Electronic Signatures Gaining Ground with FHA, HUD

Those of you who know or worked with em know how much I LOVE using electronic signatures.  Think about it – in today’s world, we verify everything electronically from credit cards to social security numbers to stock accounts involving thousands of dollars.   There is no need to waste time, fuel and energy getting actual wet signatures when an electronic one tied to your unique email address will suffice.

For a long time, government entities like HUD, FHA and VA have been against the use of eSignatures making the process to purchase a distressed property more arduous and tedious.  However, recently FHA has allowed the use of them for loans and bidding on their property, to which I can only say “Welcome to the 21st century!”

The word is that HUDHomeStore.com and their asset managers will start accepting them on their sales contracts and addenda by the end of the year or early next year.  If and when that happens, I will be ecstatic considering the number of these things I bid on for clients.   It just makes sense!

David R. Madaffari, Realtor
Keller Williams Realty – First Choice
Office: 225.744.0044
Cell: 225.772.3283 (DAVE)
37325 Market Place Dr. Ste D
Prairieville, LA 70769
www.DavidMadaffari.com
Each office independently owned and operated

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s