About Clara

Clara

Thanks, Emma, really appreciate it.

Clara

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

Clara

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

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

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

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

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.

Clara · ‎08-11-2018

We share your sentiments, all the other major banks are a lot easier to deal with.

Clara · ‎08-11-2018

Can I have the link as well, please?

Clara · ‎26-10-2018

What happens if a mistake is made in completing the "Order of Lodgement"?

Clara · ‎24-10-2018

Thanks Graziela for pointing that out. Actually my client has provided an authority for the bank to deposit surplus into their account. I just sent a conversation to the bank to reduce the source funds to balance with the actual amount required on settlement. Waiting for their response/action.

Clara · ‎24-10-2018

I represent the Incoming Proprietor and I have entered details of the amount required on settlement. Incoming Mortgagee uploaded source funds in excess of what is required. Do I need to do anything or will the source funds automatically align with the total payments and adjustments close to settlement date?

Clara · ‎22-10-2018

I totally agree, I do not understand why banks and other practitioners wait until the last few minutes before they sign off even if they know that they can already sign off. You are right I feel that they are playing gods while we sit and stare thinking may be the person signing forgot, or may be is having an extended lunch, or misplaced the digital certificate, a lot of things going through my mind.

Clara · ‎22-10-2018

I had the same situation and one consent was enough to create it successfully.

Clara · ‎11-10-2018

If they are linked together, what happens during and after settlement?

Clara · ‎09-10-2018

When is the best time to do the EDR process if stamp duty will be paid on settlement day?

Clara · ‎21-09-2018

Thanks Marty, I just sent a conversation to the MoT, not sure if they work on weekends. Hope they do it before 12:00 on Monday which is the settlement day. I wish these banks do not need to be reminded of their task.

Clara · ‎21-09-2018

Yesterday, my remaining task is to "Complete Lodgement Instructions" which I followed. However, this morning, I saw that there is an outstanding task for me to "Complete Lodgement Instructions" again. I clicked "Complete Lodgement Instructions" again and after I saved it, it was unsuccessful. Do I need to wait for the incoming Mortgagee to do something before I can "Complete Lodgement Instructions"?

Clara · ‎20-09-2018

In relation to this question, what if I am not sure of the exact amount to be deposited into the PEXA source account but wants my client to make the deposit early to beat the 3 day fund availability deadline, can I ask my client to deposit in excess of my estimate. What happens to the excess after settlement, what is the procedure for the return of the excess funds.

Clara · ‎21-08-2018

Yes you can accept the invitation prior to your clients signing a CAF as long as you do not sign any PEXA document prior to receiving the signed CAF.

Clara · ‎21-08-2018

Thanks, @DMc, I clicked on the pop up on the top right hand of my browser and was able to open the file. Lucky to have you all to help with these.

Clara · ‎21-08-2018

Just want to clarify your response, so is it enough to enter details for one of the two mortgages and both mortgages will be discharged?

Clara · ‎21-08-2018

Thanks Marian.

Clara · ‎21-08-2018

There is no need to do a manual final search for PEXA settlements.

Clara · ‎16-08-2018

The vendor's conveyancer has sent a settlement adjustment file but I am not able to open it. What may be the reason?

Clara · ‎08-08-2018

I agree, I cannot understand why banks have to wait 10 minutes before settlement before they sign and I could not even eat lunch properly as I have to nervously wait wondering if the matter will settle or not. Why do we have to send a conversation for them to act and do what they have to do and they do not even respond!?

Clara · ‎08-08-2018

I also need to know the answer to this question as I have the same problem and would not know what is the best thing to do.

Clara · ‎08-08-2018

I am following the responses to this thread, and I do not understand what "nomination" means. When does it happen and who can "nominate". I am trying to educate myself with the various steps in a PEXA settlement and have not encountered this situation with the few matters I have done so far. Please bear with my ignorance.

Clara · ‎31-07-2018

Are we still able to register them at the Land Titles Office because last time, we were advised by LTO to ask our client to go to the LTO to register these themselves or do it thru PEXA. Our clients did it themselves, as advised by LTO, because they did not want to pay additional professional fees if we register thru PEXA. But how do we create a workspace in this situation?

About Clara

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

Re: Why are ANZ not monitoring PEXA workspace?

Re: Qualifier Tool

Order of Lodgement of Documents

Re: Source funds in excess of funds needed on sett...

Source funds in excess of funds needed on settleme...

Re: Signing off for settlement

Re: Consent NSW

Re: Can a workspace have a property in Victoria an...

Stamp duty payment on settlement

Re: When can we "Complete Lodgement Instructions"

When can we "Complete Lodgement Instructions"

Re: Pexa source account

Re: Accepting an invitation

Re: i can't open files that are uploaded can you h...

Re: Discharge two mortgages on one document ?

Re: unable to open a file

Re: Final Search for Purchase Settlement

unable to open a file

Re: Bank Delays

Re: Stamp Duty

Re: Lodgement Instructions

Re: What to do with the documents from the vendor'...