0
The realtor had you sign all legal decisions over to him and the co buyer. What legal responsibility do you have with an FHA loan if you don't live there but the loan is in your name?
Wiki User
∙ 13y ago
You need to read all your documents relating to your loan in order to determine what your obligations are. You are at least responsible for paying the loan, property taxes and maintaining insurance. It seems you gave someone else the authority to execute the documents in your name and if so, you are legally bound by those documents.
A realtor doesn't "have you" sign all legal decisions over to him. They have no such authority over you. You must take an active role in any such transfer of legal authority and voluntarily agree (for a reasonable purpose) to grant someone else the authority to represent you in legal matters by executing a Power of Attorney. You haven't explained why you gave the realtor the authority to act as your legal agent but if you did, you need to review any documents he signed in your name. You should have been provided with copies.
You are asking questions after the fact. It is much better to ask before authority is given and documents are signed.
You need to read all your documents relating to your loan in order to determine what your obligations are. You are at least responsible for paying the loan, property taxes and maintaining insurance. It seems you gave someone else the authority to execute the documents in your name and if so, you are legally bound by those documents.
A realtor doesn't "have you" sign all legal decisions over to him. They have no such authority over you. You must take an active role in any such transfer of legal authority and voluntarily agree (for a reasonable purpose) to grant someone else the authority to represent you in legal matters by executing a Power of Attorney. You haven't explained why you gave the realtor the authority to act as your legal agent but if you did, you need to review any documents he signed in your name. You should have been provided with copies.
You are asking questions after the fact. It is much better to ask before authority is given and documents are signed.
You need to read all your documents relating to your loan in order to determine what your obligations are. You are at least responsible for paying the loan, property taxes and maintaining insurance. It seems you gave someone else the authority to execute the documents in your name and if so, you are legally bound by those documents.
A realtor doesn't "have you" sign all legal decisions over to him. They have no such authority over you. You must take an active role in any such transfer of legal authority and voluntarily agree (for a reasonable purpose) to grant someone else the authority to represent you in legal matters by executing a Power of Attorney. You haven't explained why you gave the realtor the authority to act as your legal agent but if you did, you need to review any documents he signed in your name. You should have been provided with copies.
You are asking questions after the fact. It is much better to ask before authority is given and documents are signed.
You need to read all your documents relating to your loan in order to determine what your obligations are. You are at least responsible for paying the loan, property taxes and maintaining insurance. It seems you gave someone else the authority to execute the documents in your name and if so, you are legally bound by those documents.
A realtor doesn't "have you" sign all legal decisions over to him. They have no such authority over you. You must take an active role in any such transfer of legal authority and voluntarily agree (for a reasonable purpose) to grant someone else the authority to represent you in legal matters by executing a Power of Attorney. You haven't explained why you gave the realtor the authority to act as your legal agent but if you did, you need to review any documents he signed in your name. You should have been provided with copies.
You are asking questions after the fact. It is much better to ask before authority is given and documents are signed.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoYou need to read all your documents relating to your loan in order to determine what your obligations are. You are at least responsible for paying the loan, property taxes and maintaining insurance. It seems you gave someone else the authority to execute the documents in your name and if so, you are legally bound by those documents.
A realtor doesn't "have you" sign all legal decisions over to him. They have no such authority over you. You must take an active role in any such transfer of legal authority and voluntarily agree (for a reasonable purpose) to grant someone else the authority to represent you in legal matters by executing a Power of Attorney. You haven't explained why you gave the realtor the authority to act as your legal agent but if you did, you need to review any documents he signed in your name. You should have been provided with copies.
You are asking questions after the fact. It is much better to ask before authority is given and documents are signed.
Add your answer:
Earn +20 pts
Is it legal for a realtor to hire an inspector?
Yes
Do you have a legal responsibility to help another who is in imminent danger?
No you do not have a legal responsibility to do so.
Can a married man give up his rights to his children?
No. As long as he is married he has a legal responsibility to his wife and children.No. As long as he is married he has a legal responsibility to his wife and children.No. As long as he is married he has a legal responsibility to his wife and children.No. As long as he is married he has a legal responsibility to his wife and children.
What makes someone award of the court?
Someone becomes a ward of the court when their guardian(s) is(are) deemed incapable of caring for the individual properly. This puts them into legal responsibility of the state and allows the state to make decisions, medical and legal, on their behalf.
What is legal responsibility in business?
Legal responsibility is business ethics. You can research the topic or check with the Small Business Administration.
How can you find out if your realtor has had legal issues?
You can call the realtor board in your town and see if any complaints have been filed against them. You can also call their company and inquire about their reputation.
What is the age of responsibility?
In the UK, the age of criminal responsibility is ten and the age of legal responsibility is eighteen.
What is the legal age that a child can make their own decisions in the state of Delaware?
When they are no longer a child. Which is 18 in Delaware. While they do have the right to make certain decisions regarding their bodies (regarding sexual activity at the age of consent and what happens if they are pregnant), until that time they are the responsibility of their parents.
Do both parents have to make medical decisions when having sole custody?
No. The parent with sole legal custody has the right to make decisions regarding the child.No. The parent with sole legal custody has the right to make decisions regarding the child.No. The parent with sole legal custody has the right to make decisions regarding the child.No. The parent with sole legal custody has the right to make decisions regarding the child.
What is the Court decisions?
a legal brief
Is it legal to sell soiled diapers?
Selling soiled diapers without disclosing the condition to the buyer could be considered fraudulent and unethical. It is recommended to only sell clean and unused diapers to ensure the health and safety of the consumer.
What does caveat emptor mean?
Caveat Emptor is a Latin phrase which means "let the buyer beware".What it implies is that it is the purchaser's duty to ensure that an item they are buying is right for them, and that it will do the job.In the days before consumer legislation was passed in many countries, the seller of an item was under no legal obligation to the customer if the item was faulty, or if it didn't do what the seller claimed it could.Let the buyer beware.
