By Tucker Griffin Barnes | Published April 19, 2023 | Posted in Charlottesville Real Estate Attorney, Real Estate Attorney, Real Estate Contract Review, Residential Real Estate Closings | Tagged Tags: Bill Tucker, Buying Home, POA, Power of Attorney, Residential closings, Selling Home | Comments Off on Specific Power of Attorney Observations for Real Estate Transactions
Specific Power of Attorney Observations for Real Estate Transactions
Specific Powers of Attorney can be a useful legal tool for many clients buying and selling real estate. Some pointers about using Specific Powers of Attorney for real estate transactions are as follows: Most lenders prohibit Settlement Attorneys and/or other related parties (e.g., realtors) from serving as POAs: plan accordingly. The contract should name the Read More
Avoiding Real Estate Settlement Wire Fraud
Realtors: It’s all over the news here, here, and here. If you haven’t had the nightmare, someone you know has: your client receives an innocuous email and follow-up phone call from someone who claims to be from the Settlement Agent’s office updating their wire instructions. Wanting nothing to postpone the home purchase, your client complies Read More
2014 Memorial Day (Real Estate Closing Advice)
Good news! All the Clerk’s Offices, Banks and Attorney’s Offices will be closed on Monday, May 26 for Memorial Day (is summer really here?). Remember, all closings which need to occur before Memorial Day should be completed by Friday, May 23. The Clerk’s Offices stop recording around 4 PM on Friday afternoon. Accordingly, all closings Read More
