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How to use or fill out Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - Mississippi
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Click ‘Get Form’ to open it in the editor.
Begin by entering your name and address in the designated fields at the top of the form. Ensure accuracy as this information identifies you as the seller.
Next, provide the name and address of your Attorney-in-Fact, who will act on your behalf during the transaction.
In the section labeled 'Legal Description', attach Exhibit A that contains a detailed legal description of the property being sold.
Fill in the common address of the property you are selling, ensuring it matches official records for clarity.
Review and confirm all powers granted to your Attorney-in-Fact, which include executing necessary documents for closing and receiving funds from the sale.
Sign and date the document at the bottom. Ensure that a notary public witnesses your signature to validate this power of attorney.
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How much does a power of attorney cost in Mississippi?
The cost of creating a power of attorney in Mississippi can vary based on numerous factors, including the type of POA, the complexity of your needs, and the professional you choose to draft it. A straightforward POA may cost as little as $200, while more complex arrangements can rise to $600 or more.
What if POA is not docHubd?
A general power of attorney, which grants someone the authority to act on your behalf for a wide range of financial or legal matters, does not require notarization to be valid under California law. However, it must be signed by the person granting the power (the principal) in the presence of a witness.
Does a power of attorney have to be docHubd in Mississippi?
Mississippi law doesnt require powers of attorney to be docHubd. However, signing your durable power of attorney in the presence of a certified notary public can be beneficial. Many financial institutions wont accept a power of attorney unless its been properly docHubd.
Which is better, general power of attorney or special power of attorney?
Conclusion. A Special Power of Attorney (SPA) is required for specific, often major transactions (e.g., sale of real estate, making donations, compromising claims), while a General Power of Attorney (GPA) covers a broader range of administrative or routine acts.
How to give someone power of attorney in Mississippi?
What Are the Legal Requirements of a Financial POA in Mississippi? Mental Capacity for Creating a POA. Notarization Requirement. Create the POA Using a Form, Software, or an Attorney. Sign the POA in the Presence of a Notary Public. Store the Original POA in a Safe Place. Give a Copy to Your Agent or Attorney-in-Fact.
Related Searches
attorney in fact meaning
Related links
2011 - Instructions for Form 1120S
Jan 31, 2012 Power of Attorney. Internal Revenue Service. A foreign country or U.S. 531310 Real Estate Property. Scientific, Technical. Parks
by BH Pollitt 1932 Cited by 7 The power of attorney given by A to B limited. 7 Compare, Pound Held that the power was limited and special, and gave no authority to sell real estate.
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