Power Of Attorney Real Estate Closing Form

State:
Louisiana
Control #:
LA-5450
Format:
Word; 
Rich Text
Instant download

Description

This is an example of a special power of attorney assigned by one person to another for the purpose of executing an act of sale of real estate. A special power of attorney allows a person to give only specific powers to the person he or she appoints as an "Agent.” A special power of attorney is often used to allow the Agent to handle specific situations for someone who is unavailable or unable to do so. For example, a person may be traveling outside the state or country, or may be unable to handle a specific situation because of other commitments, or health reasons.
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FAQ

Those appointed under a Lasting Power of Attorney (LPA) can sell property on behalf the person who appointed them, provided there are no restrictions set out in the LPA. You can sell your mother's house as you and your sister were both appointed to act jointly and severally.

Transferring the legal right to buy or sell property for another can be performed by granting power of attorney (POA) to specific individuals or corporations. If someone holds power of attorney, he or she has the legal authority to act in specific ways for another person, such as buying or selling real estate.

A power of attorney is an important document that sometimes shows up in real estate transactions. It can allow someone else to act in your place to purchase, sell, finance or refinance a home. A power of attorney, says the Florida Bar Association, is a legal document delegating authority from one person to another.

Price on application (sometimes price on asking), more commonly abbreviated as POA, is a term often seen on price lists, classified advertisements and is commonly used with regard to real estate prices. It means the seller or selling agent must be contacted in order to obtain the price.

Price on application (sometimes price on asking), more commonly abbreviated as POA, is a term often seen on price lists, classified advertisements and is commonly used with regard to real estate prices. It means the seller or selling agent must be contacted in order to obtain the price.

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Power Of Attorney Real Estate Closing Form