Yes. Buyers can have
the loan documents signed for them by giving someone a specific power of
attorney. The buyer’s lender should be consulted to determine if they require a
specific form and to approve the power of attorney before it is signed. Sellers can likewise close by power of
attorney. The settlement attorney can
prepare the power of attorney if needed. The original power of attorney MUST be brought
to closing.
The answers given above have been
prepared by the law firm of Jones & Walker, P.C. of Virginia Beach as
general guidelines to common questions.
These answers do not constitute specific legal advice. For a fuller explanation of many aspects of
real estate sales and purchases, visit Jones & Walker’s website: www.jonesandwalker.com.
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