What happens if not all required sellers have signed the purchase agreement before closing? NC

What happens if not all required sellers have signed the purchase agreement before closing? – North Carolina Short Answer In North Carolina, if all required sellers (or a properly authorized agent under a valid power of attorney) have not signed the purchase agreement and related closing documents, the closing usually cannot move forward as planned.…

How do I confirm that my power of attorney specifically allows signing real estate contracts and deed transfer documents? NC

How do I confirm that my power of attorney specifically allows signing real estate contracts and deed transfer documents? – North Carolina Short Answer In North Carolina, confirmation starts with reading the power of attorney (POA) itself to see whether it grants authority over real estate transactions and whether any limits apply to signing contracts…

If a company wants to take part ownership of my property until I get paid, what risks should I watch out for before I sign anything? NC

If a company wants to take part ownership of my property until I get paid, what risks should I watch out for before I sign anything? – North Carolina Short Answer In North Carolina, giving a company “part ownership” of real estate until payment often functions like a financing deal, even if it is labeled…