Caveat Removal Settlement Process

Summary

To assure a lender that a caveat will be removed at settlement, provide a written undertaking from the caveator, a signed withdrawal of caveat form, and a condition in the contract of sale. The withdrawal can be processed through PEXA in Australia. For confirming funds held in trust, request a trust account statement, written confirmation from a solicitor, and a bank statement. For finalizing the MOJO account, provide discharge evidence, caveat removal verification, and funds confirmation. Ensure the title is free of other securities and provide an Environmental Site Assessment report.

Full Conversation

can it be done through pexa
Yes, the withdrawal of a caveat can be processed through PEXA (Property Exchange Australia). PEXA is an online property exchange network that allows the electronic lodgment of documents and settlement of property transactions.
Do you need any more specific information about how to do this through PEXA?
does this apply to australia
Yes, PEXA is used in Australia. It allows for the electronic lodgment of documents and settlement of property transactions.
Would you like details on how to process the withdrawal of a caveat through PEXA?
yes please
Case Rating: *
To process the withdrawal of a caveat through PEXA in Australia, you will need to:
- Ensure you have access to the PEXA system (usually through your conveyancer or solicitor).
- Prepare the withdrawal of caveat document.
- Sign the document digitally within the PEXA workspace.
- Submit the document electronically for lodgment and settlement.
Do you need help with any specific step?
*. Evidence of funds to complete (confirming that the shortfall funds will be held in trust and are available to finalise the Mojo account) Aquamore require the title to be free of any other registered securities - please confirm that the funds will be held in trust and the shortfall will be paid, Aquamore are settling $*,*, the remainder to complete MOJO must be paid via funds in trust
Case Rating: *
To confirm that the funds will be held in trust and the shortfall will be paid, you can provide the following evidence:
- A trust account statement showing the funds are held in trust.
- A written confirmation from your solicitor or conveyancer.
- A bank statement or letter indicating the availability of funds.
Do you have any additional questions about this process?
can you please rewrite this
Sure! Here's the rewritten conversation:
---
Question: I am FreeLawChat and I provide legal assistance to help you with your legal issue. What is your name?
Answer: What evidence can be provided to a lender to say that a caveat will be removed at settlement?
Question: Hi there! To assure a lender that a caveat will be removed at settlement, you can provide the following evidence:
- A written undertaking from the caveator (the person who lodged the caveat) agreeing to withdraw the caveat upon settlement.
- A signed withdrawal of caveat form, to be lodged at the time of settlement.
- A condition in the contract of sale that requires the removal of the caveat.
Do you have any specific concerns or details regarding your situation?
Answer: Can it be done through PEXA?
Question: Yes, the withdrawal of a caveat can be processed through PEXA (Property Exchange Australia). PEXA is an online property exchange network that allows the electronic lodgment of documents and settlement of property transactions.
Do you need any more specific information about how to do this through PEXA?
Answer: Does this apply to Australia?
Question: Yes, PEXA is used in Australia. It allows for the electronic lodgment of documents and settlement of property transactions.
Would you like details on how to process the withdrawal of a caveat through PEXA?
Answer: Yes, please.
Question: To process the withdrawal of a caveat through PEXA in Australia, you will need to:
- Ensure you have access to the PEXA system (usually through your conveyancer or solicitor).
- Prepare the withdrawal of caveat document.
- Sign the document digitally within the PEXA workspace.
- Submit the document electronically for lodgment and settlement.
Do you need help with any specific step?
Answer: Evidence of funds to complete (confirming that the shortfall funds will be held in trust and are available to finalize the Mojo account). Aquamore requires the title to be free of any other registered securities - please confirm that the funds will be held in trust and the shortfall will be paid. Aquamore is settling $*,*, the remainder to complete MOJO must be paid via funds in trust.
Question: To confirm that the funds will be held in trust and the shortfall will be paid, you can provide the following evidence:
- A trust account statement showing the funds are held in trust.
