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since ‎29-03-2018
‎05-02-2019
gmichael
gmichael
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  • Latest Contributions by gmichael

Transfer with Mortgage to Continue on Title - NSW

by gmichael in Ask the PEXA Community
‎20-01-2019 09:51 AM
‎20-01-2019 09:51 AM
Hi all,   I have a transfer whereby the property is being transferred from husband and wife to the wife. The mortgagee has indicated that the current mortgage will continue and they will not be discharging same on settlement.   On a paper Transfer this would be done by noting at item (G) the encumbrance (mortgage) that is going to continue after the Transfer.   Is this able to be done on PEXA, if so how?     Thanks! ... View more

Re: Certificate of Title for a cash vendor

by gmichael in Ask the PEXA Community
‎30-04-2018 12:08 PM
‎30-04-2018 12:08 PM
Hi all,   I note on the LRS website it provides that the Certificate of Title is "should not be marked as cancelled or destroyed" and that it must be retained for seven years.   It then provides that for or more information about supporting evidence and document retention requirements for PEXA subscribers, see the Model Participation Rules.   In Schedule 3 of the Model Participation Rules however it provides that:   "the Certifier has: (a)   retrieved; and (b)   either securely destroyed or made invalid the (duplicate) certificate(s) of title for the folio(s)  of the Register listed in this Registry Instrument of Document."   Do we follow the Model Participation Rules or the LRS website?   Thanks,   Georgina ... View more
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