Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser - Michigan 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in your name and address at the top of the form. Ensure accuracy as this information identifies you as the principal.
  3. Designate your Attorney-in-Fact by entering their name and county. This person will act on your behalf in the real estate transaction.
  4. Provide the property address you wish to purchase, ensuring it matches official records for clarity.
  5. In the legal description section, attach Exhibit A if necessary, detailing any specific legal descriptions required for the property.
  6. Sign and date the document where indicated, and ensure that two witnesses also sign to validate your power of attorney.
  7. If applicable, have a notary public acknowledge your signature to enhance the document's legality.

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Price on application (sometimes price on asking), more commonly abbreviated as POA, is a term often seen on price lists, classified advertisements and is commonly used with regard to real estate prices.
Yes, a power of attorney can sell a house if the document explicitly grants that power and the agent follows legal and ethical obligations. However, limitations exist, and misuse can lead to legal disputes. If you need assistance with real estate transactions under a POA, The Lange Firm can provide expert guidance.
In California, there are four main types of POAs, each offering a specific scope of decision-making power: general, durable, limited, and medical. Understanding these distinctions is crucial for selecting the POA that best suits your individual needs: General Power of Attorney.
A Michigan real estate power of attorney grants a representative the authority to handle real estate transactions on behalf of someone else. Individuals often use this form if theyre unavailable to manage their rental properties or sign closing papers.
Agents should not be designated as the authorized agent on a POA for their clients. Many brokers discourage their real estate agents from acting as an authorized agent on a POA for their clients.

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Closing attorneys will review the property title and closing documents prior to closing. They will also secure the transfer of funds from buyer to seller, and satisfy any outstanding liens, mortgages, or other debts secured by the property.

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