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31-10-2019
04:00 PM
1 like
I hope that you got it all sorted with the bank. I agree that the banks seem to be in super slow motion but I always push the banker (not through PEXA) to provide an indicative figure at least 2 weeks out. CBA have always been able to do this for me but, sadly the other banks are not so co-operative. This will give you a good indication of how much shortfall there may be and I always ask the clients to put the funds into our trust account and add a bit extra and that way you will have more control. Regards Tania
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20-09-2019
11:00 AM
2 Likes
Hi Vivienne, Any time you get a replacement title, it does have a new volume and folio number as they destroy (in theory) the old one, so, yes, it did have a different volume and folio.
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17-09-2019
02:54 PM
I lodged the application on the 30/07/2019 through PEXA and rang the titles office on the 16/08/2019 as it was just still sitting there. The titles office informed me that there were requisitions. We received a letter from them on the 20/08/2019 and the only requisition was the fees as there is no facility in PEXA to pay. We sent the cheque the same day and received the new title on the 29/08/2019. Just be aware that after you lodge that you will need to get the dealing number and either wait for the requisition with the fees and send a cheque (they don't have facility to pay by EFT either). Bottom line is, allow about a month from lodgment to receiving the title and don't forget to telephone the titles office to get them to send the requisition as soon as possible. It was okay and not the hardest thing I have done, so good luck.
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02-09-2019
02:52 PM
1 like
Hopefully it won't be too long before rural properties can settle as easily as residential for all states. Good luck.
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02-09-2019
01:57 PM
I know in VIC that rural properties that have deductible claims, we had to claim after settlement directly with SRO, this worked but you need to make your client aware that they will have to pay the full stamp duty and then you can claim a refund. Not ideal but until it is sorted, this is the only way. Good luck.
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02-09-2019
01:48 PM
1 like
I have had the same issue with a few different banks and to solve it, I prepare a 'proposed' transfer with the old paper form and send that to them, they seem to accept that with no issues, good luck.
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02-09-2019
01:46 PM
1 like
You should, legally, be in possession of the paper title before you nominate to ECT to ensure that you comply.
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02-09-2019
01:43 PM
2 Likes
If you are acting for the vendor, purchaser and mortgagee then you need to ensure that all parties are listed in your workspace. You then can switch between the parties to complete necessary things. When you complete the lodgement instructions, you can request a paper title be issued to you to hold on behalf of the mortgagee.
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29-08-2019
10:53 AM
6 Likes
I also attended the open day on the 9th August and, even though I didn't get star treatment like the lucky ones from QLD, I had a fantastic day. I traveled from Shepparton down and the weather was atrocious but the day made it all worth while. All the staff at PEXA were amazing and I got to meet our support person Jeff Wulfsohn (he is terrific and has the patience of a saint as I often call him about issue that I have). It was very informative and seeing where the 'magic' happens was an eye opener. I would highly recommend anyone thinking about attending any future open days to go, you will be amazed. I met people from QLD and NSW that had flown in and everyone was friendly and warm and the food was terrifice. Thanks and congratulations to the QLD crew.
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29-08-2019
10:42 AM
2 Likes
Just letting you all know that we received the new title today.
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20-08-2019
09:28 AM
4 Likes
Well, good news, we received the requisition today and they are just wanting the contribution to the consolidation fund. I am sending a cheque today so we should receive the title back next week. For everyone's information, the DELWP is hoping to work something better out through PEXA rather than have to hold the process up and write out a requisition for the funds. I thought the money would have been debited from our account but, apparently they do not have that capability. Thanks for all the support.
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15-08-2019
10:19 AM
1 like
Not yet, I rang Land Titles yesterday and they said that there were requisitions so I have to wait until it comes back to see what needs correction, I will let you know once I get that and fix the issue. Thanks for your interest.
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13-08-2019
10:00 AM
I found that the paper applications were processed fairly quickly. Hopefully we will have something back soon so we can then know how long it takes. I will let everyone know once we get it back. Thanks for your comments, it is going to be a learning curve.
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12-08-2019
09:41 AM
Does anyone have an idea on how long the turnaround for a lost title application takes? I lodge on the 30/07/2019 but it only has 'lodged' on the pexa workspace, and I would like to know how long before it is 'completed'. Thanks
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07-08-2019
07:57 AM
Hi Allison, I have completed my first lost title application, just waiting on Land Registry to complete. I think you would need 2 workspaces. You would need to do the lost title application then the ALP afterwards. I opened the workspace as proprietor on title with no financial settlement, did all the usual then in the documents page there is a dropdown to application for lost title. You will also need to upload the following in support: 1. Statutory declaration from the owners 2. Last issue search 3. Statutory declaration from any other person involved that may have had the title 4. Application for lost title 5. Agents appraisal as to the value of the property 6. Copy of fairly recent rates showing the value of the property. You need to link these and then you can sign and lodge. I don't know how long it takes as I lodged mine on the 30/07/2019 and the summary says it is lodged but not completed. Hopefully it won't take much longer and I will let you know once it has been completed. Good luck
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05-08-2019
03:12 PM
1 like
I have completed my first lost title application through pexa and was lodged on the 30/07/2019 with Land Registry. Does anyone have any idea how long it will take to be completed? Thanks
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05-08-2019
01:37 PM
3 Likes
Hi Lynne, I have completed the lost title application through pexa and it has been lodged on the 30/07/2019. Hopefully it won't take much longer and I will confirm when I am successful. Thanks for the support.
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17-07-2019
02:35 PM
1 like
I would strongly suggest that you open a trust account and then you can get your clients to deposit the funds directly into there so there is no delay in settlement. If you don't want to do this, maybe inform your clients that if the stamp duty is not paid by the date (and I would suggest that you make it the day before to cover the ones who are a bit slack) then they will be up for penalties. I find the threat of extra costs is a very good incentive.
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17-07-2019
02:30 PM
1 like
Is there any way that a proprietor could be kept private? I ask as we have a family law matter where the purchaser is hoping that there is someway of keeping their name from showing up on the title. Any help would be greatly appreciated, thanks
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17-07-2019
02:22 PM
1 like
That is a very good question that I would also love to know the answer to.
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17-07-2019
02:17 PM
Hi, I did one last week and it took a couple of hours.
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17-07-2019
02:13 PM
Can we settle through pexa with a transfer creating an easement and or restrictive covenant for a Victorian matter
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Category:
10-07-2019
04:20 PM
04-07-2019
10:26 AM
Thank you for the reply but I could not invite anyone to the workspace as I created a workspace as caveator on title. Would I need to create the workspace in a different way to be able to invite other attendees?
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04-07-2019
10:24 AM
Thanks you, I look forward to this
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02-07-2019
03:09 PM
I know that sometimes there is a delay in upodating the stamp duty, the best thing I have tried is to close out of pexa, wait a few minutes and then re-open, it usually has updated then. If the settlement date has changed, you need to amend your duties online form before it will update in pexa. In Victoria, it doesn't carry through.
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02-07-2019
03:04 PM
Do you know when it will be available through pexa?
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02-07-2019
03:00 PM
Sometimes you need to exit pexa and then go back in and it should have updated. If it still doesn't, I would recommend that you telephone the help desk as they are wonderful, good luck.
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02-07-2019
02:55 PM
Can the lost title application be done through pexa in Victoria now?
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