I am looking to get a power of attorney to make a purchase of a property for my mother. My mother is a foreign national, who travels to the US using a Visitors Visa. She currently has various US bank account. I would be making the purchase of a property using those account. How do i go about obtaining a power of attorney document in Virginia, USA. Where should the documents be file or does it just have to be notoried.?
Worried First, obtaining a loan for a foreign national is difficult if not impossible in any foreign country. Each bank has its own specific power of attorney for it own bank accounts. As for the real estate transaction, you should contact a title company. They will instruct you to which kind of P/A is needed in their state. It is usually a very specific power of attorney used only in connection with the purchase / sale and finance of a property and has limited or no powers other than that. so is transactional in nature. Soccerref
frequently legal specialists do no longer charge plenty for drawing up documents like wills and means of legal specialists. and it truly is advisable to have one in touch, because of the fact they have their very own notary people who can come on your mom, and the criminal expert may well be yet somebody else who ought to confirm that your determine knew what he/she grew to become into doing inspite of the incapacity. Does your different determine no longer opt to have the means of criminal expert? Or is he/she no longer able? Or do the two your dad and mom choose you to try this. if so, take care of it as quickly as available, if your determine's well being deteriorates extra desirable. i'm sorry approximately your determine's stroke. that's perplexing for the entire kin.
I suggest you contact a real estate attorney in Virginia. You will need such an attorney to protect your mother with the purchase. They will be able to tell you exactly what you need in order to make the purchase legally for your mother. Good luck.
The simplest way is to have her wire the money into your account, make the initial purchase in your name, and then you deed it straight over to her. However, that still leaves you open to Title problems, such as undisclosed liens, which the Seller might be hiding or might be unaware of, and Fraud, such as a Seller who doesn't own the property, or curable defects such as improper Probate in the record, then there are Environmental concerns, and the list goes on. Bottom line is that you need an attorney, and the attorney already knows what the Power of Attorney has to be, it's a commonly used form in such transactions, and there might be issues with a foreign-executed POA. As bigreg says, get an attorney, don't try this on your own.
