HUD/FHA ENDORSES ELECTRONIC SIGNATURES!

8 04 2010

I just read an email from my e-sign service (EchoSign) informing me of the great news!  I will just give 3 reasons rapid fire off the top of my head why this is a HUGE move towards a better tomorrow in FHA related real estate transactions:

1. LESS PAPER!

2. EFFICIENCY!

3. CONVENIENCE!

Here is the post on the EchoSign blog about FHA/HUD allowing electronic signatures and showing a copy of the letter from the US Department of Housing and Urban Development.  (FYI, I am not related to the Assistant Secretary for Housing, David H. Stevens.)

What this means to YOU as an FHA homebuyer

You will now be able to sign contracts ON YOUR SCHEDULE, DO AWAY WITH EXCESSIVE PAPERWORK and have FASTER RESPONSE TIMES.  Contract signing will be done through email with the click of a button and stored securely on the e-signature service’s server, as well as copies emailed to you in pdf form once signed and filed.  The process in real time, about 5 minutes (unless you haven’t had time prior to signing to read the contract).

In other words, you will be signing contracts more efficiently and conveniently, while “going green” at the same time.  Of course, your Realtor has to be a part of one of these services.  If I were home shopping, I would make this a requirement of my Realtor.

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Top 3 [Not so Pricey] Phoenix Pads, 2nd ed.

19 10 2009

Week 2 of the [not so pricey] list!  I started this series a couple weeks ago, as sort of a spin off of the “priciest homes” segment in the AZ Republic.  So, instead of posting just the most expensive homes that sold this week, I tell you the best deals in that upper stratosphere of housing ($3MIL+) based on price per square foot, location and lot size, and personal taste.  However, since the high end $3MIL+ market isn’t moving too fast (more like a snail’s pace), I am going to juggle between 3MIL+ and $1-3MIL.  Without further adieu, I present this week’s Top 3 [Not so Pricey] Phoenix Pads, $1-3 Million style.

4235980 STATS– built in 2008 on a .81 acre lot.  6,716 sq ft, 6 bedrooms, 6.5 baths, heated pool and spa, main house + 700 sq ft guest casita, and a great location near 64th St and Shea in the 85253 zip code.  Sold for $1.39MIL, or $206.97 per sq ft on September 30, 2009.

4231195 STATS-built in 1975 on a .9 acre lot.  5,599 sq ft, 4 bedrooms, 3.5 baths, in ground spa, diving pool overlooking the city, on a superb mountainside lot basically on Camelback Mountain.  Organic contemporary design with outstanding 180 degree views through walls of glass.  This beauty sold for $1.15 Million or $205.39/sq ft on October 5, 2009.

4234192 STATS– built in 1992 on 1.02 acres.  5,000 sq ft, 4 bedrooms, 3.5 baths, heated pool and spa, entertainer’s backyard with built in BBQ, right on the Camelback Country Club Golf Course.  Architecture and materials are typical for the time period, but they don’t look bad, and the location sets it off!  Golf course lot near the heart of Scottsdale!  Sold for $208/sq ft totaling $1.04 Million on September 30, 2009.


What are your thoughts on these homes? Think I should have put a listing on here that I didn’t?  Let me know how you feel!

Colin Stevens

check out my entire Pricey Pads Series!