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Forums » Short Sales » LOA and POA

LOA and POA Subscribe to LOA and POA

3 posts by 2 users

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Mitch Kenney

· Denver, Colorado


Forum_avatar_avatar-mitchdenver

Icon_minipost Nov 05 '09, 12:04 AM

Hey guys,

This is my first post. I have been reading the posts on this forum for a while and I appreciate everybody!

In regards to the LOA do you know if the lender will allow multiple people or an entire company as a whole to be on the LOA. The question also goes for the POA

Thanks!

Edited: 06/26/2010 at 10:23AM


Justin S.

Rehabber · Chandler, Arizona


Forum_avatar_avatar-wheelhouse
DonorPro

Icon_minipost Nov 05 '09, 12:08 AM

I have about 5 people on my LOA. Banks have never said anything.

For your POA. The POA should be a third party (not you, not someone in your company, or the seller). You cannot sign for both buyer and seller. People frown upon that. Good luck.

Edited: 06/26/2010 at 10:23AM

Small_wh_logo_full_1600_350_black_cJustin S., Wheelhouse Properties
E-Mail: wheelhouseproperties@gmail.com
Telephone: 4806780446
Website: http://www.wheelhouseproperties.com
Realtor, Re-modeler, Cash Buyer


Mitch Kenney

· Denver, Colorado


Forum_avatar_avatar-mitchdenver

Icon_minipost Nov 05 '09, 06:48 AM

Thanks Justin!

Edited: 06/26/2010 at 10:24AM


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