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Louisiana Power of Attorney for Purchase of Real Estate by Agent for Principal

State:
Louisiana
Control #:
LA-741-M
Format:
Word; 
Rich Text
Instant download

Description

This is a power of attorney or mandate containing express authority to purchase specified immovable property for a price not to exceed a specified amount, and to make a mortgage loan on the property purchased.
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FAQ

The person named in a power of attorney to act on your behalf is commonly referred to as your "agent" or "attorney-in-fact." With a valid power of attorney, your agent can take any action permitted in the document. Often your agent must present the actual document to invoke the power.

The ordinary process for other documents such as letters, forms or general legal documents is that you write 'p. p' before your signature, to demonstrate that you are signing for someone else. This will show the reader that you've signed with the authority of the intended signee.

Requirements for Power of AttorneyLouisiana requires that all of your documents are notarized. Even copies of the power of attorney must be certified through the original document. It does not matter if your wishes will be executed in Louisiana or out-of-state.

Signing as a Power of Attorney You can sign the person's name first, then follow it with "by your name under POA." Or, you can sign your own name first, then identify yourself as "attorney-in-fact for the person's name for whom you are attorney-in-fact.

After the principal's name, write by and then sign your own name. Under or after the signature line, indicate your status as POA by including any of the following identifiers: as POA, as Agent, as Attorney in Fact or as Power of Attorney.

Most states do not require a POA to be in writing in order to be effective, except in specific cases established by statute.As a result, most POAs can be executed electronically with or without authorization under the eCommerce laws, since there is no writing or signature requirement to begin with.

After the principal's name, write by and then sign your own name. Under or after the signature line, indicate your status as POA by including any of the following identifiers: as POA, as Agent, as Attorney in Fact or as Power of Attorney.

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.

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.

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Louisiana Power of Attorney for Purchase of Real Estate by Agent for Principal