Providing a clear Foreclosure Disclosure Statement reduces dispute risk, documents required notices, and ensures parties understand amounts due and cure deadlines. For lenders and servicers, it supports compliance with state notice laws and federal principles under ESIGN and UETA when delivered electronically.
Typical users include mortgage servicers, trustees, secured creditors, borrowers, and attorneys involved in the foreclosure process.
Other stakeholders include housing counselors, bankruptcy trustees, and court clerks when judicial steps or filings are involved.
| Field | Configuration |
|---|---|
| Autofill and Templates | Use templates and Magic Fields to auto-populate borrower and loan data. |
| Routing and Roles | Set signer order and role-based access for trustees and borrowers. |
| Authentication Methods | Choose email, SMS code, or knowledge-based verification. |
| Document Retention | Specify retention period, export formats, and audit trail storage. |
Provide line-by-line amounts for principal, interest, late fees, escrow shortages, attorney fees, and other costs. Include calculation dates and formulas to allow independent verification and avoid post-notice disputes over balances.
Insert required state-specific disclosures, right-to-cure language, and any federally mandated notices. Ensure notices meet method and timing requirements under applicable state statutes and ESIGN/UETA when delivered electronically.
List lender, servicer, trustee, and legal counsel contact information with mailing, phone, and email. Accurate contacts reduce delays in cure or loss mitigation and are often required for valid service of process.
Display timelines for notice, cure period, sale dates, and statutory redemption. Clearly identify deadline dates and the calculation method so parties can determine rights and avoid missed opportunities to reinstate.
Include signature and date fields for borrower, authorized servicer, and trustee. Note when notarization or witness signatures are required and provide space for notary acknowledgements or jurat blocks.
Attach or generate a detailed audit trail capturing timestamps, IP addresses, signer authentication method, and document history. Maintain tamper-evident copies to meet evidentiary standards in court or regulatory review.
Mail or post notice per state statute; service method affects start date.
Specified time to reinstate mortgage before sale; varies by state.
Public sale scheduled after required notices; may be postponed.
Statutory right to reclaim property post-sale where applicable; state-dependent.
Keep copies of notices, calculations, and service proofs for required retention.
Verify each signer's legal name and authority to sign.
Request government-issued ID for identity proofing.
Notary must witness signature physically or via RON as allowed.
Add witness signatures where state law or county requires.
Complete acknowledgment or jurat with venue and official wording.
For RON, retain audio‑visual recording per state rules.
Notary logs transaction, signer ID, and fee in official journal.
Attach proof of service, certified mail receipts, or filing stamps.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No envelope cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |
Delivery options for electronic Foreclosure Disclosure Statements include email links, secure portals, RON notarization, and certified mail where required by statute.