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2 weeks ago
1 like
Good morning,
We have a number of WA outstanding matters where the Paper title has not issued back to us as Subscriber as requested on the Lodgement Instructions. Our client mortgagee requires a paper title.
These matters are outstanding from August/September/October. Is this delay normal, or has there been a change in WA that no longer will issue paper titles to mortgagees.
Thank you in anticipation.
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09-11-2018
10:55 AM
Is it possible to change time only for a settlement, or do we just let it roll over ?
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29-10-2018
08:22 AM
Hi George, I am transferring from an Executor on Title to themselves in their own right. I am having difficulty in getting the Transfer to Prepared. I have created a second party, being the incoming transferee and therefore have 2 roles. Is this correct, or do I not need to have the second role.
Thank you.
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26-10-2018
10:33 AM
Hi George, further to below chain, I act for an Executor who is the sole beneficiary, so about to complete two workspace activities:
(1) Transmission and then
(2). Transfer to Beneficiary (subject to completing DOL form as additional requirement in PEXA as below).
Any further updates on this being streamlined?
Thank you in anticipation
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25-10-2018
11:59 AM
Hi Saysa,
I am currently effecting a Transfer by Third Party in the capacity of panel lawyer for Mortgagee Bank in possession.
It would be beneficial if the Help Card above is amended, as I have discovered that as my Role is Mortgagee on Title, I cannot create the transfer document. The Support Team have confirmed that the Incoming Proprietor is the only party that can create the transfer document.
That amendment will save a lot of time for subsequent users of the Quick Reference Guide.
My question is however, the tasks include a "Create discharge of Mortgage", and this document was not required in the paper world, as upon lodgement of a T3 by the mortgagee in possession, the mortgage discharged automatically.
Could you please advise? Thank you in anticipation
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23-10-2018
04:20 PM
1 like
Hi all,
Just discovered that when acting for a Mortgagee in Possession, the incoming proprietor is the only party that can create the "Transfer by Third Party". You should note that amendment on the Help Sheet Version 2, May 2018. If you try to create a transfer as Mortgagee on Title, this document is not available to you in the drop down menu in any event.
Happy Pexa- ing
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19-10-2018
07:50 AM
Thank you George.
Thought you might like to know the result. I followed option 1 and attended at the Land Titles Office.
I lodged a paper s32 requesting a change in manner of holding to tenants in common in equal shares, however the counterstaff advised that the new titles would issue as EcT's without the option to request paper titles.
I am not sure why, but that is what I was told at counter staff level.
Therefore once the s32 was examined overnight and new child titles allocated, I had to lodge a paper nomination requesting conversion of EcT's to paper titles to issue back by post.
Phew, nearly there, expect the two new titles in the post hopefully in the next few days.
Look forward to when this process is improved with in 2019!
Thanks for your help
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19-10-2018
07:39 AM
Hi,
I am representing a Mortgagee on Title however, I could not see the "Transfer by Third Party" option in the drop down menu for Create Document. This morning, the incoming proprietor representative has created a transfer and NOA, and now I can't even get access to the document.
I have followed the Transfer by Third Party (Vic) help card Version 2.
What am I missing?
Thank you.
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11-10-2018
02:58 PM
I know that I can change manner of holdings from joint proprietorship (Siblings) to tenants in common in equal shares, BUT, can I have 2 interest titles issue in the Pexa Workspace. Or, do I need to do in paper transaction.
Thank you.
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08-10-2018
01:10 PM
1 like
This is not satisfactory. I have a settlement failed today at 12 noon and 1.00pm because ANZ have not signed lodgement instructions. We have sent conversations, but they have not been read. We have tried the ANZ booking line but hold time has passed 30 minutes. Our client (vendor) and incoming purchaser are being held accountable to our clients, and we can't give them an explanation.
A very unsatisfactory experience without any reason.
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17-07-2018
10:27 AM
Hi Catherine,
I too will be keen for this process to formalised.
Currently funds are transferred as adjustments under the PEXA process, and as the NOA is a document on the same platform, it would be wonderful if the document could be emailed to the Council, Water and OC (if applicable). Currently we can insert the agents details so that an automated email issues on settlement, perhaps a similar process with an attached NOA can occur in the future.
We find it frustrating to have to send of a letter with the NOA to the rating authorities outside the PEXA platform settlement.
Look forward to hearing PEXA updates in the coming months.
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26-06-2018
04:48 PM
A new difficulty has arisen with a NAB matter, outside the checklist.
Our client's banker is requesting a copy of the proposed transfer of land before progressing the file. We have informed her , and so has our client, that the NAB has accepted our PEXA invitation, and can view the documentation in the workspace. We can't print one off, but believe we shouldn't have to, as the vendor's representative have not yet updated the future address for their client - because they don't have it yet.
The "Consumer Solutions" officer of the bank informs us that "I have checked with other officers, and we still need a copy of the draft transfer to proceed".
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25-06-2018
09:52 AM
Good morning, the short answer is Yes.
Although the funds are transferred as part of settlement, you will still need to print out a Notice of Acquisition from the Documents and attach it to a letter to the Rate Offices of Council and Water authorities, and if applicable, Owners Corporation Managers.
