Legal Question in Real Estate Law in Pennsylvania
title transfer,power of attorney
i am selling my home and would like to know how i can protect the profit from the co owner, he has agreed to let me have the profit, but i was wondering if there is a form that i could download and have him sign putting the home in my name. that way he would not have to attend the settlement. a "power of attorney" is that what i need to have him sign?
1 Answer from Attorneys
Re: title transfer,power of attorney
I suggest you consult an attorney. There are problems that could be created by not consulting an attorney and problems that could be avoided if you consult an attorney. Yes, you would need a power of attorney. But you need a formal agreement whereby the joint owner would waive any interest in the proceeds. The question you ask is too complex for you to handle on your own. If you had a power of attorney and no writing of release the joint owner could change his/her mind. Without a document to substantiate your agreement any oral promise could be challenged.