How Can A Power Of Attorney Be Used During A Real Estate Transaction?
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- čas přidán 2. 07. 2024
- A power of attorney is a legal document giving one person the power to act for another person. This person can have broad legal authority or limited authority to make legal decisions about the other person's property, finances, or medical care.
Every state has different laws around using a power of attorney, this information is based on the North Carolina laws. The first type of POA that we discuss is a Durable POA which grants this person Broad Powers when you are not able to accomplish certain tasks yourself.
Another type is a Limited POA. This allows you to designate another person to handle just ONE specific property for you. This would exclude them from having access to your bank accounts or other private information.
There are many different scenarios that you may need a POA, so watch this video to learn more about this option in a Real Estate Transaction.
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Thomas & Webber
514 Williamson Rd.
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Mooresville, NC 28117
704.663.1600
Real Estate Attorney Mooresville, NC
Closing Attorney Mooresville, NC
Ben Thomas - Real Estate Lawyer 31 years
Tiffany Webber- Real Estate Lawyer 5 years
Helping clients handle both residential and commercial real estate closings in Mooresville, NC.
Thank you so much for the information! I’ve learned a lot from the video ! Now I know how to help my clients !
Awesome. Thanks!
Very good information. One of my transactions involve a POA. Thank you for your video!
Thanks for watching!
Thanks for these videos, I’m a new Realtor in Miami, Fl. And my first closing this week will close with a POA. I’m glad you are explaining lots of terms and processes cause sometimes it can be confusing. Thanks
So glad I can help Allison
I’m standing in as power of attorney for a real estate closing and I was hoping to see how literally I would need to sign my name on the paper. Maybe some instruction for the person standing in would also be useful in this video.
Can you explain why POA can’t be used when someone has equitable interest in a property but sign POA to have you handle everything. Why is it considered self dealing?
I am from Missouri and I used the Durable power of attorney To take over my aunts assets including real estate money etc I had it notarized.. before-----------And didn't declare that to the County until after her death? Is that all right
I'm STILL ALIVE so NO ONE can make DECISIONS ON MY BEHALF only ME.
What happens without power of attorney?
The consequences of not having a lasting power of attorney
A deputy's application could be refused, so the council may be appointed instead. Your family will have to pay extra to apply for and maintain a deputyship. You may not be able to sell jointly held assets until the court appoints a deputy.
THE ONLY Power of Attorney I have EVER SIGNED.....
How long is a military POA good for?
Termination: A power of attorney is limited to a specific period of time or around a certain event, such as during the length of a deployment. The POA automatically expires when that time PERIOD or EVENT HAS CONCLUDED (ON MILITARYDEPLOYMENT).
AND SHE had NO KNOWLEDGE or KNEW where I had that MONEY STORED!! *I'm PRETTY SURE I had a SWISS MARKET ACCOUNT, only LORD KNOWS. YEAH I WAS MAKING money 💰 on the DOWN LOW LIKE THAT. ON EVERYTHING I LOVE ❤
I TOLD YOU I was SOAKING UP game FROM BEHIND THE SCENES.
A step-by-step booklet for you to get
Your game on track, not your wig pushed back
RULE NUMBER UNO, never let NO ONE know
How much DOUGH YOU HOLD cause you know The cheddar breed JEALOUSY 'specially If that man fucked up, get yo' ass STUCK UP. (Ten Crack Commandments BIG)
Don't use the WHITE COLAR TECHNICALITIES by SCREAMING my MENTAL HEALTH because it's TO CASH OUT and NOT CONTINUING this exhausting DAILY & NIGHTLY escapade.
Definitely NOT Cultural competence loosely defined as the ability to understand, appreciate and interact with people from cultures or belief systems different from one's own - has been a key aspect of psychological thinking and practice for some 50 years.
TRY AGAIN.....◄ Deuteronomy 7:3 ► DO NOT INTERMARRY with THEM. Do not give your DAUGHTERS to their sons or take their DAUGHTERS for your sons
*SO IT DOESN'T HAVE TO BE PART OF THE DESCISON PROCESS.