Power of Attorney - Posted by Gene

Real Estate Investing Real Estate Law
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Posted by Gene on March 07, 2007 at 10:31:38:

Good call I will ask the Title company for thier POA so they are comfortable with it.

As far as shipping the docs…I am going to be in the backcountry so I will not even have acess to a fax. I always take my sat phone.

Thanks
Gene

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Power of Attorney - Posted by Gene

Posted by Gene on March 06, 2007 at 22:54:57:

I am going on vacation for a month and I have a couple houses that are in escrow (and a couple that I hope will be soon ;>). Anyhow the title company is behind schedual getting me some of the paperwork that I need to sign before I leave.

Is it possible to give my wife “power of Attorney” over these properties while I am gone? So she can finish the closing.

Is it as simple as filling out the form and getting it notorized?

Gene

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Re: Power of Attorney - Posted by Natalie-VA

Posted by Natalie-VA on March 07, 2007 at 10:04:48:

Gene,

I assume you’re selling, not buying. Anyway, the title company that is doing the closing should be able to get you the POA that they require, but I prefer to review the docs myself. Where I am, the only one that needs to be an original notarized signature is the deed. I will normally sign the deed before I leave town and then do the rest via fax and/or email. I have an account set up with myfax.com for $10 per month to make it easier for me.

–Natalie

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Re: Power of Attorney - Posted by dealmaker

Posted by dealmaker on March 07, 2007 at 07:33:14:

You also have to make sure that whoever you designate and the format are acceptable to the other party(ies). A POA is giving permission for someone else to act in your behalf, it doesn’t compel third parties to accept their actions.

I often take week long (skiing) vacations without my wife. I think for a month I might want to have the docs shipped to me wherever I might be, just in case, LOL.

dealmaker

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Re: Power of Attorney - Posted by Gene

Posted by Gene on March 07, 2007 at 10:33:52:

Yea, Ill make sure they get the Deeds prepared before I leave. And get a POA from them.

The only form of communication I will have is my Sat phone. I am going into the backcountry so I will not have acess to fax or internet.

Thanks
Gene