What a predicament I have been placed in. I'm sure it won't go that far, but believe me I have thought about it.
Here is the problem:
I have a property that has been registered with the QLD Dpt of Land and Natural Resources in the INCORRECT Trust Name.
The Contract for the property is in the CORRECT Trust name.
The Loan for the property is in the CORRECT Trust Name.
All correspondence with the bank and banks solicitor is in the CORRECT Trust name.
In January this year I received a Land Tax bill for $3800. I was shocked as I have different trusts set up and have made sure I have not gone over the Land Tax Threshold within those trusts.
When I ran down the list of proerties listed under X Trust, I saw a property that should be under Y trust!
To cut three months of exhausting, frustrating conversation down, I had given up on finding out which Solicitor was to blame and wanted the mess sorted out. I need to fill out Forms 1 and 24 which transfers the property from myself to myself Myself being both the Transferee and the Transferor!
Then it dawned on me yesterday that I would be eligible for Stamp Duty!
After more hours wasted on the phone I found I had to fill out a form to the Office of State Revenue and apply for a transfer due to a Clerical Error.
In order to submit this new Form...I need the guilty party to write a letter admitting clerical error.
So here I am back at square one with neither Solicitor wanting to admit error and both passing the buck back and forth!
I am absolutely fed up with it, not to mention I changed my ISP from Bigpond to Optus and have spent AT LEAST 12 hours on the phone in the past week speaking to Indian people trying to sort out my wireless connections.
What is that thread about the Law of Attraction? It is so long I haven't got there yet...
Any ideas?
My SOlicitor says the Transfer documents were filled out according to the Banks Solicitor's From 14 which states the name of the Trust???
Bank's Solicitor is asking how they got a hold of the wrong trust? I have paid for a copy of the Instrument submitted to Dpt Land and Nat resources and Banks Solicitor has their nice big stamp on it.
Two possibilities:
1. My Solicitor sent wrong trust with Transfer.
2. Bank's Solicitor found wrong Trust due to loan on another property.
Regards JO
Here is the problem:
I have a property that has been registered with the QLD Dpt of Land and Natural Resources in the INCORRECT Trust Name.
The Contract for the property is in the CORRECT Trust name.
The Loan for the property is in the CORRECT Trust Name.
All correspondence with the bank and banks solicitor is in the CORRECT Trust name.
In January this year I received a Land Tax bill for $3800. I was shocked as I have different trusts set up and have made sure I have not gone over the Land Tax Threshold within those trusts.
When I ran down the list of proerties listed under X Trust, I saw a property that should be under Y trust!
To cut three months of exhausting, frustrating conversation down, I had given up on finding out which Solicitor was to blame and wanted the mess sorted out. I need to fill out Forms 1 and 24 which transfers the property from myself to myself Myself being both the Transferee and the Transferor!
Then it dawned on me yesterday that I would be eligible for Stamp Duty!
After more hours wasted on the phone I found I had to fill out a form to the Office of State Revenue and apply for a transfer due to a Clerical Error.
In order to submit this new Form...I need the guilty party to write a letter admitting clerical error.
So here I am back at square one with neither Solicitor wanting to admit error and both passing the buck back and forth!
I am absolutely fed up with it, not to mention I changed my ISP from Bigpond to Optus and have spent AT LEAST 12 hours on the phone in the past week speaking to Indian people trying to sort out my wireless connections.
What is that thread about the Law of Attraction? It is so long I haven't got there yet...
Any ideas?
My SOlicitor says the Transfer documents were filled out according to the Banks Solicitor's From 14 which states the name of the Trust???
Bank's Solicitor is asking how they got a hold of the wrong trust? I have paid for a copy of the Instrument submitted to Dpt Land and Nat resources and Banks Solicitor has their nice big stamp on it.
Two possibilities:
1. My Solicitor sent wrong trust with Transfer.
2. Bank's Solicitor found wrong Trust due to loan on another property.
Regards JO