Have you noticed that a feature of electronic technology is the ability to collaborate? A person in Adelaide and a person in Tea Gardens can now share information in a mouse click. A new electronic system of conveyancing allows government agencies, financial lenders and lawyers to connect with each other online and to provide up to date information to each other.
The electronic platform where the collaboration takes place is known as the Property Exchange Australia Limited or PEXA. Mullane & Lindsay now use it. For clients, PEXA will improve the processing time for changing title to property and the release of sale funds. If you are selling a property, cleared funds arrive in your account on the date of completion of the sale.
In order to use PEXA, solicitors will use a digital signature to sign important documents for their clients. It is important to trust your solicitor. Mullane & Lindsay are at an advantage in this new electronic era.