Paperless transactions fast, economical — and rare

Part 1: Paperless NOW ... or never?

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Editor's note: We've come a long way in the race to slash paper from real estate deals, industry insiders say, but there's still a long way to go. More big companies, trade groups and entrepreneurs are investing in technology platforms, back-end systems and software to automate the real estate transaction, but most consumers are still closing the old-fashioned way. In this three-part series, Inman News examines where we are in the paperless real estate initiative. (See Part 2 and Part 3.) The paperless real estate transaction promises to save money, speed up closings and make buying a house easier and simpler. Why, then, are so many transactions still paper-laden? "Paperless by 2000," read the headline in a 1997 Inman News story -- but it's 2006 and consumers still find themselves faced with a stack of papers to sign at the closing. A number of factors are responsible for the bottleneck, industry figures say. Go to to learn more about the Paperless NOW initia...