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Taking off Ceveat from Title Document -Vic

Discussion in 'The Buying & Selling Process' started by Newfast, 12th Jul, 2016.

  1. Newfast

    Newfast Well-Known Member

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    24th Apr, 2016
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    Location:
    Syd
    Hi, I have recently purchased an IP in Vic and paid deposit. Property has Caveat on the title and RE agent told me it is not a issue.

    My conveyancing manager has informed me that they have requested the document from vendors solicitor 3 times already but no response.

    This is a general document which just states that Caveat will be romoved on the day of settlement so that i can get a confirmation certification from my bank of already approved loan.

    We also want to do early settlement and wverone was aware of it.

    Any thoughts on how to go about this? Or why they are taking so long ?

    Many thanks.
     
  2. thatbum

    thatbum Well-Known Member

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    Perth, WA
    Do you know anything about what the caveatable interest is?
     
  3. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Why ask an agent for legal advice?

    Just go on what your solicitor says.
     
  4. larrylarry

    larrylarry Well-Known Member

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    The caveat would be removed just before settlement. Your solicitor ought to follow up with vendor's solicitor. If settlement date is not confirmed, they probably not going to do anything about it. Your solicitor should try harder.
     
  5. Newfast

    Newfast Well-Known Member

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    Hi guys, as @larrylarry mentioned, this comes off at settlement but all i need the letter or document stating that...

    My conveyancing manager has asked them to provide the paper by COB 15th july
     
  6. Otie

    Otie Well-Known Member

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    Did it happen?
     
  7. Newfast

    Newfast Well-Known Member

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    Yes
     
    Perthguy and Otie like this.