Morning Michelle, I understand that AD's will be added in the PEXA update late in 2018 (maybe November)? We will then be able to do AD / TA / T which should bring most of our "normal" files into scope. :-)
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This is a really good topic @SoniaJ From a Conveyancers perspective we get a transaction where the Bank has previously provided our client with the Paper Discharge (as per the 3 scenarios you have provided). In some cases 20 years or more prior. The client now wants to register that discharge because of some pending dealing that may be coming up (i.e. Land Division / Sale etc). While we can currently lodge these in Series in SA with another document to achieve registration that will not last forever and there are times we would want to effect the Discharge earlier. Asking clients to again initiate the Discharge process with their Lender (which is a process they dont understand) when they have already previously paid for it and have the hard copy documents is confusing. I assume it is too hard for the lenders / government to educate the public on their need to Register documents they may be holding so this will continue to be an issue for the coming years. It would be great to have an agreement between Conveyancers and ADI's on the quickest ways to deal with these old documents? The Conveyancer will normally be engaged by the Mutual Client to have this resolved. I dont think it is efficient to tell the client to contact their local branch and hopefully they can help. Surely there is a way a Conveyancer can initiate the process on PEXA (potentially upload a copy of the hard copy Discharge)?
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We haven't, but interested to see how it resolves. @jgusewwrote: Has anyone else had a case of ready, ready - settlement fails? PEXA are onto it and I am sure it will be sorted but, curious - are we the first to have experienced this or not?
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