Method and system for managing and preparing documentation for real estate transactions

A method of using a computer to facilitate a real estate transaction comprising:

• inputting into said computer first party information identifying a first party who has an ownership in a real estate property;
• inputting into said computer second party information identifying a second party seeking to purchase said property;
• inputting into said computer property information identifying said property;
• inputting into said computer terms of sale, comprising the conditions that must be satisfied before said real estate transaction is complete;
• maintaining in said computer a plurality of form documents, said form documents each including at least one field corresponding to parts of at least one of said first party information, said second party information, said property information and said terms of sale;
• preliminarily compiling on said computer at least one of said form documents, wherein said preliminarily compiled at least one form document includes parts of said at least one of said first party information, said second party information, said property information and said terms of sale, integrated into substantially all fields contained in said at least one of said form documents;
• displaying said preliminarily compiled at least one form document to at least one of said first party and said second party;
• inputting into said computer at least one signature indicating an approval of said preliminarily compiled at least one form document by said at least one of said first party and said second party, said at least one signature comprising a digitally encrypted signature of said at least one of said first party and said second party who has approved said preliminarily compiled at least one form document;
• finally compiling on said computer said preliminarily compiled at least one form document after it has been approved by said at least one of said first party and said second party, wherein said finally compiled at least one form document includes a de-encrypted version of said at least one signature;
• outputting from said computer said finally compiled at least one form document;
• inputting into said computer a digitally scanned image of at least one ancillary document, and
• outputting from said computer said at least one ancillary document in conjunction with said at least one finally compiled at least one form document;
• wherein said finally compiled at least one form document comprises documents needed to pass title of said property;
• wherein said second party information comprises financial information relating to the funds that will be used to purchase said property, said financial information comprising loan information identifying at least one financial institution lending said funds for said purchase of said property;
• wherein said plurality of form documents comprises documents required by said at least one financial institution before it will lend said funds for said purchase of said property;
• and
• wherein the steps of inputting first party information, second party information, and property information does not include the redundant input of any parts of the information, relating to the respective said first party, said second party and said property.