Maryland Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller
About this form
The Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller is a legal document that allows a seller to appoint an attorney-in-fact. This person will be authorized to act on the seller's behalf to execute all necessary documents related to the sale of a specific parcel of real estate. This form is essential for sellers who cannot be present for the transaction, ensuring that the sale can proceed smoothly while safeguarding the seller's interests. Unlike a general power of attorney, this form is limited specifically to real estate sales transactions.
Key components of this form
- Identification of the principal (seller) and the attorney-in-fact
- Legal description of the property for sale
- Specific powers granted to the attorney-in-fact, including executing documents and receiving funds
- Notarization section to validate the document
- Witness attestation section to ensure lawful execution
When to use this document
This form should be used when a seller of real estate needs to authorize someone else to manage the sale process on their behalf. Common scenarios include situations where the seller is unavailable to attend the closing due to travel, health issues, or other commitments. It is also useful when the seller wishes to delegate the sale responsibilities to a trusted individual or professional.
Who this form is for
- Sellers of real estate who cannot attend the closing personally
- Individuals looking to appoint a trusted person to handle their real estate transactions
- Property owners involved in complex sale situations requiring legal representation
Instructions for completing this form
- Identify and fill in the name and address of the principal and the attorney-in-fact.
- Clearly describe the property being sold, including its address and legal description.
- Specify the powers being granted to the attorney-in-fact, ensuring they align with your wishes.
- Sign and date the document in the presence of a notary public to ensure legal validity.
- Have two witnesses sign the document to attest to its authenticity.
Does this document require notarization?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
Mistakes to watch out for
- Failing to accurately describe the property, which can lead to legal disputes.
- Not having the document notarized, making it invalid in many jurisdictions.
- Omitting signatures from witnesses or the attorney-in-fact.
- Not specifying the exact powers granted, which can limit the effectiveness of the document.
Why complete this form online
- Convenient access to the form at any time without the need for in-person visits.
- Editable templates that allow customization according to your specific situation.
- Reliability of professionally drafted forms reviewed by licensed attorneys.
Form popularity
FAQ
Signed by the principal (or some other person, in the presence of the principal, and at the express direction of the principal); AND. Acknowledged by the principal before a notary public; AND. Signed by two or more adult witnesses who sign the power of attorney in the presence of the principal and each other.
General Power of Attorney. Durable Power of Attorney. Special or Limited Power of Attorney. Springing Durable Power of Attorney.
The non-durable power of attorney is used only for a set period of time and usually for a particular transaction in which you grant your agent authority to act on your behalf. Once the transaction is completed, or should the principal become incapacitated during this time, the non-durable power of attorney ceases.
Draft a list of special powers. Decide what powers are springing. Pick an agent and a successor agent. Note the expiration date. Compile the information into one document. Execute the power of attorney letter.
Choose the limited power of attorney made for your state. Input personal information about both the principal and the agent or attorney-in-fact. Explain the powers of the agent. Include the date the limited power of attorney expires or will be revoked.
Choose the limited power of attorney made for your state. Input personal information about both the principal and the agent or attorney-in-fact. Explain the powers of the agent. Include the date the limited power of attorney expires or will be revoked.
What's the difference between durable and general power of attorney? A general power of attorney ends the moment you become incapacitated.A durable power of attorney stays effective until the principle dies or until they act to revoke the power they've granted to their agent.
Step 1: Bring Your Power of Attorney Agreement and ID. Step 2: Determine the Preferred Signature Format. Step 3: Sign as the Principal. Step 4: Sign Your Own Name. Step 5: Express Your Authority as Attorney-in-Fact. Step 6: File the Documentation Somewhere Safe.
The durable power of attorney is almost always required. This instrument gives another person specific powers to sign for an individual in a real estate transaction where the exact name and description of the property is stated in the document.
