Signing A Contract On Behalf Of Someone Else... Episode 285

Signing A Contract On Behalf Of Someone Else... ...I am not an attorney, contact one before you do anything There are a number of reasons where it makes senses for someone to sign a contract for another person using a power of attorney (POA) they may be out of town they may be out of the country they may lack the competency the may not be physically able to sign there are cases that are sensitive to talk about but its important to discuss end stages of life here as well when a person is alive a power of attorney can be sufficient to get the sale completed when some passes away before the sale is closed an executor of the estate may be required to sign the paperwork quite often a property will need to go through probate and a judge may need to sign off for the property to be sold some things to keep in mind a property can be put on the market while the seller is alive a POA can sign the listing contract in many cases and its likely that the POA could sign the closing paperwork if the seller passes away during the process the executor of the estate would then be the person that would sign there are definitely times where the sale gets interrupted and the property may very well need to go through probate which could delay or possibly end the sale you can see why I have I have told you to get legal advice its not simple stuff I break down these topics on todays show

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