About Clara

Clara · ‎27-02-2020

Just wondering why some banks give us a cut off time to sign off when in fact they delay signing off until the last hour of settlement. Is this right? We have a settlement at 12:00 noon and this bank wants everything ready by 10am otherwise they cannot guarantee that an officer will be available to sign off after this time.

Clara · ‎26-02-2020

We act for a purchaser on a matter that has been re-booked for the 15th time as Mortgagee on Title (NAB) has been "working on the matter which involves a partial discharge". My question: Is it normal for a bank to work on the file for almost one month on a partial discharge? What should we do to get them ready esp if the vendor's conveyancer does not respond to conversation and emails.

Clara · ‎05-02-2020

Hi all It is February 2019, in NSW, are we now able to lodge a notice of Death in PEXA?

Clara · ‎02-09-2019

What else can we do if the vendor's representative does not respond to conversations and email request if they agree to our adjustments. We need their response so we can provide the funds required to settle. It is very frustrating as we also need to advise our client of the amount for the shortfall so they can make a deposit to their account.

Clara · ‎26-08-2019

Just to give you an update, this will have to settle on paper instead as the middle name "111" could not settle in PEXA. I still believe that problems may arise on registration but since the bank insists on using this name in all the document, we need to adhere for the sake of our clients.

Clara · ‎23-08-2019

I need help!! We have a settlement at 12:00 pm today and until now we are still waiting for the bank to sign off because of the issue on the name of the purchasers. Name has 111 as middle name. PEXA shows it is an invalid name so we made it III which is actually the correct one, and all documents were accepted by LRS. However bank won't sign off in spite of sending Stat Dec of one and the same person and copies of names with III not 111. Client is still hoping that it will settle because he has already notified his landlord and have arranged for a removalist. Who else can help. Bank asks us to ring PEXA Support and the team agrees that problem has been resolved with regards to the name by putting III instead of 111. Bank suggested client to legally change his name first before they can re-do mortgage documents. This will take days and client will be paying penalty interest.

Clara · ‎02-08-2019

I am still confused about this task. When can you confidently confirm that this has been done? Whenever I see this task (whether I am acting for the vendor or the purchaser), I try to complete this and once done, this task does not go away. Who is supposed to do this, the vendor or the purchaser? Do i just ignore this task once I have acted on it?

Clara · ‎01-08-2019

Yes, we are now in the same situation. We opened a workspace and invited the Mortgagee in Title's solicitors but had to eventually withdraw from the workspace when everything became complicated because of the conflicting advice so we all agreed to settle outside of PEXA. We paid all fees through bank transfer but until now (after more than one week from payment of fees), the Discharge has not been lodged nor registered.

Clara · ‎30-05-2019

Our firm does the adjustment sheet through LEAP Conveyancer, then enter the details of the water usage. We call it "additional charge" and not "water usage".

Clara · ‎24-05-2019

Is there anything we can resolve this problematic situation? We are supposed to have a more relaxing environment in PEXA.

Clara · ‎21-05-2019

Are we able to settle through PEXA if the 10% deposit for a purchase was paid through a deposit bond? Is there a different procedure or just the same as when deposit was paid in cash?

Clara · ‎03-05-2019

Dear DMc PEXA hotline confirms that once funds are deposited into the PEXA account, we will just wait until settlement happens (earlier or later) and no need to request for a refund as funds will still be used to complete the transactions. I made sure that the amount deposited is slightly more than what is required and a destination line item in favour of the client will be created for the surplus.

Clara · ‎02-05-2019

If deposit has already been made to the PEXA account and settlement date changes, what hapoens to the deposit. Do we leave the deposit until settlement

Clara · ‎10-04-2019

I found out that you need to create a work space first before going to LRS for a production receipt. In this case, you need to do an "Information re-supply" via the action cog in the Land Titles tab, then check PR details are updated under the CT details.

Clara · ‎01-04-2019

Based on my experience, I was acting for the POT for a 3:00 pm settlement and the OM waited until 4:30pm to enter the vendor's funds, which I could have done if I was allowed to do since I knew the exact figures to balance. Countless conversations were unanswered until I totally gave up. The time spent on checking whether they have entered the figures ate up all my time for my other matters. Is there any other way to oblige these banks to adhere to the time limit? Or we, as practitioners, just have to accept and wait for their mercy?

