Legal Question in Real Estate Law in California

Re: special power attorney rights

How about revoking the power of attorney and providing him with a new one limiting his powers to the right to negotiate and agree on a price. The escrow instruction should say that payment goes to you, and you should be the one to review them. Then you can negotiate whatever you want as compensation for your dad.

Re: special power attorney rights

this all depends on whether or not you have ACTUALLY given your father special power of attorney (POA) already, or if you are still deciding whether or not to do so. we would need to know these factual details first. if you have not given such POA, then you would be VERY wise to place conditions on it first, if you would like to go that route, i.e. perhaps granting him a very limited POA to simply put the transaction together, but NOT to receive all the proceeds from escrow. with a limited POA, you would have greater protection and could tailor the escrow instructions to deliver an agreed upon payment DIRECTLY to you, rather than waiting or hoping your father will be forthcoming in delivery of your proceeds if EVERYTHING goes to him thru escrow, instead of being divided accordingly between you two. if you have already given your father POA, you may want to have it revoked immediately and replaced with a limited version, as discussed here. if you would like SERIOUS legal assistance and/or direction in this VERY important matter, contact us today for a free consultation.