Realtors welcome at auction site bidEup

Electronic signatures, documents create binding sales

A new online auction site claims it will be the first to facilitate legally binding sales, by authenticating users and allowing the use of electronic signatures and documents so contracts can be executed digitally.

Bethesda, Md.-based bidEup will accept only those properties listed by licensed real estate agents or owned by financial institutions or government agencies, and requires bidders to show they have cash or financing from a lender.