• admin
• September 30, 2022
• Expert advice

How to Do Power of Attorney

In New York State, both the sellers and purchasers are required to attend the closing in person. In the event that the party is unable to attend the closing in person, he/she (the principal) can do a power of attorney to authorize an agent to sign the closing documents on behalf of the absent party.

The agent shall be a competent person who has appropriate age and competence to sign the legal documents. The principal shall have the power to conduct the legal act when the legal documents are signed by the agent.

The power of attorney shall be in strict compliance with the legal form by New York State. The principal shall sign the power of attorney in front of a notary public and have the signature notarized. In the event that the principal signs the power of attorney outside of the territory of the United States, the notary shall be taken at the overseas U. S. consulate by a notary public.

There are strict requirements of the form, execution, and notarization of a power of attorney. Please make sure to consult with a professional attorney for details in advance before the party decides to use power of attorney at the closing.