Power of Attorney in Real Estate – Risks and Precautions
A Power of Attorney (PoA) allows someone to act on behalf of the property owner—handling decisions like selling, leasing, or managing the asset. It’s useful when the owner is unavailable, such as NRIs or elderly individuals. But here's the catch: PoA can be misused if not executed and verified carefully. Forged or outdated PoAs are a common cause of property fraud. Always check...
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