Power of attorney to inquire into loan

[Troy Michaels]

Where can i find a example power of attorney to be able to inquire into the loan status of a homeowner's loan. im putting together a subject to deal. thanx

[Joel Owens]

You have power of attorney and limited power of attorney.They shouldn't need to give you either in this situation.

All you need is an "Authorization to Release Information" form signed by them with your contact info on it and then YOU fax it in to the appropriate department. Do not leave it up to the property owner.

They might not confirm the fax went through to the bank,they might submit tot he wrong department,they might be using an old dirty fax machine where the transmission was garbled and the bank cannot read it etc.

Make sure they sign the release EXACTLY as they signed the closing papers when they bought.I have had instances where unless the signature is exact as what they have on file for closing docs they will not release info.

If someone married or they sold to someone else etc. you can explain that away it's just more steps.