0
What happens when a company purchases property and the seller used a revoked power of attorney?
Wiki User
∙ 12y ago
The deed is invalid and there was no transfer of the owner's interest. The matter must be resolved in court if the proceeds were turned over to the person claiming to have power of attorney. That is why smart buyers arrange to have the title examined and verify who has power to sell when the owner will not be signing the deed in person.
The deed is invalid and there was no transfer of the owner's interest. The matter must be resolved in court if the proceeds were turned over to the person claiming to have power of attorney. That is why smart buyers arrange to have the title examined and verify who has power to sell when the owner will not be signing the deed in person.
The deed is invalid and there was no transfer of the owner's interest. The matter must be resolved in court if the proceeds were turned over to the person claiming to have power of attorney. That is why smart buyers arrange to have the title examined and verify who has power to sell when the owner will not be signing the deed in person.
The deed is invalid and there was no transfer of the owner's interest. The matter must be resolved in court if the proceeds were turned over to the person claiming to have power of attorney. That is why smart buyers arrange to have the title examined and verify who has power to sell when the owner will not be signing the deed in person.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoThe deed is invalid and there was no transfer of the owner's interest. The matter must be resolved in court if the proceeds were turned over to the person claiming to have power of attorney. That is why smart buyers arrange to have the title examined and verify who has power to sell when the owner will not be signing the deed in person.
Add your answer:
Earn +20 pts
What happens when you sublease a car and the company that you leased from goes into liquidation?
You will have to make the payments to the company that purchases their assets, it doesn't mean you get a free car.
What happens when heir property is illegally farmed in the state of Georgia?
Seek a probate attorney. Possibly law enforcement.
What happens if a person sold a property of a deceased person and used a power of attorney?
A POA is extinguished at the moment of death. If a POA was used to sell the property of a deceased person the sale was null and void. The former attorney-in-fact had no legal interest in the property, couldn't sell it and committed a fraud. The buyer did not get title to the property.
What does the concept of merger acquisition refer to?
A "merger" is what happens when two companies join to become one company. An "acquisition" is when one company purchases another company. An acquisition can also be called a "takeover".
What happens after your creditor has sent your account to an attorney?
The attorney gives you some time to pay, then gets a judgment and uses the other legal options(garnishee wages, attach property, bank accounts).
If you buy a car through the company you own and you personally are the co-signer what happens if the you file bankruptcy?
That depemds on how your "company" was setup. ASK your B/K attorney.
What happens when you are sued in civil court for your neighbor being injured on your property?
You call your insurance company
What happens to my credit card debt after I die if I have a power of attorney?
If you have money or property - the bills will be paid. If you don't have any money the bills won't be paid.
What happens if someone sues you because they fell on your property?
Contact your homeowner's insurance company immediately and notify them of your situation.
If a spouse dies but leaves the property in a will to someone else what happens?
"Someone else" gets the property. The surviving spouse can certainly contest the will. And there may be specifics in the state that entitle the surviving spouse to a portion of the real property, or a life estate in real property. Consult an attorney licensed in the state in question.
What happens to a mortgage when one spouse dies?
Generally, the mortgage must be paid or the lender will take possession of the property by foreclosure. You should consult with the attorney who is handling the estate.
What happens if you dont have an attorney the day of court?
You go without an attorney.
