In the age of technology, even a signature on a document can be added by a computer program. HOWEVER, FHA along with many of the large investors requires that the signatures of both buyers and sellers on all initial and final documents such as the contract and final settlement statement be "LIVE" or "WET". Please keep this requirement in mind, especially when you are dealing with corporate sellers in the case of REO properties. If you know ahead of time that a live signature is needed, it can help prevent delays to the closing process.
Information courtesy of Sherri Buttler, Sun American Mortgage, 480-467-1088, Mesa Arizona.
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