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Electronic Signatures Gaining Acceptance
CROFTON, MARYLAND:  REAL ESTATE QUESTIONS & ANSWERS
Q. I want to sell my Crofton home, but I live in California. Will you mail the paperwork to me?  Fax it?
A. Paperwork that required mailing 10 years ago and scanning/emailing just 2 years ago can now be signed and sent electronically. Let me explain…
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Your autograph is no longer necessary on real estate sales contracts, addenda, and other documents used to buy, sell, and lease real estate.  E-signing is the latest item on a long list of technology innovations since I started in this business. I love it!
The e-Sign Act (2000) and Uniform Electronic Transactions Act (1999) made electronic signatures binding, but there are still a few hold-outs in the banking world that won't accept digital signatures. In these situations, many people use electronic signing in their initial negotiations and then follow up with a copy signed the old fashioned way – with pen and paper – after the agreement is complete.
However, FHA is on board (FHA Letter) and so is the National Association of REALTORS (NAR White Paper), as well as many lenders.
Here's how e-signing works:
1. Your agent goes online to an e-signature company (such as ... more

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