eSignature Legality for Memorandum of Understanding in United States

How to eSign a document: e-signature legality for Memorandum of Understanding in United States

i get a call from a title company hey pace we need you to remove your memorandum i'm like i'm sorry the lady was an absolute liar [Music] let's get to it caleb christopher one of my favorite people of all time what up caleb how you doing brother man hey quick question i've got a deal it's sub two the sellers would like to delay by a year i'm okay letting them do that because they're also offering to cover our out-of-pocket expenses but they don't want to sign an extension i have filed a memorandum of contract and i remember you said you did something like that can you remind me what it is you did to make sure that they didn't go around you with the memorandum i've done this multiple times i had a deal with actually a veteran so i felt really really bad in this situation so i get the house under contract i get a great deal on it husband and wife husband's a veteran people use that to their advantage as they should they use that as their advantage to try and get me to up on my price great negotiating tactic i paid the number that they basically really needed and this was a cash deal a week later one week later they then call and go you know what we've really changed our mind we really need to stay in the house and we're not going to sell it all anymore this is not exactly pertinent to your question but i'll tell you what i did i go no problem no problem that's not a problem at all here's what i'm going to do for you if you guys are willing to sign a five-year a five-year contract stating that if at any point you sell the house in the next five years to anybody but me you have to sell it to me first and then i can sell it to that person if at the end of the day you try and sell it she's like oh yeah of course she has no idea what a memorandum is she doesn't know what any of this stuff is she's like we're not selling pace we're staying in the house we just decided we're going to stay in the house i go no problem three months later caleb i get a call from a title company hey pace we need you to remove your memorandum i'm like i'm sorry this is here's the copy of the contract i have a five-year contract against the property the lady was an absolute liar what they did is they ended up having to buy me out of my contract basically went to the title company and said hey tell the other buyer to reach out to me i'll work out a deal with them what we ended up doing is i worked at a deal where they just cut me a check for 25 grand and i walked away so you want to protect your right obviously through a memorandum more importantly when you write your memorandum make sure you get something that states like here's my full agreement if you put a memorandum on a property without a copy of your contract the title company or the closing attorney can go around it without having to reach out to you but if you have a copy of your contract attached to it they have to read it and if they don't then you can go back to them and sue the title company who closed the transaction around you so make sure you get your memorandum put it on thank you [Music] you