Dawn Barrier REALTOR®, 's Blog,LAS VEGAS BLOG


FHA to Accept DocuSign for Real Estate Contracts

I love Docusign....I've said it before in other blogs too!

I received a letter from Docusign as I'm sure many of you did, but if you didn't here is a bit of it....

In the past, we have heard many complaints regarding lender acceptance of e-signatures in regards to FHA insured loans specifically. That has now changed.

Today, April 8, 2010, e-signed third-party documents, including real estate contracts, are now being accepted by the Federal Housing Administration (FHA) with the issuance of today's mortgagee letter.

I have only had 1 deal where FHA required us to also get originals on the purchase offer just before the deal closed.  Not that big of a deal on that one as the clients were in town at the time.  But, this is a great leap as there are still a lot of deals where we use Docusign as the clients are out of town buyers and sellers.  I even use it for those clients in town as it cuts down on time and paper! 

If you are not using Docusign....well, why not?  Give it a try!

Blog Disclaimer-This is a personal blog. All information is provided for informational purposes only and is Not legal advice, consult an attorney or financial expert for legal advice. This is general information and is not intended to provide advice on any specific question or transaction. Parties to any real estate transaction should seek competent legal and/or tax counsel to determine the legal, credit and tax consequences of buying or selling a home

Dawn Barrier    EXP REALTY Las Vegas   (702) 812-4550 

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Hopefully the mortgage lenders in short sales will get on board with Docusign soon. The FHA thing is great news!

Posted by Melissa Zavala, Broker, Escondido Real Estate, San Diego County (Broadpoint Properties) almost 9 years ago

Melissa, Have you had problems?

Posted by Las Vegas Real Estate Agent Dawn Barrier, South Las Vegas, Henderson, Summerlin Homes (eXp Realty) almost 9 years ago

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