Real Estate Transactions and Powers of Attorney for Property
Buying or selling your home can be stressful. Sometimes, attending the closing can feel more of an inconvenience than a need. Luckily, there are legal documents available to you so that you do not need to be present at the closing on the property. This can provide you with more time to pack, move, or even attend other needed activities. This legal document is known a Power of Attorney for Property.
A Power of Attorney for Property allows someone to step into your shoes to sign documents. The person granting the authority is known as the principal, while the person stepping into your shoes for you is known as the attorney in fact. A Power of Attorney for Property can be as general or limited as needed. It is recommended in the case of a real estate closing; this document be limited. This means, that your power of attorney would only be allowed to sign documents on behalf of you which are limited to the real estate transaction. Many times, it has a clear end date in which upon a successful closing the power of attorney ceases.
When you buy or sell a home you should look for an attorney who is familiar with creating Powers of Attorney for Property as well as being well versed in real estate law. Contact the Law Office of Andrew Szocka, P.C. for any assistance.