NSW Paper Deeds of Property Go Missing 1st July 2019 For NSW New Home Owners

As from the  1st of July 2019, new home owners will not be provided a legal 'Paper Deed' anymore confirming ownership of property. The NSW Government is going Electrical. Click here for NSW Conneyancing Laws for Electronic Lodgement

This also means  possibly  no lunches/dinners  between purchasing and vendor solicitors anymore.

I feel that this is not good enough, when legal 'paper deeds' have been going around for a long time and also seem an important document to have with home ownership.

I have heard of scams that have occurred, as soon as a home owner goes on extended holiday - they come back seeing that there is a new occupant in house and property has been sold. 

I don't qualify for a waiver of  a waiver from an electronic nofitication of Deeds, Click here for NSW Conveyancing Laws 
Waver


Click here for 2 house scams reported by ABC



I actually think that being stamped by  NSW Government Department and official on legal paper deeds, is essential in preventing this type of scam - leading to legal battles as to how does the original owner recover the  money spent or even the second owner. Every step must be taken by banks, lawyers, Real Estate Sales Agent to ensure the right identified person is purchasing or importantly selling the property. 

I'd go as far as a photograph with the Real Estate Agents with sellers side by side and also purchasers as well (these get uploaded to a National Property Registry and on Settlement ' Deeds are supplied to owners/lenders. Police checks would be recommend to be done prior to property being sold. 

Maybe I am old fashioned, maybe I don't understand what measures have been made to make this electronic new method  built for anti- fraud or will this bring new clientele to lawyers and solicitors.  I feel we are  trusting our Electronic computers too much - what happens if the best of hackers also break into this data... I would have left it as it was.

I'm just wondering the compensation that we will get, A letter from the NSW Attorneys General ( unsigned) confirming Title of Ownership. What proof do we get that we are owners of property? Isn't this a worry to you?

I suppose the one less cost that can't be charged to us any more is lunches/dinners that we pay for when solicitors/ lawyers/ conveyancing experts meet to exchange  payments for deeds.

Next thing everything will be paperless: legal documents and legal papers, income tax returns, no signing of property sales, .......

A NSW Property Deed example