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How to use or fill out Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser - Wisconsin

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Click ‘Get Form’ to open it in the editor.
Begin by filling in your personal information at the top, including your name, address, and contact details. This ensures that all parties are correctly identified.
Designate your Attorney-in-Fact by entering their name and county. This person will act on your behalf in the real estate transaction.
Clearly describe the property involved in the transaction, including its address and legal description. This is crucial for identifying the specific property being purchased.
Review the powers granted to your Attorney-in-Fact, ensuring they have full authority to execute necessary documents related to the purchase.
Sign and date the document at the bottom. Ensure you also have it notarized as required by Wisconsin law for validity.

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What is the difference between a specific and limited power of attorney?

Specificity is Key in Powers of Attorney These documents will remain in effect until the creator rescinds the order or the subject dies. By contrast, a limited power of attorney grants only specific powers to the holder.

What are the two main types of powers of attorney in Wisconsin?

Powers of attorney (POAs) are a key part of advanced directives that prepare for potential incapacitation. The two main aspects are health care power of attorney and financial power of attorney which outline what decisions the agent can make for you.

Can you sell a house if you have POA?

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.