Unregistered Dealings Search

THE UNLIMITED UNREGISTERED DEALINGS SEARCH


The unregistered dealings search is a computer search by which lawyers find out if there are any dealings pending on a particular title. In other words if a purchaser tells the lawyer that he is going to buy title number 4567/1, then the lawyer will effect a search of all dealings on that title to find out if there are any dealings such as mortgages waiting in the titles office to be placed on that title.

This is of course important as the buyer wants to know what obligations are on the title before he commits himself to buying the property. For example if there is an undischarged mortgage, the purchaser may not want to go through with the deal.

The unregistered dealing search may be undertaken by the solicitor when the client first indicates that he wants to buy the property. The solicitor will then effect another search immediately prior to settlement day.

What is interesting about the unregistered dealings search in the Tasmanian Lands, Titles Office is that an unregistered dealing search can be obtained on any number. In other words the search is not limited to existing folios.

In this case I requested an unregistered dealings search on folio 29340/3 a number which does not exist.



You will note that the unregistered dealings search does not default to the phrase:"Sorry this folio does not exist" or something of that nature but defaults to a negative result.

The pitfalls of any computer system producing this sort of result seems to me to be obvious, as if you could obtain this sort of result, then you are half way to proving that a non-existent folio actually exists, however I could be wrong.

Questions which could be asked here include:

For computer systems buffs, how many different ways could be found to rort this system and produce land titles which don't exist?

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