[The Baird Government] has no support from the property industry for the lease, with developers, real estate agents and property professionals, such as surveyors, expressing fears about higher costs and fraud risks.
"The registry is a precious asset of the state and its real value lies in its sustained integrity and the role it has in supporting the property market and the wider economy," he said.I invest in USA real estate. Last week, I saw an Australian investor who purchased a rental property in Kansas City, discover that the US attorney did not properly register his new title with the county. So he paid his money and he does not have ownership. Events like this are common, so the purchasers often take out title insurance to have recourse against such fraud and malpractice.
This is the last thing we need in Australia. We do not want to sell off or loosen the reigns on OUR Land Titles Registry.
[The Baird Government] has no support from the property industry for the lease, with developers, real estate agents and property professionals, such as surveyors, expressing fears about higher costs and fraud risks.
"The registry is a precious asset of the state and its real value lies in its sustained integrity and the role it has in supporting the property market and the wider economy," he said.
Maybe there's some Chinese company out there that would be keen ta take on tha job? ...
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Stupid people usually are very pleased with themselves.
Where did anyone mention "the cloud"?
Why do you think the Law Council is fighting this you nong?
f***ing steeple! Biggest investments of their lives, and they are to stupid to spend a few dollars just the once, getting legal advice lol.
Maybe you could ask about this at the next property seminar you attend."The registry is a precious asset of the state and its real value lies in its sustained integrity and the role it has in supporting the property market and the wider economy," he said. The UK government saw the light. It realised there were IT risk, risk of fraud, risk of corruption, and it didn't make good economic sense to have a one-off cash grab."
Khaderbhai
5 Dec 2016, 01:30 PM
So you're in possession of a printout of your Title. Big deal.
It is a big deal. I'm in possession of the only edition of the certificate of title (4 of them) where any transaction without them is illegal and fraudulent, and thereby bypasses the problems this gentleman raises here when he describes the system of recompense:
"Anybody who loses a title has to make a claim on the TAF after having exhausted their legal rights, meaning they're going to have to first expend enormous amounts of money," he said.
"The TAF is a fund of last resort."
I know I keep suggesting it to you Shadow, but really dude, a few hundred bucks spent on a solicitor will help you understand you risks, remedies and obligations.
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