Witness Signatures on Agreements of Purchase and Sale

These days, many offers are submitted to buyers and sellers at their homes via email and one of the common situations we run into is the lack of a witness being nearby to sign.  In the past, it was generally not considered to be a problem as parties are signing under seal however, that has changed.

witness

With the increase in identity theft, mortgage fraud and other such situations, financial institutions are becoming far more stringent in requiring that signatures be witnessed.  While it is not required by law to make an agreement binding, the absence of such a signature can lead to more complications and additional paperwork down the line, especially where a mortgage may be involved.

Real estate buyers and sellers are well advised to ensure they get a witness to verify their signatures failing which, they should discuss the other options available with their REALTOR®.


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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Thursday, August 29th, 2013 at 11:22 am and is filed under Buying Real Estate, Selling Real Estate, This and That. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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