Victoria's Landata has introduced a new Title tracking transaction alert system.
For example you have just signed a Contract of Sale, you can now place a 3 month, 6 or 12 month alert on the certificate of title for the property.
The service alerts subscribers if a mortgage is registered against the title, if a caveat has been lodged or if there is a transfer dealing on the property they are interested in.
Subscribers to the service can track activity on the title between the signing of the contract of sale through to settlement, find out if a property is withdrawn from sale, has been sold or check the progress of a subdivision. The service costs roughly $3 for 3 months or $12 for 12 months.
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