Tag: power of attorney

What to do when the home seller has dementia?

A Power of Attorney allows a person with dementia ("the principal") to name another individual ("the agent" or "attorney-in-fact") to make financial and other decisions when the person with dementia is no longer able.  As with any Power of...

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Using Power of Attorney? Think again

Fannie Mae recently issued new restrictions on the use of power of attorney (see bulletin details). As a result, these new restrictions will apply to virtually every real estate transaction.  One important restriction is that if you are doing...

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