eConveyancing: Time Matters
The Law Society of Ireland has submitted a document to a number of stakeholders on eConveyancing which aims to ‘reduce to five days the process of buying and selling property from one person to another with a new mortgage’.
The Law Society document states that the existing system as it stands should not be transferred into an electronic record but that the entire process should be re-engineered to suit the electronic and online environment presumably to cut down on the lenght of time it takes for the essential documents top be passed through the churn of the good old mail system.
According to the Irish Times the document has been submitted to the stakeholders for discussion in the context of the Law Reform project.