"Wet" signature: What in the world is that?

By
Real Estate Broker/Owner with Riverbend Realty, Cape Girardeau, MO
http://actvra.in/4dr

Buyers know that some real estate transactions must be notarized. You would expect the signing of a deed, for instance, to require notarization, but you may not be familiar with the term "wet" signature. That term simply means that an Sailor in stormoriginal document is required, and the signature usually must be in blue ink. When wet signatures are required, even a color copy will not suffice.

Many, probably most, home purchase contract documents now are passed back and forth between buyer and seller via fax or email. Any institution or seller who will accept faxed or emailed documents is one that does not require a wet signature. Most states now accept faxes and emails as legal documents and no longer require originals. There are some notable exceptions, however, and HUD is probably the most prominent.

If you are buying a HUD home, your agent will be required to send original documents to HUD, usually via overnight delivery. Documents will have to be printed in color and all signatures must be in blue ink. Once the original document is received and signed by HUD, subsequent documents, such as amendments, can usually be faxed or emailed.

The irony of HUD's demand for wet signatures, though, is that HUD now emails the signed document back to the real estate agent, rather than over-nighting a signed contract. Don't expect a wet signature back from HUD!

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Show All Comments
Rainer
55,852
Andres Munar
Semper Home Loans - State College, PA
Your 24/7 Loan Officer, Mortgages in State College&All 50 States

interesting term. I'm a notary as well and have never heard of a wet signature just dry closings.

Jan 11, 2011 10:48 PM #1
Rainer
143,700
Victor Zuniga
Berkshire Hathaway Home Services California Properties - San Diego, CA

The term is a bit confusing to clients but once you explain it they get the idea behind it. They also understand that documents requiring this need the up most attention and speed in returning them to their agent.

Jan 11, 2011 10:52 PM #2
Rainmaker
263,632
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Andres~Unfortunately, I've also heard of dry closings! In fact, my very first closing was dry. Talk about disappointing...

Jan 11, 2011 10:59 PM #3
Rainmaker
263,632
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Good point, Victor. Buyers who know the docs are going to have to be over-nighted do feel a sense of urgency. Thanks.

Jan 11, 2011 11:00 PM #4
Rainmaker
289,811
Kate Bourland
Marketing with Kate - Redding, CA
Onlilne Marketing Mobile Marketing

A throw back to the old days.  Thanks for sharing this information.  

Jan 11, 2011 11:02 PM #5
Rainmaker
263,632
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Kate~The fact that HUD does not send original contracts back after they have signed them still has me stumped, though.

Jan 11, 2011 11:06 PM #6
Rainer
28,152
Christopher Taylor
Corpus Christi, TX

Very interesting.  Would never have know what this term meant, except that perhaps the ink was still wet.

Jan 11, 2011 11:07 PM #7
Rainer
36,056
Brad Hornshaw
Brad Hornshaw Realtor Lynnwood, Bothell, Everett - Lynnwood, WA
Realtor, Listing Agent, Buyers Agent, Investments
Liz Yes have been going over Hud stuff this week and think it funny there strictness of original documents in blue ink, but in return not the same standard. I wonder what they would think of a nice aqua blue ink LOL.......Brad
Jan 11, 2011 11:08 PM #8
Rainmaker
263,632
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Christopher~Sometimes the signature is still a bit wet when the docs get shoved into the envelop just in time for the Fed Ex or UPS pick-up!

Jan 11, 2011 11:15 PM #9
Rainmaker
263,632
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Brad~The HUD stuff would not be so bad, if I could just get it right the first time. It seems that something is always wrong on one or more pages...

Yeah, aqua does sound like a nice touch!

Jan 11, 2011 11:16 PM #10
Rainmaker
424,130
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

Liz, I have never heard of this term, wet signature, before.  I do know about the blue ink for the HUD contracts, though:)  I am sure, that in time, their rules will change to meet with the internet world.

Jan 12, 2011 09:44 AM #11
Rainmaker
263,632
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Frances~ The term is probably not as common now as it used to be, especially given the fact that most sales do not require original contracts.

Jan 12, 2011 11:33 AM #12
Rainmaker
996,108
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Liz:  this is a great post, and I have hit the "suggest" button on it.  From all I know about the requirements for notarizing something... the notary is swearing that the signature IS that of the person whose name is signed... and that the actual signing of it was done in the presence of the notary.  I know things are different sometimes from state to state... but with my dealing with notaries... that is what I have seen.

I think explaining the term to someone could easily be done by saying... "you know... a "wet" signature... as in "waiting for the ink to dry."

Jan 13, 2011 02:42 AM #13
Rainmaker
263,632
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Karen Anne~Thanks for the "suggest." Even the notary process has changed, with few notaries using the 3D punch. Mostly, now it's just a black ink stamp (with a blue signature). 

Jan 15, 2011 08:22 PM #14
Anonymous
Anonymous
lenny

very soon HUD is not going to allow signatures at all --- they will require the buyer and realtor to meet face to face at the HUD office in DC

Sep 06, 2012 06:17 PM #15
Rainmaker
263,632
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Lenny~FUNNY! I laughed out loud, so thanks!

Sep 07, 2012 11:40 AM #16
Anonymous
Anonymous
SillyWhabbit

You say, "The fact that HUD does not send original contracts back after they have signed them still has me stumped, though."

 

I say, "Could it be their own rules don't apply to them?"

 

Should they not follow their own protocol, if that is what is required? Seems only one side is "playing by the rules".

 

IMHO

Jan 09, 2013 02:31 PM #17
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Rainmaker
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Liz Lockhart

GRI, Cape Girardeau Real Estate
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