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Using a Power of Attorney in a Real Estate ClosingMoghul Law PLLC Form

Using a Power of Attorney in a Real Estate ClosingMoghul Law PLLC Form

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we have a situation where a seller is mentally unfit anymore although a long while back they appointed a power of attorney so that person is effectively able to sell the property the challenge is title companies don't like letting Powers of Attorney signed to actually close a deal so a title company may actually require something along the lines of a court order of unfitness or appointment of a guardian or something along those lines that remains to be seen if it's going to be a problem in this case however instead of doing a Novation the idea was to do a contract for deed and to get a power of attorney to list the property for sale but the mentally unfit person can't sign a power of attorney now to grant our buyer the rights to Market and sell the property so the contract for deed puts them in a stronger position because you can enter into a contract and record that with a public record with the power of attorney person once you take Equitable Title not fee tit

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