Almost all of the documents needed for a Short Sale with B of A COOP (co-operative) Short Sales can be signed with e-signatures. Whew! What a step into the current time B of A! Here's the scoop from my Agent update e-mail from B of A.
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E-Signatures Now Accepted
on Most Preapproved Short Sale Documents
Bank of America now accepts electronic signatures on most documents collected throughout the processing of short sales participating in Preapproved Price Short Sale programs. When agents initiate a short sale without an offer and participate in the Home Affordable Foreclosure Alternatives (HAFA) or Bank of America Cooperative Short Sale program, the following documents may be submitted with an electronic signature:
- Approval Letter
- Arm's-Length Transaction
- Bank of America E-Transaction Consent Disclosure Form
- Bank of America Third-Party Authorization
- Borrower Acknowledgment Interest (BAI)
- Dodd-Frank Certification
- Multiple Listing Service (MLS) Agreement
- Preliminary HUD-1 Settlement Statement
- Purchase Contract & Addendums
- Request for Approval of Short Sale (RASS)
- Request for Modification and Affidavit (RMA)
- Short Sale Addendum
- Short Sale Agreement
- Short Sale Marketing Extension Agreement
For a complete list of documents that will be accepted with an e-signature, see the Electronic Signatures Reference Guide.
Note: Please contact your short sale specialist on all FHA, USDA, VA and traditional short sales (initiated with an offer) to determine if
e-signatures are allowed. All closing and final documents require handwritten ("wet") signatures.
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