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what does it mean when the power of attorney is invalid on a property i am trying to close. And do you know how long i have to wait. Thanks
State/Country of Question: Ohio
It depends on the Power of Attorney. It may have had a time period which passed or may have been intended for specific purposes only.
Attorney
Licensed attorney helping individuals and businesses
my realtor said it could take months for this to clear, could it be sooner?
Without seeing the power of attorney I cannot comment on timing. You should consider having it looked at and consider having a new one issued.
is there anything we can do to speed up the process?
Have a local real estate attorney review the poa and see if you can obtain a new one that satisfies the transaction.
about how much am i looking at , do you know?
Varies by firm but this is not a time consuming exercise so a few hundred dollars representing an hour or two of work.
I was told that there were two transactions involved in this title, that's why it's not clear. What does that means? And does it take longer because of that? Thanks
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is it safe to buy the house for now since i am paying cash, and take care of it later? Would i be able to sell the house later if i just buy it now?
Again, I cannot bless that without seeing the power of attorney and the transactional documents.
thank you very much. You were very helpful.
You welcome.