While it's ok to obtain a
ratified contract with Docu-Signatures, please make sure to follow up the
docu-signed version with a contract that has wet signatures. Short Sale lenders
may reject a contract with electronic signatures. Accordingly, the best
practice is to obtain a contract with wet signatures so that the lender cannot
find an excuse to delay the negotiations.
Lenders will also reject
contracts that are incomplete. Please make sure to submit a complete contract
that includes the completed page 9 (Agent Information section). Short Sale
lenders will use incomplete contracts or contracts with electronic signatures as
reasons to delay negotiations and approval.
Since we all know that Short
Sales can be complicated, let's help out our teammates and submit contracts
that have wet signatures and all blanks filled in!
Contact me at 434-951-0858 or Tucker@TGBLaw.com if you have questions.
William D. Tucker,
III
No comments:
Post a Comment