Clara · ‎20-03-2019

Yes you can, I am doing one right now. It is called "Transfer by Direction" or "Directed Transfer". There is a good tutorial found in the Community.

Clara · ‎12-03-2019

Hi Fiona Thanks for your response, so the procedure is practically the same minus the form.

Clara · ‎11-03-2019

I understand from the previous comment that we should call OSR if we get an error during stamp duty verification. I do not have a current issue at the moment but I want to know what happens after you ring/email the OSR (for those who already did) if we don't need an Error Resolution Form. I have a few unregistered matters that have been previously stamped but will need to be verified soon.

Clara · ‎01-03-2019

ME TOO, PLEASE?

Clara · ‎30-01-2019

Hi Bianca I was reading your response stating that council, water, etc (third party beneficiaries) can be entered by either the vendor or purchaser representative. However, if I am acting for the purchaser I will not be able to enter a vendor's destination (council rate payable) as there is no "Add" option for me. So I will have to wait for the vendor representative to enter the destination line item and send a conversation in case I do not agree to their entry so they can amend. Is this correct?

Clara · ‎22-01-2019

Thanks Sharon for helping many conveyancers and legal practitioners, you are a great teacher!!

Clara · ‎12-12-2018

Thanks, Helen, that would reduce our task of completing and scanning the form with attachments.

Clara · ‎11-12-2018

Thanks, Emma, really appreciate it.

Clara · ‎11-12-2018

Can I please have an answer to my post, I need to know before the Christmas break, thanks.

Clara · ‎07-12-2018

We act for the vendor who has a CT issued in 1998 and therefore no CAC Number. If the purchaser does not wish to settle through PEXA, do we still need to obtain a E-Production Number from the LRS tp create the Cord Holder Consent or can we just hand the paper title to the purchaser on settlement?

Clara · ‎03-12-2018

Hi Karen Correct, but once you enter the OSR reference, verification will be unsuccessful and you will get an error, so you will need to complete an Error Resolution Form and email it to OSR so they can update the lot and plan number details. The OSR will email you once they have acted on your request. You can then verify stamp duty successfully.

Clara · ‎26-11-2018

Hello George, Just a clarification, do we still continue sending Error Resolution Form to the SRO in case Stamp Duty Verification is unsuccessful until this issue is resolved? Thaks Clara

Clara · ‎14-11-2018

Thank you, Ames. The situation is that I needed to remove the settlement date and time because vendor advised that the actual settlement will only happen once the vendor has provided an occupation certificate. I am unable to remove the settlement date and time unless I remove the Transfer. Once I removed the Transfer, the stamp duty verification was also cancelled as a result of the removal of the Transfer.

Clara · ‎13-11-2018

If settlement does not happen on the scheduled date and time and no new date and time has been created because of the delay on the part of the vendor, what happens to the already verified stamp duty and the documents that have already been prepared in the Workspace?

Clara · ‎09-11-2018

Thanks Marian, really appreciate it.

About Clara

Deadline to sign off

Bank's inaction

Re: Can we complete a Notice of Death in PEXA?

NOT RESPONDING TO CONVERSATIONS

Re: update

Who else can help?

"Complete Transfer Document" task

Re: Discharge of Mortgage

Re: Settlement statement - Water usage (NSW)

Re: Panel Solicitors & Payouts

Deposit bond

Re: PEXA Source Fund

PEXA Source Fund

Re: Production of Certificate of Title

Re: PAYOUT not entered less then hour before settl...

Re: Can we settle matter with head transfer on PEX...

Re: Error message when completing NSW Stamp duty v...

Re: Error message when completing NSW Stamp duty v...

Re: contact lists

Re: Council, water, strata levy - how are they sen...

Re: Western Sydney firms end the year with PEXA ce...

Re: off the plan purchases - stamping

Re: CAC

Re: CAC

CAC

Re: New Subdivision - Transfer

Re: off the plan purchases - stamping

Re: Effect of a cancelled settlement date

Effect of a cancelled settlement date

Re: Qualifier Tool