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POA won't have any personal implications for you as the only recourse on a reverse mortgage is against the property, not against any borrowers or heirs. All the POA will do is enable you to communicate with the lender on your parents behalf.
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∙ 12y ago
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What does POA mean relating to non-agency mortgage backed securities?
Payment Option Arm
Does your cosigner have to be present to refinance a home?
Not if a party has a proper power of attorney (POA) to represent the cosigner. The mortgage company will tell you what form of POA they want, and generally it is included with the paperwork, and the POA will have to be notarized. I know this from personal experience, I am a Notary Public and back in the early 2000s I was handling mortgage refinancing where the mortgage company pays me to go out to people's houses to watch them sign, what is called a "mobile notary," and when someone else is signing on behalf of a person not present, they will tell the mortgage company and have a power of attorney with whatever wording the mortgagor wants, signed by the cosigner and notarized, authorizing the substitute person to sign on their behalf. That would be included with the paperwork sent back to the mortgage company. But you have to notify the mortgage company ahead of time and find out what form they want the power of attorney to be; most have their own specific form they want you to use.
Do I have debt responsibility as a POA for my Mother?
personally no. However, as POA you act as your mother's agent and must pay her debts as they become due. If you mismanage her funds, then you may have some responsibility.
A mortgage broker forged my husband's signature on a POA put our home up for collateral and now our home is in forecloser by Bank of America. What should we do?
You should tell your story to your local district attorney ASAP. You should also report it to your state attorney general. You should contact your state representative. This is a criminal matter.
Is a POA deemed liable?
The Power of Attorney has a fiduciary duty to the grantor. If they mismanage funds or make poor decisions they can be held liable.
What does POA mean relating to non-agency mortgage backed securities?
Payment Option Arm
Does your cosigner have to be present to refinance a home?
Not if a party has a proper power of attorney (POA) to represent the cosigner. The mortgage company will tell you what form of POA they want, and generally it is included with the paperwork, and the POA will have to be notarized. I know this from personal experience, I am a Notary Public and back in the early 2000s I was handling mortgage refinancing where the mortgage company pays me to go out to people's houses to watch them sign, what is called a "mobile notary," and when someone else is signing on behalf of a person not present, they will tell the mortgage company and have a power of attorney with whatever wording the mortgagor wants, signed by the cosigner and notarized, authorizing the substitute person to sign on their behalf. That would be included with the paperwork sent back to the mortgage company. But you have to notify the mortgage company ahead of time and find out what form they want the power of attorney to be; most have their own specific form they want you to use.
What does POA stand for?
Price on application (POA)
Can a POA sue a person even if the person who assigned POA is dead?
No. A POA expires when the principal dies.
Can a POA for someone endorse a check for them and then deposit the check into the POA's account?
cAN A poa NAME THEMSELVES AS A BENEFICARY
How you say police in Punjabi language?
poa poa
What is the population of Poa Department?
The population of Poa Department is 30,406.
When was Poa palustris created?
Poa palustris was created in 1759.
When was Poa diaboli created?
Poa diaboli was created in 2003.
How tall is Nooroa Poa?
Nooroa Poa is 178 cm.
When was Hazel Poa born?
Hazel Poa was born in 1970.
What rights do you have if a military durable power of attorney is null and void?
A special military POA confers powers of attorney andguardianship rights over children whose parents are serving. If the special military POA is void you must have the parent execute a valid military POA and send it to you as soon as possible. Without it you have no rights or authority whatsoever until you take further action.
