One of the consequences of the Lockdown from the Coronavirus pandemic is the probability that more people will work from home. In cities that have high costs of renting/leasing and owning real estate, both employers and employees have learned that business can still be efficient without working from a high rise downtown. As a result, watch out for office space to be vacated, employees not traveling into the city, and some employees relocating out of the city.
If this happens, a business that caters to this new opportunity will find a new market niche. In the note selling business, for years we have given note sellers the option to close their transaction directly rather than meeting at a Title office. The note seller receives an overnight package of the closing documents, signs the required documents in front of a notary, overnights the docs back to the note buyer, and receives his proceeds by wire transfer, bank deposit, or mailed cashier’s check. Simple, less costly, efficient.
Two companies that have focused on this growing market are DocuSign and DocVerify. These firms provide online/at home document preparation and e signature. If you find yourself in need of this kind of service, you may want to check them out.
