The following update has been released from the Australian Institute of Conveyancers Victoria (some notable deadlines have been underlined). It details information on the move to digital conveyancing or electronic conveyancing in Victoria. Transitioning to 100% Digital Conveyancing As we have been saying for a couple of years, electronic conveyancing through an ELNO will supercede paper …
Contact Discharge of Mortgage Mortgage
29 November 2016
Paperless titles are now available
If you own your property but it is subject to a registered mortgage, that title will automatically become an electronic title (or paperless title) controlled by the mortgagee (the bank). What happens to my title now it may go paperless? Even if you had paid off your mortgage but the title still remains secured by the …
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Conveyancing Discharge of Mortgage
31 August 2016
Changes to lodging mortgages and discharges of mortgage
The practice of providing a discharge of mortgage to the registered proprietor to lodge at Land Victoria is no longer allowed. A discharge of mortgage signed on or after 1 March 2016 must be lodged by or on behalf of the mortgagee. The only exception is where the discharge is to be lodged with a transfer …
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