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Started By
Message
Power of Attorney Question
Posted on 3/20/15 at 8:38 am
Posted on 3/20/15 at 8:38 am
Wife and I are refinancing our home. She will be in Brazil at time of close and will not be close to US embassy so bank said she needs to give me power of attorney (Texas).
Who has done this before? Do we need to do anything besides print the form out and have it notarized? I see two different ones that look like they could work, Durable or General POA.
Thank you, MB.
Who has done this before? Do we need to do anything besides print the form out and have it notarized? I see two different ones that look like they could work, Durable or General POA.
Thank you, MB.
8
Posted on 3/20/15 at 9:40 am to Larry Gooseman
why don't you talk to the refi company to see what they require?
Posted on 3/20/15 at 9:45 am to Larry Gooseman
When I did it the last time, the title company prepared the forms, and my wife came in and signed in advance.
Posted on 3/20/15 at 10:22 am to Larry Gooseman
quote:
Do we need to do anything besides print the form out and have it notarized? I see two different ones that look like they could work, Durable or General POA.
DO NOT DO THIS.
Never ceases to amaze me that people think printing docs of the internet will always work.
Posted on 3/20/15 at 10:22 am to Larry Gooseman
Ask the bank or the title company to prepare the exact form for her signature. If they want to charge you, pay it. You don't want to screw it up yourself!
Posted on 3/20/15 at 10:22 am to tigerrocket
quote:
When I did it the last time, the title company prepared the forms, and my wife came in and signed in advance.
This
Posted on 3/20/15 at 10:29 am to TigerDeacon
quote:
DO NOT DO THIS.
Never ceases to amaze me that people think printing docs of the internet will always work.
To be fair, the few times I've drawn up Powers of Attorney, this is basically all I did.
But, your point is well taken.
Posted on 3/20/15 at 10:34 am to Larry Gooseman
The title company may not accept your internet form. You need to check with them.
Posted on 3/20/15 at 11:25 am to Larry Gooseman
The worst part about a POA is signing for her and yourself at the closing.
Be prepared to write...
A bazillion times.
Be prepared to write...
quote:
Larry Gooseman
Sandra Gooseman by Larry Gooseman as attorney in fact
A bazillion times.
Posted on 3/20/15 at 11:44 am to Larry Gooseman
You need a specific or limited power of attorney. It only grants power of attorney for the real estate transaction. The title company or closing attorney should be able to draw one up for you.
Posted on 3/20/15 at 11:55 am to Clyde Tipton
quote:
quote:Larry Gooseman Sandra Gooseman by Larry Gooseman as attorney in fact A bazillion times.
My hand hurts thinking about that.
Posted on 3/20/15 at 12:49 pm to Larry Gooseman
Just go to a notary public and have it drawn up. Limited POA....I did this with my siblings to sell our parents' home. Much cheaper than an attorney, and they know what they are doing.
Posted on 3/20/15 at 1:00 pm to Larry Gooseman
quote:
My hand hurts thinking about that.
You can get a stamp made "by Larry Gooseman as attorney in fact" and just sign your name twice.
You'll have to decide if the cash is worth it.
Or, even better, tell the title company to print the forms out that way.
(That's completely free advice, by the way).
This post was edited on 3/20/15 at 1:01 pm
Posted on 3/20/15 at 1:03 pm to slaphappy
quote:
Just go to a notary public and have it drawn up. Limited POA....I did this with my siblings to sell our parents' home. Much cheaper than an attorney, and they know what they are doing.
they'll tell you they know what they're doing....
Posted on 3/20/15 at 2:05 pm to Clyde Tipton
quote:
Larry Gooseman
Sandra Gooseman by Larry Gooseman as attorney in fact
This^ eleventy billion times.
Plus, pics of wife, preferably in Brazil.
Posted on 3/20/15 at 3:39 pm to Clyde Tipton
quote:
Be prepared to write...
quote:
Larry Gooseman
Sandra Gooseman by Larry Gooseman as attorney in fact
A bazillion times.
Or the title company can notify the mortgage company there will be a POA; in which case the mortgage docs will show Sandra Gooseman, by Larry Gooseman as agent and attorney-in-fact under the signature line. Then you will only need to sign your name, not the AIF portion.
This post was edited on 3/20/15 at 3:40 pm
Posted on 3/20/15 at 4:22 pm to Larry Gooseman
Consult your title attorney
Posted on 3/20/15 at 4:38 pm to tigerrocket
quote:
When I did it the last time, the title company prepared the forms, and my wife came in and signed in advance.
same here, it took less than 2 minutes, she read it and signed it
Posted on 3/25/15 at 11:06 am to NEWBIE
quote:
Or the title company can notify the mortgage company there will be a POA; in which case the mortgage docs will show Sandra Gooseman, by Larry Gooseman as agent and attorney-in-fact under the signature line. Then you will only need to sign your name, not the AIF portion.
Not necessarily. Although that is perfectly legal, most of the mortgage companies now require that the agent sign all that script on every signature. It is stupid, time consuming and irrational, but it is what has to be done.
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