The realtor was only suggesting that she open a bank account at Scotiabank in my name so she would be able to then wire the proceeds to my account in the US. You have told me you think that is a poor choice.
Yes, the bank and their employees it one thing - the real estate agent another. Bad choice in my opinion.
I would not have any power to take any action against the Bank if I didn't have to sign any of the documents for the closing (which I hoped could be sent to me via Fed-Ex and returned with my original signature). So, if I didn't have a copy of the closing documents, I don't know how I would be able to prove the house even sold.
Ownership of property is reflected by deeds - so there would be a history of the transfer which you could prove.
Moreover, under Mexican Law, the deed to the property must be prepared by a Notary Public.
The Notary Public will ensure that all documentation and permits are in order so that the transaction can proceed.
Do not confuse the role of the Notary Public in the US with that of Mexico - they are quite different. In Mexico, where the role is appointed directly by the State Governor (the highest seat in State Public Office).
The Notary Public has the power to witness and certify important business documents which require absolute authenticity. The appointment also holds responsibility for the management and secure storage of original records. Notary Publics must be Mexicans of at least 35 year in age, they must have a degree in Law, have 3 year's work experience at a Notary Public office, and they must pass a stringent exam. Those who pass, in time, are appointed as Notary Public by the State Governor.
Even if I went to MX, opened a bank account, was at the closing in person -- it takes 3 days after the account is opened for the closing -- and another 4-5 days for the funds to be released into my account, I cannot get 11 - 12 days off work at one time so I would need to leave before I could transfer the money.
How do you suggest I handle this whole situation besides not grant my realtor POA?
I would let the Notary Public handle the transfer and ScotiaBank have your consent to make the transfer on your behalf.