Below is a list of the most common customer questions. If you can’t find an answer to your question,
please don’t hesitate to reach out to us.
Can you electronically sign legal documents?
The DESIGN Act is a federal law passed in 2000. It grants legal recognition to electronic signatures and records if all parties to a contract choose to use electronic documents and to sign them electronically. No contract, signature, or record shall be denied legal effect solely because it is in electronic form.
How do you make an electronic signature legally binding?
For an electronic signature to be legally binding under the DESIGN Act, it is recommended that all electronic signature workflows include: Intent to sign. Similar to ink signatures, a signer must show clear intent to sign an agreement electronically.
What makes a digital signature legal?
Digital signature or standard electronic signature is actually a coded, encrypted, legally binding digital footprint. The digital signature is made of unique encoded messages one for each signee that join together to make a complete, legally binding, standard electronically signed document.
Can you electronically sign closing documents?
Your real estate agent may email you a scanned copy of your closing documents, as a PDF attachment. You don't have to print the PDF to sign your refinancing or real estate documents. Make your life easier by electronically signing them even from your phone. Use the same process for electronically signing a Word document.
What can go wrong at closing?
Issue #1: Liens or debts clouding up your title Outstanding county or property taxes, personal bankruptcies, divorce decrees, or contractor liens against your house are all examples of title issues that could pose a delay. Overall title issues account for 11% of closing delays and may come to you as a surprise.
What does seller need to do before closing?
You don't need to bring much to the closing: usually just a government-issued photo ID, the keys to the property, and any outstanding documents and paperwork your attorney or escrow agent instructs you to bring. These may include documents showing you've completed all repairs requested by the buyer.
How does a remote closing work?
A remote closing works exactly as the name describes. Before your closing date, your real estate agent would send you physical copies of the contract and addendums. You'd read through them and sign them, usually in the presence of a notary public. Your agent will take the paperwork to closing in your place.
The buyer receives the keys, and the seller receives payment for the home. From the amount credited to the seller, the closing agent subtracts money to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed, and filed with local property record offices.
Can a digital signature be typed?
Elaborating on Electronic One of the most commonly used electronic signatures today is the Text Typed signature; meaning that one has used a keyboard to type their name, with the intent to sign something. Although Text Typed is the most common, electronic signatures are not limited to this method.
Is an image of a signature legally binding?
Obviously, you cannot just take a picture of your signature on a piece of paper, crop it, and paste in your documents to use it for making the documents legal; this method will not provide any decent level of evidence as someone else can easily copy-paste it from your document to another document.
What makes an electronic signature legal?
Under the DESIGN Act, an electronic signature is defined as an electronic sound, symbol, or process attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record. In simple terms, electronic signatures are legally recognized as a viable