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Thread: Buying A House With POA

  1. #1
    Join Date
    May 2012
    Posts
    142

    Default Buying A House With POA

    As above, how can i be sure the POA is still valid?

    Seller's agent show me a POA court letter that dated almost 10 years ago.

    And the POA has banked in the 1% cheque w his name yesterday but ive still not see the option contract.

    Now the agent says the POA request 4% not go to state holder but to POA.

    What can I do to prevent getting conned?

  2. #2
    Join Date
    Mar 2008
    Posts
    1,014

    Default

    Quote Originally Posted by may2012
    As above, how can i be sure the POA is still valid?

    Seller's agent show me a POA court letter that dated almost 10 years ago.

    And the POA has banked in the 1% cheque w his name yesterday but ive still not see the option contract.

    Now the agent says the POA request 4% not go to state holder but to POA.

    What can I do to prevent getting conned?
    POA is valid usually for 6mths to 1 year, best to seek legal advice.

  3. #3
    Join Date
    Jul 2011
    Location
    Earth
    Posts
    4,063

    Default

    Quote Originally Posted by latour
    POA is valid usually for 6mths to 1 year, best to seek legal advice.
    POA = power of attorney?

    Well, I am the POA for my bro's flat cos he is not in Singapore.
    From my understanding, according to the lawyer, he should update the POA once in 3 years.
    For your case, better to speak to the owner and ask if the party is still his POA.
    Also better to seek a lawyer's advice as to whether the POA is still valid.

  4. #4
    Join Date
    Jan 2012
    Posts
    64

    Default

    usually POA deadling wiht properties will be filed with the High Court too (and it's revocation, if any, will also be filed). maybe can check with High Court?

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