Always keep originals in a safe deposit box or fireproof vault. Electronic copies can be kept on a secure server for easy access. Consult with your attorney for the specific state/fed regulations covering this transaction.
Bonnie Chernin and David Rogoff
Fillmore Real Estate Branch #19
2926 Avenue J
Brooklyn NY 11210
917-593-4068 â€“ David mobile
646-318-5031 â€“ Bonnie mobile
email@example.com â€“ E-mail
Keep the original documents, all addenda, and the HUD-1 settlement documents together. While copies and digital copies are considered legal documents, the strongest source of legal reference are the originals as they preserve the integrity of an unalterable condition.
I would personally want to keep the original documents. Photocopies are considered a legal document, but if you ever need to defend it in a court of law, I would feel more comfortable with original signatures. A copy can be manipulated by someone that knows what they are doing.
Photo and fax copies are considered legal documents in this electronic age. The important thing is to have all pages of the documents and to be sure that they are all signed and initialed wherever required (with any changes initialed and dated.)