Sub 2 and power of attorney? - Posted by ct

Real Estate Investing
1

Posted by David Alexander on December 09, 2001 at 16:55:46:

when that mean ole boss of that corp you work for forces you to go to places like the Bahamas to get your business done.

I second what Terry said get the POA from the sellers…

David Alexander

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Sub 2 and power of attorney? - Posted by ct

Posted by ct on December 09, 2001 at 15:32:23:

My seller is got married yesterday and already has a house in the bahamas.He’s not behind on payments or anything he just wants out-it’s a good deal for both of us!!!Heres the catch,we were suppose to sign docs on friday but he was running late and had his now wife called me to tell me that if they couldn’t do it today (sunday)than his father has power of attorney anyway and could sign docs for him.they’re leaving for the bahamas today!!!Have any Of you ever dealt with this?What should i do?thanks

3

Re: Not sure about your state, but - Posted by Ed Copp (OH)

Posted by Ed Copp (OH) on December 09, 2001 at 20:05:14:

in my state the instant that a marriage takes place the new wife acquires an interest in the property. So if you did not get it signed over to you before the marriage then the new wife will also have to sign the deed (to you). That is how it works in Ohio, may not be the same where you are, but worth checking out.

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Re: Sub 2 and power of attorney? - Posted by Terry (Houston)

Posted by Terry (Houston) on December 09, 2001 at 16:24:27:

  1. If you can do it today get over there. Makes life a whole lot easier.

  2. If not get a copy of the POA from the father when he signs everything.

  3. Remember that Fed Ex goes every where and the Bahamas should have a notary there.

  4. Your business could use the expense reduction so take your significant other on a business trip to the Bahamas :slight_smile:

Terry