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Updated over 14 years ago on . Most recent reply

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Ryan Lebsock
  • Real Estate Investor
  • Select a State
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Brainstorm!

Ryan Lebsock
  • Real Estate Investor
  • Select a State
Posted

Ladies and Gentlemen,

I would like you opinion on the options I have have for an upcoming purchase.

The deal is simple. I'm purchasing a home in PA from a private party, financing it as an investment property.

The issue is, I want to do this through a power of attorney. I work overseas, and I will not be coming home to sign papers.

What I want to do is hire the services of an attorney to put the pieces together. Can/will an attorney be my representation through a power of attorney? (Naturally I have emailed several firms, waiting for a reply)

Is there a better way to go about this in terms of a prepackaged solution through a title company?

I could fly a family member or close friend to PA to close in my place, however it would be more efficient to simply use an attorney (at least some local entity which represents my best interest), given power of attorney, to represent me in closing.

Looking forward to your insight!

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Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
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Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
Replied

In Arizona, you cannot just sign without anyone around there because the signature on the deed has to be notarized. (If you are the seller.) Jon, are you sure there was no notary to witness your signature when you signed your closing documents?

Of course, you could have a notary who is local to you and do not have to go to the location of the property. Otherwise, use the corporate resolution idea suggested by Justin instead of a power of attorney. Much simpler and cleaner document and title companies prefer a resolution to a poa.

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