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Tax, SDIRAs & Cost Segregation

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Justin H.
  • Rental Property Investor
  • Raleigh, NC
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76
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Power of Attorney for Sales Contract

Justin H.
  • Rental Property Investor
  • Raleigh, NC
Posted Oct 23 2009, 02:07

I have a short sale in progress and it's becoming a little more difficult than I hoped. The couple on the mortgage is divorced and she moved many states away. The divorce paperwork only states that neither can interfere with the sale of the property but that's all. Is it possible for the exwife to sign a Power of Attorney allowing the exhusband to sign for her on all documents requiring her signature or does that only work in times where the person is incapacitated for some reason? I asked the lienholder and they said to consult an attorney and then if they say its ok, fax it with the short sale package. I take it to mean that this person doesn't know the answer.

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