Paperless Transactions

June 6, 2007



Nowadays when you go to many retail stores and you use your credit card, you sign on a small screen. For a number of years, electronic signatures have been proposed for your legal documents, real estate documents being one category.
Secure software has been developed and some cutting edge organizations are using the electronic technology.


Here at Century 21 Lois Lauer Realty we have not yet accepted the electronic signature technology, but we have made a giant step forward toward paperless storage of documents. Planet RE is a web based system that stores documents and provides access to the parties involved in a real estate transaction: buyers, buyers'agent, sellers, sellers' agent, escrow, lender, title and other parties as may have a need to view certain documents. Participants are given a password and receive authorization to view only the documents that pertain to their portion of a transaction. At the close of an escrow, a CD is prepared and now our buyers and sellers have a compact storage of the documents.


For those readers who may have used Planet RE to track their escrow, I would love to receive feedback as to how it aided you in following your transaction.