Friday, April 9, 2010

FHA Now Accepts Electronic Signatures on Sales Contracts

FHA is now officially accepting electronic signatures on real estate sales contracts. Although most lenders have accepted electronic signatures on sales contracts in the past, they really weren't supposed to be doing it. (Imagine that - a lender doing something they weren't supposed to be doing!)

If anyone needs documentation because they are in a fight to the finish with their lender about this, refer to Mortgagee Letter 2010-14.

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