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Does power of attorney give you the right to secure a mortgage loan in your fathers name?
Yes, if the mortgage is for your father's benefit, if he approved it and the money will be used on his property. A POA doesn't give you any 'rights' per se, it gives you the authority to act on behalf of another person, the principal. You cannot engage in any transactions that benefit you by signing your father's name.
A Power of Attorney is not granted for your benefit. You have been granted the power to sign for your father in his legal matters and at his direction. You cannot use that power to benefit yourself unless it is at the express request of your father. If you use your power to create a debt in your father's name without his permission and intended to benefit you, you can be prosecuted. The law does not look kindly on people who misuse their fiduciary powers and positions of trust.
What else can I help you with?
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 are the benefits of pre approved mortgage loans and how can I secure one for my home purchase?
Pre-approved mortgage loans offer benefits such as knowing your budget, faster closing times, and increased bargaining power. To secure one, gather financial documents, choose a lender, and complete the application process.
What are the benefits of preapproved mortgage loans and how can I secure one for my next home purchase?
Preapproved mortgage loans offer benefits such as knowing your budget, faster closing times, and increased bargaining power. To secure one, gather financial documents, choose a lender, complete an application, and wait for approval.
How can I cash a stimulus check for someone in jail with power of attorney?
To cash a stimulus check for someone in jail with power of attorney, you will need to present the power of attorney document along with the inmate's identification and the stimulus check at a bank or check-cashing location. The power of attorney allows you to act on the inmate's behalf for financial matters.
Does the cosigner need to be present to refinance if they are not on the title?
If they've cosigned for the mortgage, yes. The only time a partner (husband/wife, usually) doesn't need to be there is if the mortgage and title papers are all in one person's name. The only people who really need to be at a re-fi is the lender's attorney and your attorney-in-fact (somebody you trust to do your business and who has no apparent conflict of interest). All other parties can be represented on paper; each with a power of attorney that permits the attorney-in-fact to sign these particular papers in the absence of the named person.
Does biological children have rights to deceased fathers assetts if the step mother is power of attorney?
The power of attorney expired on his death. In most cases the spouse gets the estate if there is no will.
Can you add yourself to your fathers bank account since you have power of attorney?
Yes, you can do that. Power of attorney actually gives you limitless powers to act on your fathers behalf. So, since your father can add you to his bank account if he wants, you being the one with his power of attorney you can do the same thing, you can do anything you want on behalf of your father and it is perfectly legal.
How do you sign for your spouse on a mortgage?
Your spouse must execute a power of attorney that grants you the right to sign legal documents on their behalf. You need to consult with an attorney.
Can YOU close YOUR fathers CD account with power of attorney?
Nope. Eith P.O.A. or notification of incompetance signed by a judge.
Who is the agent in a power of attorney?
Yes, then the officers who can sign for that company can sign documents for the principal. This is done all the time in the mortgage industry when banks appoint other banking institutions as their attorney-in-fact.
My mother died. now my brother needs to get power of attorney so he can handle mortgage issues on behalf of my father?
Your father can grant him a power of attorney. If he needs to represent the estate, he needs to be appoint executor by the probate court.
Is it legal for ex-wife to forge mortgage renewal?
It is NEVER legal to forge a name. The only time a person may sign any documents on your behalf in a mortgage transaction is if they have a transactional specific "Power of Attorney"
How do you show to courts that im legally on will and permitted to be on property?
me and my sisters are on my deceased fathers will for his estate.My sister is power of attorney .my sister who is power of attorney has got sheriff to remove me from property, when that where i resides. is there any thing i need to do to stop her or permit her from making me leave property?
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.
Can a power of attorney delegate their authority to another power of attorney?
No, a power of attorney cannot delegate their authority to another power of attorney.
What are the benefits of pre approved mortgage loans and how can I secure one for my home purchase?
Pre-approved mortgage loans offer benefits such as knowing your budget, faster closing times, and increased bargaining power. To secure one, gather financial documents, choose a lender, and complete the application process.
What are the benefits of preapproved mortgage loans and how can I secure one for my next home purchase?
Preapproved mortgage loans offer benefits such as knowing your budget, faster closing times, and increased bargaining power. To secure one, gather financial documents, choose a lender, complete an application, and wait for approval.
