The children have a POA (Power of Attorney for assets) and Mom has been getting really ill lately.
WE MAY need to sell the house.
The owner of a property is very ill and family members have a POA and they go ahead and list it. If the owner passes away prior to the property being sold does anything change with the listing? Does it have to become the Estate of Deceased?
There must be an event (other than procrastination) that triggers the validity of the POA. This creates a medical (MOH) Form 21 Certificate of Incapacity under section 54(4) Signed by the attending physician.
If your parent was to pass away prior to the closing of the sale, the estate trustee, would arrange for a probate certificate.
As always, call an Accredited Senior Agent who has the answers that you need. Always seek a legal opinion for guidance.
David Pylyp
#Bythewater in Etobicoke
Is it better to meet at Horton's or Starbucks for a coffee?
It is informal; close to your location of choice. An informal, casual and non threatening meeting place.
In this digital day and age, Forms and PDF's we can read are on my iPAD, or on my laptops, Digital Signatures and rocket sticks for instant online access. Will I register you into the Buyers Registration
System with your Home Selection Criteria?
We will discussing your financial capacity, employment and urgency for being located into the new property. Your credit score, down payment sources and when funds will be available with the offer.
I will need to print for you a sample of available properties for sale that meet your availability and timing. This is then packaged for you into a Buyers Agency folder with;
Or we could meet at my Office.
Yes, I keep an office because we still need the PRIVACY.
We need a location where you can look at an offer, read the information, digest the content and context, ponder and consider the negotiation at hand and formulate a decision, WITHOUT ambient noise and over your shoulder Looky Lou's....
Yes even in this day and age with the work from home concept; I still like my office. Where would you like to meet?
Shopping this summer? Lets get started...
+David Pylyp
