Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Real Estate Law Blog

Blog

Using a Power of Attorney for a New York Real Estate Closing

Posted on April 22, 2014 at 11:45 PM

If you are unable to attend a real estate closing and sign the necessary documents you can have your attorney prepare a power of attorney for you thereby allowing your agent to act for you at the closing.  A power of attorney is a document in which a person appoints someone to act as their agent and perform certain acts on their behalf. The powers which may be given to your agent can be very broad, or limited depending on the purpose for giving the power of attorney.  For example, your can give your agent very broad powers to manage all your financial affairs, or limited powers to sign documents on your behalf at a real estate closing for a specific property only.

Sellers use a power of attorney for real estate closings more often than do purchasers.  The most likely reason for this is that many purchasers' lenders are reluctant to permit the use of powers of attorney by their borrowers.  If you are a purchaser and need to use a power of attorney, check with your bank and title company in advance to see what their policy is concerning powers of attorneys.  If your lender does not permit the use of a power of attorney, your agent will not be authorized to sign on your behalf.  Additionally, it is prudent to have the document reviewed by the title agency, as their approval is required before they will rely on it for title transfer purposes.

A power of attorney is designed to be effective until death, unless voluntarily revoked, even if you become incompetent or incapacitated. Therefore, it is imperative that you choose an agent that is trustworthy and will carry out your financial instructions properly.

If you need a power of attorney contact an experienced New York attorney to prepare one for you.  After the power is prepared, you and the person that you have designated as your agent need to sign it before a notary public.  The law governing a power of attorney in New York State is General Obligations Law Sec. 5-1501.


Jeanne M. Reardon is an attorney experienced in preparing powers of attorney.  To speak with an experienced real estate attorney about closing with a power of attorney, call us at (516) 314-8433.  


