+16 Power Of Attorney Used In Real Estate References. Consult the matter with a lawyer. The document should also abide by lender mortgage requirements and the title company’s guidelines.
A power of attorney (poa) is a legal document executed by a principal (buyer or seller) that designates an agent, referred to in this document as the attorney in fact, to sign on their behalf. Unlike a general power of attorney which empowers someone to act on your behalf in almost all legal matters, a special grants someone the right to act in one specific matter and usually for a specified period of time. The power of attorney may cover any or all aspects of property and asset management, money matters etc.