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POA's and Closings
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POA's and Closings
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Posted by Anonymous on 5/2/06 1:33pm
Msg #117195

POA's and Closings

How do you handle the documents that require an oath? The "attorney in fact" can't take the oath for the principal (he/she can only sign on thier behalf) so how do you handle the docs that require a jurat when there is a POA involved?
Did a search and didn't find anything... I'd appreciate any input on this one...

***Sidenote
I was at a signing a couple of weeks ago at a title company and the notary didn't administer an oath at all.... I kept waiting thinking she would do it at the end of the signing but she never did... Is this common?


Reply by MistarellaFL on 5/2/06 3:36pm
Msg #117257

Since you can't take an oath for another person, the jurat must either be changed to an ack or left unsigned by the absent brw. If there are 2 brw's the non-POA can sign it, just cannot POA it for the absent signer.
This is dependent on the lender/TC requirements and you must ask them how to handle that, or quite honestly, they will advise you upfront about it being a POA and how they want you to handle it.
my experience only...

Reply by Anonymous on 5/2/06 4:28pm
Msg #117277

Thank you, Mistarella.... I appreciate your help... Have a great day!


 
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