Quote:
Originally Posted by MrHunters
the selling agent is the temp power of attorney according to our lawyer...
isn't that some sort of conflict of interest?
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It is done from time to time although frowned upon. Clearly the agent is receiving a financial benefit from the transaction so its always dicey to have him/her signing on behalf of the seller. I always recommend that the seller have an attorney or family member sign under limited power of attorney if possible. Also the bank attorney should carefully review the language in the POA to make sure that it is limited in scope as to this particular closing etc.
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