Harold Sharpe - Broker
So Cal Homes
California Department of Real Estate Broker License # 01312992
Okay, hereâ€™s the scoop, as a lender I could care less, you could send an email for all I care, I remember financing a home a long time ago where the agreement was handwritten on their kidâ€™s school paper. However, FHA, Fannie and Freddie will not accept eSignatures, so I do not accept eSignatures.
NMLS # 6395
Financing Kentucky One Home at a Time
On the flip side your friends are also correct and any standard transaction between a buyer and seller can absolutely be done by e-signing using anyone of a couple fo approved digital signature programs. (DoucSign is probably the most best known) It may also be that your agent hasn't invested in this program and this is why their forced to have you print them out and hard sign them before returning them. IF this is the case you might suggest that your agent look into investing in such a program as it really does make doing business much easier for everyone involved. Interestingly enough the very same banks that often refuse to accept digital signatures on foreclosures their selling have absolutely no problem with digital signatures as long as their not a party to the transaction. Go figure.
Best wishes on your new home.
Please follow your realtor's advice and Good Luck!
Realtor at Cook Realty
You are at the very beginning of the purchase process and you are already second guessing the instructions provided by your real estate professional. If this is a bank owned or short sale, and the process will become increasingly complex and convoluted, you will very likely become the greatest obstacle to your success.
Please have a heart-to-heart with your agent.
STOP soliciting opinions from the internet.
DON'T allow uncle Bill or your friends to inject anecdotal advise that does not apply to your situation.
Best of Success to You,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, Fl
727.420.4041 - http://www.RealEstateMadeEZ.us
Not all lending institutions will accept electronic because of the recent legal challenges to their procedures. But Elizabeth, as a more experienced listing agent, accepts them during the flurry of offers, and obtains a wet signature of the selected buyer later (which is the only signatures the lender actually sees).
If at all possible, obtain the wet signatures. Trust me, if your realtor says wet signatures, they're making more work for themselves to get them from you, but working in your best interest.
However, when it comes time to submit the offer to the short sale bank, absolutely, I obtain wet signatures. Some banks are stuck back in the dark ages and will not, under any circumstances, accept a digital signature. Bank of America is one of those banks.
When you hire a real estate agent, you should trust and rely on that agent's advice. If your agent tells you that you need a wet signature, you better believe it. None of us like to do things twice.
Lyon Real Estate's #1 Short Sale Agent for 2011
If your agent is asking for wet signatures I recommend you oblige. Although inconvenient, it won't hurt, actually may help expedite the process in the long run.
Hope that helps!
Keisha Mathews, REALTORÂ®
CDPEÂ®, HRCÂ®, HAFAÂ® Certified
The Short Sale Lady(sm)
Century 21 Landmark Network
(916) 370-1803 cell/direct
(916) 405-3886 fax