Categories: Real Estate

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

101 Comments

Reply curry
7:19 AM on August 30, 2021 
I must show my admiration for your generosity giving support to individuals that must have guidance on your content. Your real commitment to getting the message all through appeared to be rather functional and have all the time permitted ladies much like me to get to their aims. Your new useful facts can mean a whole lot to me and additionally to my mates. Regards; from all of us.
curry http://www.curryshoes.us.com
Reply impetly
4:54 AM on September 1, 2021 
http://buypropeciaon.com/ - finasteride 5 mg for sale
Reply hermes handbags
8:27 AM on September 1, 2021 
I'm just commenting to let you understand of the superb encounter my cousin's girl experienced checking your web site. She even learned a lot of issues, including what it's like to have a great teaching mood to get other folks without problems fully understand several advanced issues. You really surpassed our expectations. Many thanks for distributing these powerful, dependable, revealing and cool thoughts on this topic to Gloria.
hermes handbags http://www.hermes-handbags.us.com
Reply jordan shoes
4:33 PM on September 2, 2021 
I'm also commenting to make you be aware of what a amazing experience my wife's daughter experienced going through your blog. She came to find a wide variety of details, not to mention how it is like to have an awesome coaching heart to get the rest very easily have an understanding of chosen complex subject matter. You actually exceeded our expectations. I appreciate you for distributing those helpful, trustworthy, explanatory and fun tips on that topic to Evelyn.
jordan shoes http://www.jordansshoes.us.org
Reply jordan shoes
4:34 PM on September 2, 2021 
I together with my guys were found to be digesting the excellent tactics located on your web site then all of the sudden came up with a horrible feeling I had not thanked the web site owner for those strategies. Those young men were definitely for this reason very interested to read through all of them and have certainly been taking advantage of those things. Thanks for actually being quite helpful as well as for picking out this form of outstanding topics millions of individuals are really wanting to be aware of. My personal sincere apologies for not expressing appreciation to you earlier.
jordan shoes http://www.shoesjordan.us.com
Reply golden goose shoes
4:36 PM on September 2, 2021 
I wanted to draft you that little bit of observation to help give many thanks as before for all the amazing solutions you have discussed on this page. It's simply surprisingly open-handed of people like you to give freely what exactly most people would have offered for an electronic book to get some dough for themselves, primarily since you might have done it in the event you decided. The secrets likewise served to become easy way to be certain that some people have a similar zeal just like my own to know the truth somewhat more on the subject of this problem. I'm certain there are some more enjoyable sessions in the future for people who browse through your blog.
golden goose shoes http://www.goldengoosesneakers.us.org
Reply Sereveida
7:49 PM on September 4, 2021 
Cialis
Reply kd 12
9:05 AM on September 5, 2021 
I wish to get across my affection for your kind-heartedness giving support to folks that require assistance with this important niche. Your real commitment to passing the message throughout came to be particularly useful and have made associates just like me to arrive at their pursuits. Your personal informative report denotes a lot a person like me and extremely more to my mates. Best wishes; from all of us.
kd 12 http://www.kd12.us.com
Reply effebteft
6:15 AM on September 6, 2021 
http://buytadalafshop.com/ - cheapest cialis 20mg
Reply kyrie shoes
5:05 PM on September 6, 2021 
I am glad for writing to make you understand what a exceptional experience my friend's daughter found visiting yuor web blog. She came to find a good number of details, including how it is like to possess an awesome giving style to have a number of people very easily learn about selected advanced issues. You undoubtedly did more than our desires. Thank you for churning out those great, healthy, edifying as well as fun tips on that topic to Tanya.
kyrie shoes http://www.kyrieirving-shoes.us.com
Reply lebron 17
8:53 AM on September 7, 2021 
I enjoy you because of each of your work on this web site. My mother delights in engaging in internet research and it's really easy to see why. My spouse and i hear all about the compelling method you provide rewarding solutions on the web site and as well foster participation from others on this idea so our simple princess has always been discovering a lot. Have fun with the remaining portion of the year. You are performing a wonderful job.
lebron 17 http://www.lebron17s.us
Reply Unrenue
2:31 PM on September 8, 2021 
Viagra
Reply golden goose outlet
4:34 PM on September 8, 2021 
I enjoy you because of each of your work on this blog. Betty takes pleasure in doing internet research and it is simple to grasp why. Many of us learn all of the dynamic way you offer helpful guidelines via the website and as well inspire response from other individuals on that concern so our favorite child is really becoming educated a great deal. Have fun with the remaining portion of the year. Your performing a great job.
golden goose outlet http://www.goldengooseoutletstore.com
Reply moncler outlet
8:24 AM on September 9, 2021 
I wish to convey my affection for your generosity for individuals who require help with the concept. Your real dedication to passing the solution all over became rather useful and has usually permitted those like me to get to their endeavors. Your own important guide indicates a great deal a person like me and additionally to my mates. Thanks a ton; from each one of us.
moncler outlet http://www.monclerjackets.us.org
Reply yeezy 350
4:18 PM on September 10, 2021 
I'm writing to let you know of the impressive experience my daughter obtained checking your webblog. She mastered a lot of things, with the inclusion of how it is like to possess a marvelous teaching style to let most people smoothly know just exactly selected grueling subject matter. You undoubtedly surpassed my expected results. Thanks for presenting the warm and friendly, dependable, informative as well as fun tips on your topic to Mary.
yeezy 350 http://www.yeezy350v2s.com
Reply finpecia uk
8:55 PM on September 10, 2021 
40 Viagra 99 Dollars
Reply buy generic cialis online safely
2:53 AM on September 11, 2021 
Buy Meloxicam
Reply yeezy 380
8:01 AM on September 11, 2021 
I simply wished to thank you very much all over again. I am not sure the things I might have made to happen without those methods discussed by you directly on such a industry. It became an absolute traumatic scenario for me, but discovering your specialized style you solved the issue took me to weep with delight. I'm just thankful for the help and even expect you realize what a powerful job you're putting in educating many others using a blog. Probably you've never come across all of us.
yeezy 380 http://www.yeezyboost380.us.com
Reply nike sb
7:52 AM on September 13, 2021 
I enjoy you because of each of your work on this web page. Ellie delights in participating in investigation and it's easy to understand why. We hear all relating to the lively ways you render both useful and interesting solutions through this blog and even foster response from some other people on that concern then our favorite princess is really being taught a lot. Take pleasure in the rest of the new year. You are carrying out a really great job.
nike sb http://www.sbdunk.us
Reply supreme outlet
3:38 PM on September 14, 2021 
I simply desired to say thanks yet again. I do not know the things that I might have made to happen without the concepts documented by you directly on such area of interest. It was a real frustrating scenario for me personally, however , seeing a new well-written avenue you handled that forced me to weep for contentment. Now i'm thankful for this advice and thus hope you recognize what a powerful job that you are undertaking educating many others with the aid of a web site. More than likely you have never got to know any of us.
supreme outlet http://www.supreme.us.org
Best Real Estate Attorney Award
0