To save on printing and postage/DX I have found that most councils and the water authorities accept this correspondence and NOA by email.
I have started a "list" of email addresses for the appropriate authorities.
However, we are all, I am sure, waiting for an update to the process where the NOA can be send directly through the Pexa platform, either in the Notification section (with the linked NOA) or by some other internal process.
Kind regards,
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15-06-2018
09:23 AM
I have read through all documents, and cannot locate what is required to be "fixed".
Please help!
There are data discrepancies between the PEXA transaction and the digital duties form which require your attention:
Duties form property details do not match PEXA transaction for xxx
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21-05-2018
07:50 AM
1 like
I agree ! It is most frustrating to have to still initiate a letter to council and water (and owners corp if applicable) sending the NOA, when it is a form available on the workspace for the land tax department at SRO.
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18-05-2018
07:55 AM
This sort of information is invaluable. Specific practical requirements from Lenders, that relate to the actual process.
Should be more of it !
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18-05-2018
07:50 AM
Thank you,
Yes, I eventually worked out that was the only process to achieve the result.
The interesting point, which I have now added to my list, is that you MUST have the transaction as a "Financial Settlement", as otherwise you cannot change the role in the Workplace Settings to add an Incoming Mortgagee. The "accept" button remains greyed out otherwise. I only discovered this after trial and error, but now I know.
It was a non financial settlement, but considered financial because of the Lodgement fees. (PS our firm's service fees are debited automatically from our general account)
Cheers
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15-05-2018
11:58 AM
Good morning,
We act for an existing mortgagee on title.
I have prepared a discharge of mortgage and nominated the paper CT to the workspace.
I also want to lodge a new mortgage by the same mortgagee. I have tried to change the role in the workspace settings, but it will not allow me to do so.
Do I have to invite our firm into the workspace as an Incoming Mortgagee, or do I have to schedule a settlement?
There is no financial settlement involved
I cannot find a scenario on the community site and would appreciate assistance.
This will be a transaction type that we will be using for one of our lender clients in the future.
Regards,
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10-05-2018
09:58 AM
1 like
Good morning,
I have just tried to lodge a purchaser caveat in an existing workspace when I represent the purchaser. It appears that this is not the correct procedure, as I cannot sign and lodge that document, even if I make it first in the list of documents.
I have changed the role in the existing workspace, but this still doesn't help.
If I start a New Workspace, it links me back to the existing Financial Settlement Purchaser workspace.
What is your experience/use in this process. Please help.
Thanks
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02-05-2018
12:32 PM
2 Likes
Thanks Paul,
The high volume of information is becoming a little overwhelming, and I just wanted to reign it in a little and compile a "cheat sheet".
Onwards and upwards ....
Cheers,
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02-05-2018
09:40 AM
1 like
Good morning,
Is there an area (or document) on the Platform that sets out clearly all transactions that
(a) MUST (mandatory); and
(b) CANNOT YET
be actioned on the PEXA Platform for VICTORIA.
I recognise that the updates include new additions to the original master list but it would be an invaluable tool, now that most are up and running.
When I am training staff members I currently use a compilation of past updates.
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27-04-2018
04:08 PM
Thanks for your post, but in my matter, the deceased is the mortgagee, an individual.
Sorry for the confusion in my question.
We act for the registered proprietor, and her mother, the deceased who was the mortgagee on her daughter's property.
I would normally complete an APR with the mortgage number, so that the deceased mortgagee becomes the executor under the Will.
In Pexa, I can only create a workspace as an incoming proprietor, when the proprietor is the deceased party.
In this situation I would need to create a workspace as an incoming mortgagee, but the platform does not recognize that the mortgagee may be a deceased individual.
I will try to reach my trainer to clarify.
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27-04-2018
03:42 PM
Does Pexa support a Transmission Application for Mortagee?. I have always done these APR's in paper format, but cannot find any guidelines on Pexa. The only information seems to be in the role of Incoming Proprietor, not, as can be done in paper as Incoming Mortgagee in capacity as Executor.
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12-04-2018
07:58 AM
1 like
Thank you Thanh, that was what I was afraid of.
We have two independent executor siblings who will not agree on anything! I will need to co-ordinate with the other lawyer subscriber and try to resolve how to move forward. I image in these days of mixed families, this is something that should be considered for a future enhancement, as otherwise we cannot proceed to APR given the mandatory requirements for PEXA standalone transmissions.
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10-04-2018
11:07 AM
Good morning,
Does PEXA support a Transmission Application when there are two executors (estranged), each seperately represented.
We would like to lodge a Transmission application and act for one executor. Another subscriber acts for the second executor.
Thank you.
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21-03-2018
10:34 AM
Good morning,
Can you please advise if there is any update regarding the acceptance of Transmission application by trustee of bankrupt on Pexa in Victoria.
Thank you.
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20-03-2018
08:08 AM
1 like
Thank you Thanha,
That is exactly the clarification that I was seeking in relation to any agreement between the SRO and LUV as to the Notice of Acquisition.
Good to know it has been considered, and an industry standard agreed to.
I also understand that the NOA must still be sent to the water, council and (if applicable) owners corporation management and have been doing so.
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