[WSBARP] closing question

[Paul Neumiller]

I agree with Doug.  I have ONLY done this for long-term and trusted clients.  The request seems a little strange to me though.  You would have to prepare and obtain their signatures on Special Powers of Attorney anyway.  If they have the ability to sign a POA abroad (with a notary which is needed because the POA would need to be recorded) then why can’t the client just sign all of the closing documents while abroad?  

 



 

From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Douglas W. Scott
Sent: Wednesday, June 22, 2016 10:54 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] closing question

 

Anthony,  I have signed real estate documents on behalf of long term trusted clients, but only after I received a signed Special POA authorizing me to purchase this specific piece of property for them and in their names, also receipting other details of the sale including how the money would be transferred and to whom.  If you don’t know the buyers I would steer clear until they get back in town.  Until then, have them sign something extending the closing date. 

 

Douglas W. Scott

Law Offices of Douglas W. Scott

Windermere Building

1810 15th Place NW, Suite 203
Issaquah, Washington, 98027
V.  425.392.8550
F.  425-392-2829 

www.davisscottlaw.com <http://www.davisscottlaw.com/> 

 

From: wsbarp-bounces at lists.wsbarppt.com <mailto:wsbarp-bounces at lists.wsbarppt.com>  [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Anthony Gibbs
Sent: Wednesday, June 22, 2016 10:40 AM
To: WSBA Real Property Listserv
Subject: [WSBARP] closing question

 

I got contacted by a PC who is currently out-of-country with his wife. PC plans to close on a house purchase in July and has asked whether I am willing to sign on his behalf.

I'm pretty sure it's not a scam, but his bank has required that a POA be executed by either him or his wife (the borrowers) or an attorney-at-law in order to sign the closing documents. 

He said he's reviewed all the documents and needs only an attorney to sign for him.

My red-flag-o-meter is going a little nuts with this. Has anyone ever "just signed" closing documents at a client's direction without a full review and due diligence? PC said he doesn't have problems or questions with the closing documents.

Any thoughts/comments appreciated!

Thanks,

Anthony



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