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Cool Home Equity Loan Power Of Attorney References. A power of attorney (poa) is a legal document giving one person (described below as the “agent”) the power to legally bind another person. Certificates of deposit (cds) premier money market;
The agent submits two forms of identification as well as proof that the homeowner was competent. Norwood clarified that if a power of attorney is used to close a home equity loan, the power of attorney must have been executed in the office of the lender, a title company. The court determined that the constitution forbids using a poa to close on an equity loan unless that poa was executed (signed) at the lenders' office, at an attorney's.
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