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First e-home sale closes in Pennsylvania.


HomeSale Settlement Services, in collaboration with Simplifile, the Lancaster County Lancaster County is the name of four counties in the United States:
  • Lancaster County, Nebraska
  • Lancaster County, Pennsylvania
  • Lancaster County, South Carolina
  • Lancaster County, Virginia
 Recorder of Deeds Recorder of deeds refers to the government office tasked with maintaining a record of real estate ownership, as well as other deeds that provide persons other than the owner of a property with real rights over that property.  and the National Notary Association The National Notary Association is an American nonprofit organization which provides education to and about notaries public. It was established in 1957 by Raymond C. Rothman. [1] External links
  • National Notary Association website
 (NNA NNA National Notary Association (Chatsworth, California)
NNA National Newspaper Association
NNA Nissan North America Inc.
NNA National News Agency (Lebanon)
NNA Nebraska Nurses Association
), announced the first completely electronic home sale closing in Pennsylvania, revolutionizing the way residential and commercial real estate transactions are conducted and recorded in the Commonwealth.

The completely paperless transaction incorporates the fundamental and protective components of notarization using the NNA--developed Electronic Notary notary
 or notary public

Public officer who certifies and attests to the authenticity of writings (e.g., deeds) and takes affidavits, depositions, and protests of negotiable instruments.
 Seal (ENS[TM]) and National eNotary Registry[TM], which provide real-time authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.

(2) Verifying the identity of a user logging into a network.
 of a Notary's identity and credentials, greatly reducing the potential for fraudulent mortgage transactions. Electronic notarization improves the security and efficiency of real property transactions from the point of origination to recording, while reducing costs associated with examining and storing traditional paper-based documents.

"By taking the lead to make the first electronic closing achievable in Pennsylvania, HomeSale Settlement Services is single-handedly transforming how real property is transacted in the Commonwealth," said Timothy S. Reiniger, Esq., NNA executive director.

In February, the NNA, in partnership with the Pennsylvania Department of State and four of the state's recorders of deeds, launched the nation's first statewide system for eNotarization. Since January 31, the Department of State has authorized approximately 200 qualified Pennsylvania Notaries Public to perform notarizations on electronic documents, which are then recorded digitally by participating Pennsylvania county recorders.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:TECHNOLOGY
Publication:Real Estate Weekly
Date:Dec 6, 2006
Words:211
Previous Article:Stark Business improves with Third Eye.(TECHNOLOGY)
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