Power of Attorney to Closing Company?

[In the Pink Senior Member Find all posts View Profile Close In the Pink]

I'm in the process of purchasing my first TS on ebay and the closing company has sent me a limited power of attorney to sign appointing somebody there as my agent to sign on my behalf preventing delays and additional costs to me, otherwise the transfer process could involve several requests for notarized documents.

I'm thinking no problem.... send them to me and I'll sign and get them notarized (I have friends who are notaries, won't cost me a dime). I don't gain usage until 2009, so there's not a huge hurry. Is this power of attorney to the closing company something standard or am I right in thinking I'm not giving up that power to a stranger???

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

I really don't know, but I have bought and sold several timeshares without using it. It seems this came up just a short while ago- it did - here:
http://www.timeshareforums.com/forum...-property.html

[In the Pink Senior Member Find all posts View Profile Close In the Pink]

Thanks, Tony.... although that discussion seemed to be specific to the State of Florida, and regarded the SELLER giving power of attorney to closing agent, rather than a buyer. As a seller, I don't think I'd have as many reservations about signing that away as I do as a buyer. I'd appreciate any comments on a buyer granting POA.

[tabbyc Senior Member Find all posts View Profile Close tabbyc]

Why and What For?

In Florida the buyer does not have to sign the documents.

So I'm unclear on why the limited power of attorney is needed.

Without reviewing the documents you may not get what you bought.

You have chosen the right path by waiting.

[In the Pink Senior Member Find all posts View Profile Close In the Pink]

In Florida the buyer does not have to sign the documents.

I'm buying in Mexico.

Without reviewing the documents you may not get what you bought.

You have chosen the right path by waiting.

Thanks.

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Last TS we bought was through Holiday, and we executed a Power of Attorney for handling paperwork. The POA did not include the deed - the deed, of course, is the critical document.

Personally, if you're dealing with a reputable company I wouldn't worry about executing a POA provided it you're not also assigning the right to execute the deed.`