In the near future, 100 percent of all documentation needed to purchase or sell a home will be filled out online using electronic-signature capabilities. Everything -- including your mortgage application, mortgage commitments, promissory notes, mortgages, deeds, title commitments, title insurance, agreements of sale, HUD-1 forms, etc., will be paperless.
The demand for this will increase as the world goes "green" and consumers better understand how going paperless will help our environment and cut operational costs. It's comparable to clean energy, in the fact it is currently more expensive to initially implement but over the long term it will save you money and help protect our environment. Every party involved, from the buyer and seller to the businesses who provide real estate services, will expect this paperless technology as the norm. more...
