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  1. #1
    Join Date
    Mar 2007

    Default Power of Attorney for the Purpose of Selling a House

    My question involves real estate located in the State of: Illinois

    I will try to keep this short.

    We inherited our parents home. We have a buyer and had a scheduled closing date for next week. Now the title company has decided they don't like that we have a Power of Attorney for the purpose of selling this house. There are 7 of us on the deed and we all agreed to have a lawyer set up our brother as POW because we live in different states. Chicago Title at the last minute decided they want all of us present at the closing. That will be nearly impossible to pull off. Now our buyer is balking because the bank won't guarantee the current interest rate. We were advised by our attorney to set up this POW ...where do we stand with this now....are we at the mercy of the title company?

  2. #2

    Default Re: Power of Attorney

    Your attorney should be working with the title company but times are different. My suggestion is for all of you to make arrangements to show.

  3. #3
    Join Date
    Oct 2008

    Default Re: Power of Attorney

    Normally attorneys work with the title companies that they order title searches from and keep a pretty friendly relationship with them. What exactly don't they like about the POA? A POA is usually a standard document, which can be utilized by people at almost anytime, I don't see why it would be an issue for a title company. You should speak to your attorney and find out what the problem is.

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