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Home | News | Foreclosure | BofA Accepting E-Signatures on Most Preapproved Short Sale Docs
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BofA Accepting E-Signatures on Most Preapproved Short Sale Docs

""Bank of America"":https://www.bankofamerica.com/ announced Monday electronic signatures are now accepted on most preapproved short sale documents.

Agents who initiate a short sale without an offer and participate in the ""Home Affordable Foreclosure Alternatives"":http://www.makinghomeaffordable.gov/programs/exit-gracefully/Pages/hafa.aspx (HAFA) or the bank's ""Cooperative Short Sale"":http://homeloanhelp.bankofamerica.com/en/cooperative-short-sale.html program can submit documents using an electronic signature, the bank explained.

Whether its for an approval letter or third party authorization form, e-signatures are now an acceptable standard. The full list of documents where e-signatures can be used is available ""online"":https://agentresources.bankofamerica.com/content/document/ss_AgenteSigReferenceGuide.pdf.

BofA's Deed in Lieu (DIL) and Real Estate Owned (REO) divisions also accept e-signatures.

About Author: Esther Cho

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