- A written confirmation from your solicitor or conveyancer.
- A bank statement or letter indicating the availability of funds.
Do you have any additional questions about this process?
---
Hope this helps!
The solicitor hold the funds in their trust and i am emailing the solicitor for eveidence so what can i ask th esoliciotr for
Case Rating: *
You can ask your solicitor for the following evidence:
- A trust account statement showing the funds are held in trust.
- A written confirmation from the solicitor that the funds are available and will be used to finalize the transaction.
- A bank statement or letter indicating the availability of the funds.
Do you need help with drafting the email to your solicitor?
yes please'
Case Rating: *
To draft an email to your solicitor, you can use the following template:
---
Dear [Solicitor's Name],
I hope this message finds you well.
I am writing to request evidence that the funds required to finalize the MOJO account are being held in trust. Specifically, could you please provide:
- A trust account statement showing the funds are held in trust.
- A written confirmation that the funds are available and will be used to finalize the transaction.
- A bank statement or letter indicating the availability of the funds.
Thank you for your assistance.
Best regards,
[Your Name]
---
Would you like further assistance with this matter?
please rewrite this email to the solicitor using a professional tone but not aggresive
Case Rating: *
---
Dear [Solicitor's Name],
I hope this message finds you well.
I am writing to request evidence that the funds required to finalize the MOJO account are being held in trust. Specifically, could you please provide:
- A trust account statement showing the funds are held in trust.
- A written confirmation that the funds are available and will be used to finalize the transaction.
- A bank statement or letter indicating the availability of the funds.
Thank you for your assistance.
Best regards,
[Your Name]
Please see the below as a matter of urgency,can you forward to me directly asap,Mojo Discharge evidence – Form signed or an email confirming discharge – an email confirming discharge is ok (agreed amount to finalise) Evidence of caveat removal – Verification that caveat will be removed, withdrawal of caveat document signed ect Evidence of funds to complete (confirming that the shortfall funds will be held in trust and are available to finalise the Mojo) Aquamore require the title to be free of any other registered securities - please provide written confirmation that the funds will be held in trust, available to complete the shortfall of the MOJO payout Environmental Site Assessment report is to be assigned to Aquamore provided prior to solicitor’s instruction – unsure if you can assist with this? Please confirm if the client is willing to provide an undertaking that asbestos affected ‘debris’ will be removed within 3 months of settlement
Case Rating: *
Hi there! Since this is an urgent matter, here's how you can proceed with your email to your solicitor:
---
Dear [Solicitor's Name],
I hope this message finds you well.
I am writing to urgently request the following documents for the completion of the MOJO account:
*. Discharge evidence – Form signed or an email confirming discharge.
*. Evidence of caveat removal – Verification that the caveat will be removed, including the signed withdrawal of caveat document.
*. Evidence of funds to complete – Confirming that the shortfall funds will be held in trust and are available to finalize the MOJO account.
Additionally, Aquamore requires:
- Written confirmation that the title will be free of any other registered securities and that the shortfall will be paid.
- The Environmental Site Assessment report to be assigned to Aquamore before solicitor’s instruction.
- Confirmation that the client is willing to provide an undertaking that asbestos-affected debris will be removed within 3 months of settlement.
Thank you for your prompt assistance.
Best regards,
[Your Name]
---
Would you like any further assistance with this matter?
please rewrite this to a solicitor
Case Rating: *
Sure, here's a revised version in a more professional tone:
---
Dear [Solicitor's Name],
I hope this message finds you well.
I am writing to urgently request the following documents to finalize the MOJO account:
*. Discharge evidence – Form signed or an email confirming discharge.
*. Evidence of caveat removal – Verification that the caveat will be removed, including the signed withdrawal of caveat document.
*. Evidence of funds to complete – Confirmation that the shortfall funds will be held in trust and are available to finalize the MOJO account.
