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Don’t Let It Bite You

Using a Power of Attorney at closing

Not every POA is acceptable for every mortgage transaction. Tell the lender and title company early so the document and signing plan can be reviewed before closing.

Using a Power of Attorney for a mortgage closing

Provide it immediately

Send a complete copy as soon as you know an attorney-in-fact may sign. Do not wait for the final closing disclosure.

Wording matters

Loan program, lender, title, state, property, occupancy, and transaction requirements may dictate specific authority or language.

Execution matters

The POA may need to be signed, witnessed, notarized, recorded, or confirmed as still effective. Requirements vary.

Approval comes before use

Underwriting and the closing agent must approve the POA and signing procedure. Early review prevents a small document from becoming a very large delay.

Your next step

Let’s talk about what this means for you.

You do not have to figure out every mortgage detail on your own. Tell me the goal and we can work through the questions.

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