When A Power Of Attorney is Used In Real Estate Transactions

When A Power Of Attorney is Used In Real Estate Transactions

Watch this episode with real estate agent Joe Terceira, and Toronto real estate lawyer Robert Adourian where Robert will discuss and define power of attorney.

A power of attorney is a legal document where someone says, “I authorize another person to act on my behalf to do my banking, or my business or my real estate transactions.”
– In what context would a power of attorney be used in a real estate transaction?
– Should a buyer be considered when a seller uses a power of attorney?
– What information should the attorney be expected to provide?
– At what point is a power of attorney no longer valid?
– Do lenders have any issues when a power of attorney is used?

Robert answers all these questions and more regarding a power of attorney in real estate transactions.
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For further information or assistance in regards to a power of attorney, please contact one of our Toronto family lawyers or Robert Adourian at 416-446-3303.