I need some help about Limited power of attorney real estate?
I am buying a house with my fiance and we will need to close together. However I am unable to close with him at the time, so I am wondering about a limited power of attorney form, and If I can buy one or get more information on this?
I need them to complete the transaction for me! Is this possible, based on this website linked below, I need to have the closing done this way.(http://www.kaktus.com/real-estate-forms/...
http://www.kaktus.com/real-estate-forms/...
2007-10-05 11:01:09 · 4 answers · asked by t1 1 in Politics & Government ➔ Law & Ethics
What you need is a special power of attorney limited to the real estate and mortgage loan transactions. The power of attorney will be recorded along with the mortgage in the land records of the county where the real estate is located.
Although there are numerous power of attorney forms on the internet, I would recommend that you have the assistance of an attorney in preparing one.
The Vermont Bar Assn has a form that could probably be tailored for your needs: http://www.vtbar.org/Upload%20Files/WebPages/Public%20Information/Power_Attorney_RealEstate%5B1%5D.pdf
2007-10-05 11:40:55 · answer #1 · answered by Mark 7 · 0⤊ 0⤋
I've done this a few times and although I am a lawyer, I have never gotten one of my power of attorney documents past the title company. So, if you've found the house, find a title company and ask them for the form they'd like you to use. There's nothing worse than presenting a perfectly valid attorney-drafted power of attorney to be told by a non-attorney closing officer that it is not good enough.
2007-10-05 12:00:21 · answer #2 · answered by Toni E 1 · 0⤊ 0⤋
Why dont you make it easier on yourself and do a split closing. You close where you are at he closes where he is at. Its not a problem to split the paperwork. You close in Texas he closes in California. Its not an issue we do it all the time. Nobody cares, besides maybe you and your fiance. There are certain things that he wont be able to sign, especially in utah. Regardless of the power of attorney. One being the Note. So you have to come back and sign that anyway. Why dont you just make it easy on yourself and split the closing? There only has to be one escrow/title company. The other is just an affliate title company.
2016-05-17 06:01:59 · answer #3 · answered by ? 3 · 0⤊ 0⤋
When you are facing a lawsuit or litigation, look for attorneys who have the knowledge and experience to help you achieve your goals and fight for your interests in court.
Source: http://www.wagensellerlaw.com/
2014-08-04 19:21:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