Not Using e-Signatures? Here’s Why You Should

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  1. I’m using electronic signatures more than I thought, but there are some downsides.

    1. Some banks won’t allow them (short sales and REOs).
    2. For the first contract signing with a client it’s harder to go over the contract with the client if you are not there in person.
    3. It’s not 100% clear that the federal statute allowing electronic signatures would apply to every real estate transaction. If you had to fall back on state law, Docusign and such do not comply with Washington state law, and so possibly would be ineffective.

  2. ATTORNEYS (many) Will not accept esignatures. There is still a lot of resistance..
    in using all electronic sigs. Happy I know the traditional transaction as it will still prevail-so say the powers to be.

  3. Kathy Fuhriman

    Docusign is troublesome as it allows for a signature and date but no time stamp. I have recently been involved in a contract where parties use Dotloop which does place the signature and/or initials with a date and time stamp all together.

  4. Can’t handle dot loop.
    Like Authentisign.

  5. Stephanie

    Kathy, Docusign does allow for a time stamp. Give their tech dept a call and they will walk you through setting it up. I recently did.

  6. Tee B

    So far I havnt had any issues with docusign. I have not come across a situation where electronic signatures wernt accepted.
    I havnt touched a paper contract in a year, I docusign contracts from my car and on vacation. You can add a time stamp and copy yourself in email for time stamp and date.

  7. Matt Rositano

    Dotloop is a far superior product to docusign. I’ve used both and now I’ve been using Dotloop exclusively for all my deals for the past year.