He can’t be at the closing because of his new job, so it looks like our only option is for me to be his temporary or “limited” power of attorney for real estate. It has to be legal in the state of Kentucky. How much does this cost and how do we go about doing this?
Tags: Attorney, Being, Closing, Cost, Fiances, First, Home, Power, Temporary, What
Usually he just needs to fill out and sign a form making you his attorney for the transaction, and have it notarized, which isn’t likely to cost more than $5.
This is a very common situation. Call up the real estate agent, tell him or her that you’ll need a P of A, so you’ll need the form. Unless it’s a really lousy agent, you’ll have it the next day. Also ask who’s a convenient notary if you don’t know one; probably your agent or someone in the office can do it.
Call the lawyer closing the loan and they will set you up. It will likely cost less than $100. Still, it may not even be necessary. Often the documents he needs to sign can be prepared beforehand and he can come in and sign them prior to the closing when he is not working or he can simply put off the closing until he can find time to be there. The closing time has to be agreeable to all parties, thus you do not need to be bullied by the others.
I’ve never heard anything like that. Usually power of attorney only works if someone is elderly or not capable of making decisions. Can your husband sign paperwork, have it notarized and then mail it to the mortgage company?
Call an attorney and ask.