E-Signing Purchase Agreements on USDA, FHA, and VA loans....

By
Real Estate Agent with John L. Scott Real Estate / Yelm

Hey Everybody,

I've recently had some trouble at a Closing on a FHA loan.

Sterling Bank required the Buyer to re-sign the Purchase Agreement everywhere that they had done an e-signature on the contract.

The Loan Officer told me that "Everyone is requiring manual signing on government loans". (USDA, VA, FHA)  On conventional loans, they say that they are OK, just not government loans.

 

Have you had this experience?

 

If so, what good are the electronic signatures?

 

Thanks for your feedback!

-Bill

Comments (2)

Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

This is a really good point here Bill. I just had the government kick back e-signatures. Not sure why they cannot their stuff together.

Aug 31, 2012 04:26 AM
Bob Brock
Knoxville Fine Homes Realty - Knoxville, TN
Bob Brock

preparing for Broker test, good to know. So will not accept on any gov loans?

 

Oct 13, 2015 05:46 AM