Hud HOmes can be a great buy and alot of buyers take advantage of the opportunities that they afford them but if you have a buyer from out of town it can be next to impossible or at least difficult to complete a purchase. I just recently had an out of town purchase and accepted offer but it wasn't easy. The buyer lived 3 hours from the property that he purchased. The forms had to all be wet signed and HUD doesn't accept any other form of signature, not faxed, scanned or electronic.
It was like going back to the horse and buggy, pony express days. We signed everything up front before he left but we still had to have one form we missed signed and then there was the Title Company's request after the accepted offer for a form to be wet signed and sen back t to them.
Between me and the buyer we did complete the transaction but Please Hud make it easier on us Realtors and the Buyers who want to purchase.
I have been using Docusign for a long while now and can't imagine life without it. Its so convenient and wonderful for out of town home buyers and Out of town Home Owners that want to sell their home. Its the best invention ever for the Real Estate industry and should get a Green award for all the Gas it saves accross the country.
The United States Passed a law in 2010 (The Electronic Signatures in Global and National Commerce Act) that states its illegal not to accept Digital signatures. So Why doesn't Hud an entity of The US Goverment accept them. I am looking forward to the Day when Hud Does accept digital, faxed or scanned in documents. It will be a day to remember.
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