Are Federal RON Standards Coming?
When people buy homes, they have the deeds notarized and publicly recorded in the home’s city or county. Traditionally, people have always gone to the notary public in person. This is changing.
Since the Covid-19 pandemic disrupted in-person business, the world of real estate has accepted that home purchases and mortgage agreements can occur from a distance.
Remote online notarization (RON) uses an online platform to carry out a notarization, with the signer in one place and the notary in another. (Hence the word remote. Note that RON is one step beyond eNotarization, which uses an electronic form of notary seal, but happens in person.)
Just two years ago, remote technology for home purchases was considered futuristic and risky. Today, for many people, it’s enabling transactions when in-person meetings have to be placed on hold. It’s turning homeowning hopes into realities. The key reason it’s gaining acceptance? It’s safe.
Continue reading “Remote Online Notarization Wins Home Buyer Confidence”