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11-02-2020
10:37 AM
1 like
Does anyone know the process of rectifying a Titles Office requisition in PEXA? We lodged a Change of Name application but unfortunately used the wrong form. Our title alert shows the dealing has been stopped. I am currently waiting for the written requisition to come through but was advised by the TO verbally what the issue was. There is no option to edit or create new documents in the workspace we lodged from. I tried opening a new workspace but my nomination is unsuccessful with an error staying the title has unregistered dealings with require the Certificate of Title. It cannot be used for Nomination of ECT to LC. I thought maybe I now need to send in a paper form? Any help would be appreciated.
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24-01-2020
10:40 AM
I know that when using PEXA projects and representing the vendor, you upload a table in which one column contains details of the purchaser. I think that what happens is that instead of updating the details that the vendor has already put in, the purchaser's representative goes and creates a brand new incoming proprietor so there is a duplicate. You could try deleting the party you have created and then editing the unrepresented party to say you represent them or alternatively it will be necessary for the vendor to delete them. I hope this helps!
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24-01-2020
09:48 AM
Hi, Where a transaction involves financial settlement (for example a Transfer), the PEXA and lodgement fees are automatically added as a line item in the Financial Settlement Schedule. . Where the transaction doesn't involve financial settlement (for example a Caveat), the PEXA fee is debited from your nominated account. You would need to make an allowance in favour of your client in your adjustments for this amount.
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20-09-2019
10:48 AM
What does the below statement mean? Please ensure that the NOA correctly reflects the number of properties in the Contract of Sale or Agreement. To consolidate multiple addresses on the Land Titles screen, please click below: We are preparing a notice of acquisition where there are two titles - one to the main property and one for the carpark. The notice of acquisition prepares them as separate properties where you have to put a consideration in for each of them when it is just one whole consideration. I tried the consolidation button to see what happens but nothing seemed to happen?
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30-07-2019
03:19 PM
Thank you! In the end, the purchaser's rep had to change the figure so that the bank would increase the funds available. I spoke to our PEXA rep who will be providing feedback to the bank :)
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30-07-2019
02:46 PM
I act for a vendor and currently have a settlement where the incoming mortgagee has reduced the source funds because the total funds required to settle' does not include the deposit. It appears this feature is not particularly clear about whether it should or should not include the deposit. At the end of the day I don't really care so long as the correct amount is provided and everything balances, but having the purchasr's rep and the bank locked in an argument about who is right has delayed settlement 2+ hours.
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01-03-2018
02:42 PM
Hi TJ - yes as the new format documents allow for dating prior to the settlement date.
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28-02-2018
03:37 PM
This advice is contradictory to that of the Land Titles Office (see latest bulletins)
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