About cstewart

cstewart

Oh, that's a shame, as I could assist in Victoria. Here, we would invite the bank into the workspace, with as much information as possible re: client account etc, advising that the loan has been repaid, but still in control of bank. We would ask the bank to accept the invitation or transfer EcT control. Hopefully someone can assist in NSW. Cheers,

cstewart

Hi, is this for Victoria?

cstewart

Hi TJ, any chance you can post this on the Property Exchange Australia Ltd (PEXA) Linked In page ? I could then circulate to my network. :)

cstewart

HI Andrea, The answer is no, currently not. I agree, it will be a welcome addition when it is available, as we still have to draft a standalone Notice of Acquisition Smart Form and send off to the council, water authority and land tax office to evidence the change. Also, with LPR Applications, the same scenario. Cheers, and happy Pexa-ering.

cstewart

P = property advances E = embracing change X = xenial community and opportunity to get on board early A = advancing knowledge base + 36 years in the game, never stop learning

cstewart · ‎25-03-2019

Hi, yes, the link to Part Tenancy Transfer Vic is https://community.pexa.com.au/t5/Help-Centre/Part-Tenancy-Transfers-VIC/ba-p/7311 Cheers,

cstewart · ‎15-03-2019

Thanks Emily, That's great and thank you.

cstewart · ‎15-03-2019

Good morning, Am I correct that Transmission application by trustee of Bankrupt Section 51(1) Victorian TLA is still not available on PEXA? If so, any update on when this will be included? Thank you.

cstewart · ‎15-03-2019

Hi Ashlee, I am interested how you dealt with the stamp duty issue. As I understand it this would not be a DOL transaction and would need to be lodged for determination. Doesn't this mean you can't proceed on PEXA? I have one that is reverting back from Trustee to the discharged bankrupt, and that is what we were told to do, ie. paper transaction due to stamp duty. Would be great to hear how you proceeded. Thank you.

cstewart · ‎04-03-2019

Hi Louise, I am interested how you go on the PEXA platform. I recently had to do this in a paper format (as the executor purchased the property for real consideration and PPR) and it was refused. The LTO legal team advised that it was a conflict of interest, and we had to providing supporting evidentiary materials to confirm that the beneficiary under the will (not the executor) had agreed to the transaction. Therefore, if there are any stamp duty issues, you may need to do on paper. Otherwise, if it is a devise in the will directly to the same party, it may be OK.

cstewart · ‎28-11-2018

Thank you Brook, will do.

cstewart · ‎26-11-2018

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.

cstewart · ‎09-11-2018

Is it possible to change time only for a settlement, or do we just let it roll over ?

cstewart · ‎29-10-2018

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.

cstewart · ‎26-10-2018

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

cstewart · ‎25-10-2018

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

cstewart · ‎23-10-2018

I have now obtained a resolution to this question

cstewart · ‎23-10-2018

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

cstewart · ‎19-10-2018

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

cstewart · ‎19-10-2018

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.

cstewart · ‎11-10-2018

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.

cstewart · ‎08-10-2018

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.

cstewart · ‎17-07-2018

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.

cstewart · ‎26-06-2018

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".

cstewart · ‎25-06-2018

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,

cstewart · ‎15-06-2018

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

cstewart · ‎21-05-2018

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.

cstewart · ‎18-05-2018

This sort of information is invaluable. Specific practical requirements from Lenders, that relate to the actual process. Should be more of it !

cstewart · ‎18-05-2018

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

cstewart · ‎15-05-2018

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,

About cstewart

Re: Encumbered title becoming unencumbered before ...

Re: Encumbered title becoming unencumbered before ...

Re: Introducing the Community Superusers for 2019

Re: Survivorship Application - VIC - and Notice of...

Re: Win tickets, flights and accomodation to this ...

Re: PEXA Help Cards

Re: Bankruptcy Transfer

Re: Transmission Application (APR) - VIC

Re: Bankruptcy Transfer

Re: one entity and two roles - estate transfers

Re: WA Paper Title post settlement

WA Paper Title post settlement

Change of Time only

Re: Executor transferring property to themselves

Re: transfer of land to a beneficiary - duty form

Re: Transfer by Third Party (VIC)

Re: Transfer by Third Party (VIC)

Victorian Mortgagee Transfer of Land (old T3)

Re: Change to Manner of Holding from Joint to Tena...

Re: Transfer by Third Party (VIC)

Change to Manner of Holding from Joint to Tenants ...

Re: Contact details for ANZ PEXA team

Re: Notice of Acquisition - VIC

Re: NAB Transfer Checklist

Re: Notice of Acquisition - VIC

Victorian Data Discrepencies for SRO

Re: Settlement Notification

Re: Bank Transfer Tips

Re: Discharge Mortgage/New Mortgage

Discharge Mortgage/New Mortgage