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Real Estate Law Forum
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Your Hosts: William Bronchick, J.D. & John Merchant, J.D.
John Merchant is retired lawyer and long-time real estate investor. He's owned commercial real estate of every type in a number of states. He's a frequent speaker at real estate investment gatherings and contributes real estate investing articles to various real estate newsletters and publications. |
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#1
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Posted by Dan Campbell on September 25, 2001 at 07:11:47:
My mother-in-law has power of attorney for her late husbands aunt.Aunt Sally is in a nursing home with Alzheimer's. Her house has been vacent for about a year,her lawyer say's the house has to be sold by sept of 2002.I have two questions 1) Can my mother-in-law sell this house any time she wants. 2)Who set's the selling price for the house. Thanks Dan |
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#2
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Posted by William Bronchick on September 25, 2001 at 18:53:28:
If it is a "durable" power of atty, it is still effective during the Aunt's incapacity. This would give your mother-in-law full power to negotiate and sell the property. However, I would make sure you have an atty review the document and your state law. |
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