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since ‎31-08-2018
‎14-02-2019
KatharineH
KatharineH
Occasional Contributor
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About KatharineH

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Latest Contributions by KatharineH
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  • Latest Contributions by KatharineH

Re: Banks signing off

by KatharineH in Ask the PEXA Community
‎17-12-2018 02:20 PM
‎17-12-2018 02:20 PM
Just going to add that yet again today I am having the exact same issue, settlement is in 10 minutes - the incoming mortgagee is yet to sign off. Anyone from PEXA want to advise/respond to my initial query?  ... View more

Re: Banks signing off

by KatharineH in Ask the PEXA Community
‎13-12-2018 02:20 PM
3 Likes
‎13-12-2018 02:20 PM
3 Likes
Just to add to the above as a prime example, I have a settlement in 10 minutes that the incoming mortgagee is yet to sign off on.  ... View more

Banks signing off

by KatharineH in Ask the PEXA Community
‎13-12-2018 01:52 PM
4 Likes
‎13-12-2018 01:52 PM
4 Likes
Hi    I am interested generally in what initiatives PEXA are putting in place to get the banks to be more on top of getting things done in a timely manner. Its becoming increasingly common that banks are not doing everything they need to do, included signing off until at most a half hour before settlement. It means that we are having to constantly check on a workspace, follow them up and additional work than we would not have to do if it were a traditional paper settlement. I note that guidelines have been provided to us as to what banks expect of us with respect to timelines, what are the expectations on the banks?  ... View more
Category:
  • Banks and Financial Institutions
  • Financial Settlement

Re: Refinance and Transferring partial interest

by KatharineH in Ask the PEXA Community
‎04-09-2018 05:46 PM
‎04-09-2018 05:46 PM
@GeorgePolus thanks for your reply. Yes this is a NSW transaction.   The situation is as follows:   A is currently the sole proprietor with a mortgage to X Bank which is to be discharged. A is transferring 1/100th share of the property to B for consideration. A & B are getting a mortgage through Y Bank. We act for A & B.    I'm not sure how to set this up in the workspace. Is it even possible to act for both parties using PEXA?     ... View more

Refinance and Transferring partial interest

by KatharineH in Ask the PEXA Community
‎31-08-2018 10:12 AM
‎31-08-2018 10:12 AM
Can you please advise whether it is possible to arrange a workspace whereby we act for both the registered proprietor and the incoming proprietor  in a situation where the registered proprietor is  going to transfer 1/100th share to incoming proprietor. There will also be a refinance, do the banks do a separate workspace for this or do we need to invite the banks to the transfer workspace?  ... View more
Category:
  • Banks and Financial Institutions
  • Document Preparation
  • E-Conveyancing Community
  • Financial Settlement
  • NSW
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