Call Us Today 602-741-1602

Bank of America Short Sale Now Allow E-Signatures

Electronic Signatures now allowed on most documents used in Preapproved Short Sale Process
 
Many Arizona short sale realtors get frustrated when trying to initiate a short sale with lenders and servicers who don’t accept “E-Signatures” (electronic signatures), a popular way of gathering verified signatures the last few years. It saves on time, gas, energy, missed signatures, and in general allows all parties an ease never known before such an innovation. But, some lenders were still weary of the technology and still required “live” signatures.
 
Bank of America has finally turned a page to allow E-Signatures on some docs, thank goodness!
 
bank of america short sale When you start a Bank of America short sale without and offer, and your Arizona short sale realtor submits it for HAFA or a Bank of America Cooperative Short Sale, here are the documents they not longer need “live” signatures on.
 

• Approval Letter
• (ALA) 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 FHA, USDA, VA and traditional short sales (initiated with an offer), contact your Arizona short sale specialist to see if e-signatures are allowed.
 
NOTE: Any and all closing documents and final documents to close (your short sale) DO require “live” signatures.
 
This content was originally posted by Tracy “Royce of Real Estate” on www.RoyceOfRealEstate.com/blog
 
Tracy is an Arizona Short Sale Realtor, Investor, Rehabber and Foreclosure Expert. She is also an avid blogger, vlogger, and consultant on all things Arizona Foreclosures.


  • Get Your Questions Answered Now

    A 15 minute phone call to discuss your situation to see how I can help you!

  • -
  • Should be Empty:
royce of real estate testimonial

You did the IMPOSSIBLE!

Hi Tracy, sorry took awhile to get this to you. I can't tell you how much stress we were under once the house went into foreclosure. All the mail, phone calls, and it made it more confusing because it seemed like there were alot of "what ifs" and people telling us they could help. I called you and we felt really good about how honest you were. You and your team took the time to answer every single question we had and what was best was the quickness everything got done. I get that Desert schools isn't easy to work with because I had been dealing with them and Ocwen for months on my own. The fact that now we don't owe any money and no taxes and they can't come after us for anything is, like you said, a miracel. I don't wish this stuff on anybody but I would be happy to recommend you guys to people that may need this type of hlep. Your welcome to use this written testimonial. Be blessed - M