Donna Harper Serving the Fraser Valley

604-530-4111

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Donna Harper
Office:604-530-4111
Toll Free:877-853-6786
Macdonald Realty 1st Pioneer
22424 Fraser Highway
Langley, BC
V3A 8N3 CA

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Wednesday, October 27, 2010

Using a Power of Attorney to Buy, Sell or Refinance Real Estate

Categories:Power of Attorney
The Spagnuolo Group of Real Estate Law Firms has written a great explanation on how to correctly use Power of Attorney when buying, selling or refinancing real estate.
 
"Power of Attorneys are frequently used with out of town or elderly clients, but there are some issues of which to be careful. 
 
It is not uncommon for clients to be away at the time they are closing a real estate transaction. In this situation there are a few options to ensure the transaction closes on time, one of them being the use of a Power of Attorney.
 
On this section of our website we discuss the pros and cons of using a Power of Attorney to sell, refinance or purchase a property.
 
In all of these situations we are assuming there are no trust issues between the person giving the Power of Attorney (the "Donor") and the person who is allowed to sign pursuant to the Power of Attorney (the "Attorney"), and all parties are acting in a professional manner. Giving a Power of Attorney to an untrustworthy person will result in serious difficulties."
 
Read further ....
http://www.bcrealestatelawyers.com/faqs/faq.htm#refinance
 
 
 
 
 
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