Short Sales – Slow as Molasses Signature Process
Thankfully all of my clients use email. Technology today is amazing. How did we ever manage without it?
The use of email means that if the real estate transaction I am managing is not a San Jose short sale then I can typically get electronic signatures completed at lightning speed.
Most of my business is comprised short sales. Unfortunately most short sale lenders do not allow electronic signatures on listing or purchase agreements. This makes for a highly inefficient and slow as molasses signature process.
Anyone who works short sales knows that when a short sale lender wants something signed they want is signed and return quickly. Because most short sale lenders do not allow electronic signatures it means that buyers, sellers and agents much print, sign, scan and return.
Rather than a click-done lightning speed process we have to use multiple step process. If clients do not have a scanner or fax that means that they must drive to the agent’s office to sign documents. Many times this means they may have to leave work to sign in order to meet a short sale lender deadline. Some agents need to drive to their clients to obtain their signature.
It just doesn’t make any sense that so many lenders do not allow electronic signatures. It’s all part of their plan to intentionally cause the short sale process to be a long one and to make it as difficult as possible for all parties.
Slow as molasses … indeed! 
This is an entry for the "Quick as Lightning, Slow as Molasses Adobe EchoSign Contest."
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