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Updated over 5 years ago,

User Stats

38
Posts
14
Votes
Alan Sue
  • Yokohama Shi, Kanagawa-ken
14
Votes |
38
Posts

Power of Attorney for a purchase without an address

Alan Sue
  • Yokohama Shi, Kanagawa-ken
Posted

Some background, I'm an American living in Japan, and trying to do real estate in the US from abroad. That makes for all sorts of fun beyond just the time difference. It also means each notarized signature costs about 100USD, so a typical RE closing just for notarization alone can be about 700USD. Before I ask my question, I know that whatever answers come do not count as legal advice, and I should ask a lawyer, lender, title company, before anything is finalized.

I have use Limited/Special Power of Attorney before for some real estate purchases, and I am planning to sell some properties, then 1031 them into others. 

My question is, is it possible to have a PoA that does not have a specified address on it, but is still limited and does not give too much authority to the agent? I would love to have both PoA for selling and purchasing notarized at the same time, but due it to being a 1031 transaction I would not know the address necessarily. 

Thank you for any advice!

Alan

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