Fannie OK’s e-signatures on REO offers - FORECLOSURE FRAUD

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Fannie OK’s e-signatures on REO offers

Fannie OK’s e-signatures on REO offers

YOU know exactly where this is going? How will they make sure your signature is not being e-forged & what happens to your siggy after the deal is over?

Note: Fannie is “hoping” this will reduce errors… what errors? Is a person not capable of writing their signature on paper documents? Next will be e-mortgages/e-notes.

Housing Wire-

Fannie Mae said it has made several changes to the offer process on its HomePath properties, including allowing electronic signatures on offer documents.

HomePath properties are the branded name given to REO homes owned and marketed by the government-sponsored entity.

Beginning this week, real estate professionals and homebuyers may now electronically sign offer documents on HomePath properties, the GSE said in a statement Tuesday. Local Realtors may also access Fannie Mae offer documents alongside the local sales contract in approved forms libraries available through their MLS and real estate association.

[HOUSING WIRE]

image: businesspundit.com

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One Response to “Fannie OK’s e-signatures on REO offers”

  1. Whoa! is this not giving a signature to any paper they choose to put our signature? This looks really dangerous to the party signing liability.

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