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Updated over 9 years ago,

User Stats

249
Posts
140
Votes
Tariq B.
  • Investor
  • Laurel, MD
140
Votes |
249
Posts

Power of Attorney at closing...Yes of No?

Tariq B.
  • Investor
  • Laurel, MD
Posted

So just some background info. Have a contract on a property, settlement date is set for the 23rd of Sept. Using banks title company for settlement on a foreclosure.

Received word today from the title company they are having trouble clearing the title and it doesn't look like the 23rd date will happen. I am leaving out of the country on the 24th. We offered to move it back to the 6th of Oct as that is when I will get back. 

However, the bank is adamant on closing before the end of the month. 

Title companies suggestion was to use a power of attorney, someone to sign on my behalf. Because If I didn't close before the end of the month they would re-list the property. 

My issue is that everyone I am comfortable with is going on this trip with me there is absolutely no one I would feel OK being my POA.

What would you do? Or what could be my options? Is it really possible the bank will just re-list then having to wait even more to close?

Love to hear what y'all have to say! 

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