Power of Attorney
Heading on vacation during your closing? Have a medical procedure scheduled and know you won't make it in to sign? Work sending you out on a last-minute business trip? If you're in any of these scenarios, you're probably worried about what you're going to do about signing at closing. We all have busy lives with work, family and travel - throw a home buying or selling process into that mix and it can get a little hectic! That's what the Power of Attorney, or POA, is for. A power of attorney is a document between two parties in which one party grants the other broad power to act on their behalf. This power can be for a number of things, including signing during a real estate closing. In a POA transaction, the person granting the power is called the principal, and the person receiving the power is called the agent or attorney in fact. The agent will act on behalf of the principal within the circumstances noted in the document. An attorney in fact doe...