About cstewart
turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
yesterday
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
... View more
yesterday
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.
... View more
a week ago
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.
... View more
2 weeks ago
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.
... View more
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.
... View more
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".
... View more
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,
... View more
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
... View more
Category:
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.
... View more
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 !
... View more
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
... View more
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,
... View more
10-05-2018
09:58 AM
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
... View more
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,
... View more
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.
... View more
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.
... View more
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.
... View more
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.
... View more
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.
... View more
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.
... View more
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.
... View more
16-03-2018
08:47 AM
1 like
I am also interested in a response to this question.
Usually the SRO is notified when we lodge the NOA at Land Use Victoria. I understand that we now need to prepare a smart form NOA, and send it to council and water authority, but what is the delivery process for the SRO. The Land Titles Office has always accepted these when lodging a dealing.... what discussion has been had with LTO about this. Do we post directly to SRO ?
... View more
22-02-2018
02:51 PM
1 like
In the absence of any response from the Community, I spoke with Land Use Victoria.
As we held the paper title and paper discharge, Land Use Victoria will accept both documents as an over the counter lodgement, discharge the mortgage for a paper based registration fee, and issue an unencumbered paper title back to the lodging party. The paper discharge was prepared in 2011 and handed to our client so it is valid, just not in the registerable formal required for post 31 December 2017 documentation.
It seems that there will still be a lot of these type of dealings, yet to be located in deed storage, client safe custody etc. and Land Use Victoria will honor them.
There was no need for NAB to nominate in this circumstance, as they had clearly discharged the mortgage and had no ownership right for the EcT that was converted in the bulk conversions.
... View more
22-02-2018
09:13 AM
THIS MATTER IS NOW RESOLVED
Good morning,
I have a client who has attended with a paper title and paper discharge of mortgage (dated 18/2/2011) from NAB.
As expected, a title search confirms the NAB title was converted to ECT under the bulk conversion regime, and NAB retains control.
The client no longer has any relationship with NAB.
Is there a process for these circumstances on the PEXA Platform, to have NAB discharge the mortgage and issue paper title back to our control?
I am sure that there are more circumstances like this out there, where proprietors have just not lodged the discharge
... View more
23-11-2017
03:06 PM
Is it possible to lodge a caveat by Trustee only as to one of two registered proprietors. We can do so in Victoria, even if joint proprietors, but in Pexa that option is greyed out. It only allows registration over "all registered proprietors".
... View more
02-11-2017
04:28 PM
Hi Brett, We lodged a paper Caveat over 43 titles. When we create a workspace, we can only enter 20 of the titles before being locked out. Is there another way around having to lodge 3 withdrawals on Pexa. ? Am I missing something Thank you.
... View more
Latest Tags
No tags yet
