The Lawyer Says...You could STEAL our House !

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

Say WHAT ?  A Buyer was talking to a lawyer about other matters...in a different state with a "newly baptized lawyer."  They were talking about a Power of Attorney.  About 99% of our closings are done with us having the Power of Attorney at closing for our Sellers. It's easier...we of course change nothing from the offer that is signed...many times Sellers have already moved..can't be at the closing at the Buyers' schedule date...are divorced/divorcing and won't be at the closing at the same time...a Power of Attorney simplifies all of that. 

    We also have the lock box combination...or Sentrilock code...we could empty the whole house of the contents under the Lockboxguise that there was a showing and haul it all to an undisclosed location.

   Steal your house ?  We are acting on your behalf, following the documents you have already signed which most importantly includes the Buyers' offer to purchase...you have agreed to the price and other terms of the contract ..our "limited power" reflects the dictates of those signed documents. Could we "steal your house"?  I am not even sure what that means...how could we take title to a house for which we did not have an accepted offer ?  What title company would honor that sale ?  Would we have to pay cash ?  Not likely a lender would accept a Highest and Bestmortgage loan with no accepted offer to purchase. 

   It would sound to first time sellers like a lawyer would be the highest and best source of information.  No...a new lawyer from another state is practicing outside their area of expertise and should not have given such an answer. 

      If you are looking for the highest and best source of information on real estate in southeastern Wisconsin, Call Sally K. & David L. Hanson, Broker Associates with EXP Realty, LLC, 414 525 0563, if we don't know the answer, we will research or refer you to the highest and best source.

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


home worth iconemail iconhome searchLinked In  facebook

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices
Tags:
power of attorney in real estate
real estate power of attorney

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,515,265
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

People work with you because they trust you, so if they don't trust you, perhaps they should find someone that will tell them what they want to hear, but actually be more likely to steal their house, haha.

Jun 22, 2019 06:32 AM #1
Rainmaker
307,323
Dave Rosenmarkle
Highland Realty - Arlington, VA
32 years of providing fully satisfying service!

Not sure I would use that lawyer were I living in his state!  

Jun 22, 2019 06:54 AM #2
Rainmaker
3,157,815
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Really? What stupid advice from that lawyer. Work with the Hanson's who you can TRUST!

Jun 22, 2019 07:54 AM #3
Rainmaker
1,897,032
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Sally and David - lawyers have areas of expertise and being a lawyer doesn't mean they can do everything.

Jun 22, 2019 07:54 AM #4
Rainmaker
4,951,956
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Sally K. & David L. Hanson (sally).... I'd rather deal with a newly licensed agent than a "newly baptized" lawyer.... the latter is the most dangerous... 

Jun 22, 2019 08:07 AM #5
Rainmaker
3,055,234
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

HI Sally... of course, those power of attorney are also very limited in scope. Here in my market brokerages have pretty much banned agents from serving in a POA capacity... E&O insurance won't cover possible problems. I've done more than my share of mail-away closings over the years.

Jun 22, 2019 08:31 AM #6
Rainmaker
3,138,436
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Sally and David,  This is the lawyer that gives others a bad name in their profession.

 

Jun 22, 2019 08:53 AM #7
Rainmaker
3,302,925
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Sally and David - that's quite the revealing statement, isn't it?  And what it reveals about this attorney seems to  speak volumes.  

Jun 22, 2019 10:14 AM #8
Rainmaker
4,402,568
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Sally and David, and the ignoramus with degrees spout and sput ad nauseum, like the newly minted real estate agents and all other overnight experts...A

Jun 22, 2019 11:31 AM #9
Rainmaker
1,199,636
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Sally K. & David L. Hanson - Very interesting subject. In Sedona or all of Arizona, we don't use lawyers. Some well to do owners do have lawyers on retainer who look at the contracts and some are agents. It is very rare that I ever deal with a lawyer. 

Jun 22, 2019 12:24 PM #10
Rainmaker
3,796,507
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good afternoon Sally K. & David L. Hanson ,

Good grief this newly baptized attorney has so much to learn! He is an ignoramus as Ron and Alexandra Seigel so aptly stated!

Jun 22, 2019 01:11 PM #11
Ambassador
3,781,712
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David did this Attorney read the power of attorney document, or did he just make an assumption on a document he had not read?

Jun 22, 2019 02:46 PM #12
Rainmaker
1,843,215
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

So, title companies and lawyers can pass around houses like pancakes?

Seems right to me...

Jun 22, 2019 03:56 PM #13
Rainmaker
3,237,065
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Exactly George Souto a newly "baptied" California lawyer who is of course well versed in Wisconsin real estate law...oh not...

Jun 22, 2019 04:09 PM #14
Rainmaker
3,574,902
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Sally. You and David are the best and anyone would do well to have you to work with.

Jun 22, 2019 04:28 PM #15
Ambassador
3,838,884
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Sally and David- it seems that some with titles like to toss stuff around just to make it sound as if they know what they're talking about. 

Jun 22, 2019 05:22 PM #16
Rainmaker
2,884,267
James Dray
Fathom Realty - Rogers, AR
Exceptional Agents, Outstanding Results

Morning Sally.

Sounds like that (so called) lawyer needs to go back to school. 

Jun 23, 2019 02:04 AM #17
Rainmaker
430,356
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Interesting, and lawyers don’t understand why NOBODY TRUSTS THEM!!!!

Jul 22, 2019 12:00 AM #18
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,237,065

Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
*
*
*
*
Spam prevention