Can a power of attorney be used to sell real estate?

In certain states, like California, “General or durable power of attorney cannot be used to sell real estate” says Glen Henderson a top-selling real estate agent in San Diego who also specializes in probate sales.

Can a co-owner force the sale of a property?

The law allows any co-owner to facture the joint ownership via a partition action. Yes! In most cases, ANY co-owner (even a minority owner) can force a sale of the property regardless of whether the other owners want to sell or not.

How old do you have to be to sell your original property?

No, you must be at least 55 when your original property sells. While you may be 54 when you purchase your replacement property, you must be at least 55 when you sell your original property. 5. Will the transfer of an original property or acquisition by gift or devise qualify under Propositions 60/90?

Do you have the right to sell my personal information?

Do Not Sell My Personal Information Homeowners have the right to keep unwanted intruders off their property. People may do this with fences or with signs, or just by asking trespassers to stay away.

Is it legal to use an alias to buy a house?

Sharma used them to open bank accounts with Bank of America and Chase Manhattan Bank, obtain credit cards, and obtain utilities–including with Cox Communications–for his apartment. He even began the process of buying a house from Pulte Homes for $242,000.

What do you need to transfer an estate in California?

Proof that the person who died owned the property (like a bank passbook, storage receipt, stock certificate). An Inventory and Appraisal ( form DE-160) of all real property owned by the decedent in California. You will need to get this form signed by a probate referee.

Who are some famous people that have an alias?

Aliases, pseudonyms and pen names have been commonplace over the years. Take Judy Garland (Frances Gumm), Clive Hamilton (C.S. Lewis), Mark Twain (Samuel Clemens), Lewis Carroll (Charles Dodgson), George Eliot (Mary Ann Evans), and David Copperfield (David Seth Kotkin).

Do you have to file a change of ownership statement in California?

Yes. In those cases where no deed is recorded, California law requires property owners to file a Change of Ownership Statement (COS) whenever real property or locally assessed manufactured homes change ownership.

When to use a special power of attorney?

A special or limited power of attorney is a different kind of non-durable power of attorney used in states like California for real estate transactions when the seller can’t be present due to absence or illness. Because it’s limited in both time and scope, it’s a great tool when you want to give someone a very specific responsibility.

What can a sibling do with a power of attorney?

For example: One sibling gets a power of attorney exclusively to deal with financial issues — like paying bills; another sibling has a medical power of attorney and is in charge of all decisions involving medical care; and a third sibling has a limited power of attorney dealing with real estate.

Who is the principal in a power of attorney?

Power of attorney basics: Who’s the principal, and who’s the agent? POA documents will use special legal terms for the individuals setting up this arrangement: The principal is the person granting the power of attorney to someone else. The agent or attorney-in-fact is the person who receives the power of attorney to act on someone else’s behalf.

Why do you need a power of attorney for a condo?

Powers of attorney essential for condo unit owners. A power of attorney (“POA”) is a legal document that gives someone else the right to act on a person’s behalf. These documents can be used to oversee personal care or to handle assets and property, and can be customized to suit the precise requirements of each person.

Can a power of attorney be issued to a unit owner?

W ithout proof of their authority or a valid proxy from the unit owner, persons named as a power of attorney cannot be considered as the owners’ attorney or treated as the unit owner or issued ballots or counted towards quorum at meetings.

Can a person sell a home with a power of attorney?

So if they sell your home for a lower price when they received offers that were higher, you could hold them accountable for the difference. This person also cannot sell the property to him or herself. Powers of attorney documents can vary based on the type.

Can a special power of attorney be used?

A special power of attorney is limited to one asset such as this Scottsdale condominium. On the other hand, a general power of attorney would give you control over all of your brother’s personal and real property.