I'm concerned about the following text in a real estate transaction for a home I am selling in FL. It will be difficult for me to be at closing so the title company sent me some documents to sign in front of a notary. All the documents are straightforward except 1 single document buried in the middle of the stack. It says:
"the undersigned hereby authorizes [Real Estate agent name] or [Real Estate agents title company name] to execute any and all documents on my behalf in order to sell and convey the above real property"
It has a line for date and my name but no other verbage or expiration date. I don't understand why this document is needed if i have to sign and notarize all the other documents.
- If the closing falls through on the closing date for some reason (like issues with the buyers lender, etc) does this document give the agent or title company the power to extend the seller contract without my (the seller) consent?
- If the money due to me at closing changes (i.e. they made a mistake or something else changed such that the funds due to me are less than i was notified about in the closing disclosure) do they have the right to sign and allow the closing to proceed even if it's not in my best interest?