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What kind of power of attorney do you need so your son can sign your closing agreement on your real estate purchase?
Wiki User
∙ 6y ago
You can execute a limited POA for that purpose only and have that limited purpose recited clearly in the POA document. You can have it drafted by the attorney who will be handling the purchase/sale on your behalf.
Wiki User
∙ 6y ago
Wiki User
∙ 12y agoYou can execute a limited POA for that purpose only and have that limited purpose recited clearly in the POA document.
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What can you do if the seller of real estate does not close on the closing date?
You need to review your Purchase and Sale Agreement to see how and if that issue is addressed. You should ask the attorney who is representing you in your purchase what your options are.
Can our son sign closing real estate agreement using an Enduring Power of Attorney?
Yes as long as both owners executed the Enduring Power of Attorney.
What are some typical cases that real estate lawyers might handle?
A real estate attorney might handle disputes regarding ownership, legal filings, disclosures, etc. Before closing, the services of a real estate attorney are invaluable (and often required) to review all documentation; make sure there are no covenants, easements, liens; verify the agreement with the lender, etc. A real estate attorney often attends the closing with the buyer or seller.
What is the difference between purchase agreement and closing on a house?
A purchase agreement is, well, an agreement to purchase a property. It sets the price the buyer will pay to the seller. "Closing" on a house is signing all the paperwork (and there is a lot of it!). This includes not only the purchase price, but all the fees associated with a property transfer -- title searches, taxes and the like, the details of the mortgage (the agreement between the purchaser and the lending institution), the commission to be paid to the real estate agent, etc. All that stuff in addition to the actual purchase price is "closing costs" and there is usually a separate agreement specifying which of these costs will be paid by the buyer and which by the seller. You can get writer's cramp signing all the papers at a closing!
Where can a person locate a real estate closing attorney?
One can locate a real estate closing attorney online at Closingcorp, Realestateclosing,Nolo, Zillow and many forums offer help on the matter for example wikihow.
Is a verbal agreement pertaining to real estate binding until closing date?
No
When does real estate agent earn commission?
The real estate agent earns the commission for selling a home or for representing a buyer who has a completed the purchase and sales agreement and ultimate closing on a piece of real property. The commission is paid to the broker of record at the closing, or settlement in some states, has occurred.
What is the typical real estate attorney's fee for a residential closing?
Five to seven percent.
Who pays the probate attorney and how much?
The estate pays the probate attorney. The amount will depend on the agreement the executor makes with them.
What does is a psa in commercial real estate?
PSA stands for Purchase and Sale Agreement in Real Estate..
Can probate stop the sale of real estate already in progress if the owner dies?
It can delay the closing but if the decedent fully executed a P&S agreement it is an encumbrance on the real estate. The delay would be in obtaining a deed from the estate. The executor or administrator must have or obtain the power to sell the real estate. You should consult with an attorney who specializes in real estate law.
When is commission due to the Realtor when a lease purchase option is exercised?
I am considering a lease-purchase agreement now to a prospective tenant, and the real estate agency's contract says that the commission is due when title is transferred. This would normally be at closing. Tim
