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  #1  
Old 04-17-2001, 02:56 PM
ramrao3
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I am selling home(Virginia State) and my wife is now living in another state and can not come to closing. She is willing to sell the papers. My closing attorney is giving only one option
that is to have 'power of attorney' and he is going to charge me for that
1. Do my wife has to give power of attorney to the closing attorney
2. Can she give power of attorney to me

Is there any other options I have, like mailing her the documents etc
  #2  
Old 04-18-2001, 02:40 AM
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Location: Catatonic State
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I don't see what the problem is. All that needs to be done is to mail here the docs so she can sign in front of a notary or have her give you power of attorney.
The closing attorney can not have power of attorney for any of parties the transaction because that would be a conflict of interest.
The closing attorney must be a neutral and unrelated party.
  #3  
Old 04-23-2001, 10:32 PM
ramrao3
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I and wife signed a contract with buyers with out any witness.(No agents on both side) The closing is next Monday. I already moved out all the stuff. Is the contract is valid with out witnesses.
We actually did not sign on each page of the contract
The buyer gave me only loan approval form. I have not received any info from closing attorney. When I ask he says, he will give only a day before the closing. He says the seller charges are whatever limit specified ($1000) in contract.
I got $2500 in earnist deposit. What are my rights if buyer backs out. The buyer is also not satisfied with the cleaning asking for more and more cleaning. Can he back out for that reason
  #4  
Old 04-23-2001, 11:06 PM
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Location: Catatonic State
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Now I see what the problem is; both parties had no real estate agents or attorneys. It is tantamount to the blind leading the deaf.
I just cannot fathom how people spend hundreds of thousands of dollars buying a home and do not use the services of real estate industy professionals.
  #5  
Old 04-24-2001, 10:30 PM
ramrao3
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I put an ad on internet and he responded. I wanted to go through Agent, but the buyer want to get good deal. I gave 5% of the price because of no agents. Every thing seems to be going well upto know. But I am just thinking why I am unable to get the estimate from the closing attorney. He said he will give me the day before closing. Who is at risk now. me or buyer. The buyer did spend money on Appriasal and Inspection and I spent on moving, storage, cleaning etc. The closing attorney should follow the contract and charge the seller and buyer accordingly, is this true. Is the contract is valid with out any witness
The only witness I feel is that the buyer faxed the contract to Mortage and settlement agency.
I will know next week. I put in the contract 'as is' property condition, because it is only 2 years old. Can buyer can come after me if there is any problem. I got the contract form from legal documents sections in this forum




  #6  
Old 04-25-2001, 12:18 AM
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Location: Catatonic State
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You need to hire your own attorney.
  #7  
Old 04-25-2001, 12:03 PM
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I'm Curious.. 5% of the price but using agents could have only cost 6%.. (depending on who and where).
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This is not legal advice. Double check everything with your own attorney and your state's laws.
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