more

Hi,  It doesn't look like this matter has been resolved. We also get the same warning for NSW matters e.g.   Verification Result Successful Verification Time 26/02/2019 07:25 AEST 0 Error(s)   1 Warning(s) The documents in this case do not match Priority Notice recorded on title The Priority Notice was lodged by us in the same work-space, and we know it's not a problem but we often have Solicitors contacting us thinking it will hold up settlement. Could we have the issue fixed please to avoid unnecessary conversations. Cheers, Baz ... View more

I may have found the answer to my earlier query, if it's the same deal as 2017. Thanks MatthewGillet   See the comments of Calendar: Releases, Planned Outages & Public Holidays   ... View more

I agree, and without a facility for unencumbered NSW paper titles to be converted to eCT's,  I wouldn't be disclosing the CAC without a Priority Notice having been lodged. T he sooner  all matters are settled in PEXA the better  ... View more

The Conveyancer would be breaking a whole raft of participation rules and probably end up in prison for fraud.   Not that this is scenario is likely to happen, but this is where Priority Notices come in. ... View more

Hi. Is not the CoRD an even more secure method of control of the title? I think it is. I'm not sure why the CAC would be disclosed to anyone not entitled to receive the Certificate of Title, although I imagine in the paper world the Purchaser might want to verify the Certificate of Title is legitimate before settling. I'm not quite sure what your concern is. Regards, Barry ... View more

Hi Aoife, I've checked with Qld Land Titles as to how lodgements related to settlements will happen between Christmas and the New Year. They advised: "PEXA may choose to allow settlements during the Christmas break, however the lodgement of dealings that relate to those settlements is not possible during the Christmas Closure.  If an ELNO attempts to lodge dealings during the Christmas Closure, they will be marked as Not Accepted by the Titles Registry.  How PEXA handles this within their own system can only be answered by PEXA." I wanted to know if the Qld lodgements would happen automatically on 2 January 2019? Regards, Baz... ... View more

We've had a couple of occasions as Incoming Mortgagee where the Priority Notice lodged in PEXA (which you would think is fairly foolproof) has been incorrect and held up registration of the documents. We would also like to "view" Priority Notices prepared by the Incoming Proprietor, along with Transmission Applications.   In fact the lodging party should be able to view all documents, as they would in the paper world.   Baz... ... View more

Will do Priscilla. Cheers. ... View more

I'm wondering why the colour doesn't update (even after using the refresh button)? I've got settling workspaces that are still showing red. Baz.... ... View more

Hi, We have a matter coming up on 11/10/18 which involves a Refinance in Victoria and a simultaneous Purchase in Queensland.   The purchasers Solicitors (Qld) are not registered for PEXA and have no intention of settling the purchase in PEXA.   I'm pretty sure that's not a acceptable reason to do a paper refinance in Victoria, and we don't see how we could effectively settle both within PEXA and outside of PEXA simultaneously.   Just seeking suggestions on how to handle this matter.   Barry...       ... View more