We are in the middle of a BoA short sale -- seller lives out-of-state, so everything's been done online and via email, including all documents signed electronically. BPO completed, counter offer okay'd and now negotiator says everything needs to be re-signed because they need real ink signatures.  She claims this will be required from this point forward on all short sales.

 

Seriously?

 

I swear, at times like these, I think they are DELIBERATELY delaying short sales. Because this? This is Ri-Donk-U-Lus!!!

 

Anyone else heard of a change like this?

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I've done many a Short Sale have yet to get one with e-signatures go through with any Servicer. It's not a new policy with BOA.

Like Kevin, I have not had a single short sale be processed with electronic signatures. This is common policy with all servicers and it will save you time and headache if you get real signatures to start with.

Jennie

Unfortunately its extremely common.  I love to use DocUSign but they are getting kicked back so frequently its almost becoming more trouble than not to use it.

Saw DocUSign at CMLS last week and ask the rep why they aren't pushing harder to maintain the approved use.  The rep gave me some BS answer that they are approved by most, I must of just run across one individual that is misinformed.  I pretty firmly commented back that we are seeing digital signatures rejected on a regular basis.

Love my Arizona Sunshine!!

 

 

I know Fannie Mae has now rejected all online signatures but I didn't realize they are cancelling out ALL.

Lame

 

Ohh and I had one last summer that went through BofA most electronic signatures, but Freddie Mac, who is your investor?

 

Many lenders won't accept electronic signatures. If you have an efax or other fax to email system, then it is easy enough to have your sellers print, sign and fax back to you for uploading into the system.

Problem is that the bank employees heard the term robo signing and heard it was "bad" and they think docusign is robosigning :)

Almost all short sales require "live" or wet signatures.  Be very careful when filling out the forms.....they are auditing everything and will send it back if there is one problem.  

I have Docusign on several files right now with no issues at all. Just closed on 2 BofA files last week with Docusign. What you can do is use docusign to get the deal lending and then just circulate the same contract and have them sign above their docusign signature so you have it if needed.

I just rece4ived approval today on a Wells Fargo/Freddie Mac deal with docusign.

I do that, but it's still a hassle. Have you gotten them to go though with Docusign signatures only?

I've closed several just recently as well using docusign signatures on bothe seller and buyer sides.

From BAC - Agent signature is electronic (not allowed by HUD)

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