If you haven’t heard of ‘Title Watch’, it’s something we like to inform all clients about. Despite its lack of costs (it’s completely free), it’s an extremely valuable tool. It enables Conveyancers to provide a more up to date and complete service to you as you head towards settlement.
What is Title Watch?
‘Title Watch‘, as the name suggests, is a service that watches over a Title. If activity is detected on the Title, we receive an SMS or email notification. We can then review the activity and determine if any action is necessary.
If for example you’re purchasing a block of land in a land division and it hasn’t been Titled yet, this service is extremely valuable in that it can flag any issues before they become a problem. We’re updated on the progress of the division once the plan is lodged, and also if anything like a Caveat is registered.
We don’t have to wait for the other Conveyancer to update us on expected settlement dates. We already have a clear picture all the way along. And if the Vendor does anything such as refinance the property and change banks, we pick that up early and keep settlement on track.
If anyone orders a search on the Title, we also receive notification (it’s useful to know if someone is investigating the Title you’re about to purchase).
The verdict on the product ..
It’s a brilliant service that the Lands Titles Office offers, and does its job excellently. That job being, allowing Conveyancers to stay completely up to date on property Titles in preparation for your settlement. And another way that we can help eliminate any last minute settlement problems or delays!
At Your Choice Conveyancing, we automatically add your Title to our ‘Title Watch‘ subscription. So we’re always in the know as to exactly what’s going on with your Title.
If you’d like to hear more about ‘Title Watch‘, drop us a line here and we’ll be happy to fill you in. Or to view some info on it for yourself, click here.