Additionally, Aquamore requires:
- Written confirmation that the title will be free of any other registered securities and that the shortfall will be paid.
- The Environmental Site Assessment report to be assigned to Aquamore prior to solicitor’s instruction.
- Confirmation that the client is willing to provide an undertaking that asbestos-affected debris will be removed within 3 months of settlement.
Thank you for your prompt assistance.
Best regards,
[Your Name]
---
Would you like any further assistance with this matter?
PLease rewrite to a soliciotr I hope you are well, our client Anne Srinivasarao has requested the lenders contact information for you to forward the outstanding information, please note they will not discuss anything with a third party solicitor at this stage of the process, they are requiring the information to be sent directly from us to their credit team who will then instruct their solicitros to speak directly with yourself. This being the case, can you please send the below outstanding information directly to me as a matter of urgency and their solicitors will be in touch following this
Case Rating: *
Sure, here's the revised version:
---
Dear [Solicitor's Name],
I hope you are well.
Our client, Anne Srinivasarao, has requested the lender's contact information to forward the outstanding information. Please note that the lender will not discuss anything with a third-party solicitor at this stage. They require the information to be sent directly from us to their credit team, who will then instruct their solicitors to speak directly with you.
Given this, could you please send the following outstanding information directly to me as a matter of urgency? Their solicitors will be in touch following this.
Thank you for your assistance.
Best regards,
[Your Name]
---
Would you like further assistance with this matter?
please make it more professional
Case Rating: *
Sure, here's a more professional version:
---
Dear [Solicitor's Name],
I hope this message finds you well.
Our client, Anne Srinivasarao, has requested the lender's contact information to forward the outstanding documents. Please note that the lender will not discuss any details with a third-party solicitor at this stage. They require the information to be sent directly from us to their credit team, who will then instruct their solicitors to liaise directly with you.
In light of this, could you please urgently provide the following outstanding information directly to me? Their solicitors will reach out to you subsequently.
Thank you for your prompt assistance.
Best regards,
[Your Name]
---
Would you like further assistance with this matter?
This being the case, could you please urgently provide the following outstanding information directly to me with regards to finalising the MOJO account?
Case Rating: *
To finalize the MOJO account, you can request the following from the solicitor:
*. Discharge evidence – Form signed or an email confirming discharge.
*. Evidence of caveat removal – Verification that the caveat will be removed, including the signed withdrawal of caveat document.
*. Evidence of funds to complete – Confirmation that the shortfall funds will be held in trust and are available to finalize the MOJO account.
*. Confirmation that the title will be free of any other registered securities and that the shortfall will be paid.
*. The Environmental Site Assessment report assigned to Aquamore.
*. Confirmation that asbestos-affected debris will be removed within 3 months of settlement.
Would you need any further assistance?
This being the case, could you please urgently provide the following outstanding information directly to me with regards to finalising the MOJO account? please rewrite
Case Rating: *
Sure, here is the revised version:
---
Dear [Solicitor's Name],
I hope this message finds you well.
Our client, Anne Srinivasarao, has requested the lender's contact information to forward the outstanding documents. Please note that the lender will not discuss any details with a third-party solicitor at this stage. They require the information to be sent directly from us to their credit team, who will then instruct their solicitors to liaise directly with you.
Given this, could you please urgently provide the following outstanding information directly to me regarding the finalization of the MOJO account:
*. Discharge evidence – Form signed or an email confirming discharge.
*. Evidence of caveat removal – Verification that the caveat will be removed, including the signed withdrawal of caveat document.
*. Evidence of funds to complete – Confirmation that the shortfall funds will be held in trust and are available to finalize the MOJO account.
*. Confirmation that the title will be free of any other registered securities and that the shortfall will be paid.
*. The Environmental Site Assessment report assigned to Aquamore.
*. Confirmation that asbestos-affected debris will be removed within 3 months of settlement.
Thank you for your prompt assistance.
Best regards,
[Your Name]
---
Would you need any further assistance?