Can you sign a deed under a power of attorney?

A power of attorney enables an agent (also called the attorney-in-fact) to conduct transactions on another person's behalf.If so, a spouse, relative or friend with POA can sign a deed or other real estate documents.

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Maine Special or Limited Power of Attorney for Real Estate Sales...

Maine Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller

Name: Maine Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.61 (319 reviews)

Category:

Maine Power of Attorney - Limited

State:

Maine

Control #:

ME-P099

Format:

Instant download

Description

This Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller form is for a Seller to authorize an attorney-in-fact to execute all documents and do all things necessary to convey a particular parcel of real estate for Seller. This form contains amendments made by Chapter 618 of 2004 Public Law.

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FAQ

Name, signature, and address of the principal. Name, signature, and address of the agent. Properties and activities under the authority of the agent. Date of effect and termination of authority. Compensation to services of the agent.

A power of attorney agent is not barred by law to sell the property unto himself by following proper procedures. He is selling the property on behalf of his principal in the capacity of his agent/representative and buying it as a buyer.In his absence or at his option, the POA can act.

The durable power of attorney is almost always required. This instrument gives another person specific powers to sign for an individual in a real estate transaction where the exact name and description of the property is stated in the document.

Step 1: Bring Your Power of Attorney Agreement and ID. Step 2: Determine the Preferred Signature Format. Step 3: Sign as the Principal. Step 4: Sign Your Own Name. Step 5: Express Your Authority as Attorney-in-Fact. Step 6: File the Documentation Somewhere Safe.

A power of attorney enables an agent (also called the attorney-in-fact) to conduct transactions on another person's behalf.If so, a spouse, relative or friend with POA can sign a deed or other real estate documents.

Remember that all of the authorized agents under the power of attorney or representatives in an estate must sign the listing agreement, disclosure documents, etc. For example, when there are two executors in an estate, then they both must sign the Listing Contract.

The POA can be a useful tool in residential real estate transactions when a necessary party will be unavailable to execute documents prior to or attend the closing.In order to be recorded, the POA presented must contain the original signature of the principal, and it must be notarized.

Is property sale through power of attorney legal? In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.

Maine Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller

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