So long as the contract is properly written, a provision providing that the buyer will sign a Deed to avoid having the seller go through a foreclosure process to reclaim title to the property would be enforceable.
Can an LLC Assign Power of Attorney to a Non-Director or Non-Member to Handle Its Business Affairs?
A Limited Liability Company does have the legal authority to appoint an individual as “Attorney in Fact” using a Power of Attorney document.
But there are two organizational specifics that must be reviewed prior to making such a determination for the LLC.
If Co-Signers Cannot Be in the Same Location, Can They Each Sign Separate Documents Individually?
Generally, there is no legal requirement that all signatures must appear on the same document, but that is assuming some key points.
If a Husband Gives Money to Charity in His Will, Must a Wife Honor the Bequest if She Outlives Him?
To answer this question properly, the specifics of how a couple’s property is titled and the exact content of the language of the Last Will and Testament is crucial.
If a Beneficiary is to Receive a Sizeable Asset in a Will But That Asset is Sold Before the Maker’s Death, Does That Beneficiary Receive a Share of the Remainder of the Estate?
How specifically-named assets of a Last Will and Testament are treated if they are sold prior to the death of the Maker vs. the remainder of the assets of that same estate depends upon the exact language contained within the Will document.
Is a 15-Year-Old Last Will and Testament Listing Assets No Longer a Part of the Estate Still Valid?
A Last Will & Testament does not need to list specific assets correctly to be valid, nor does the age of the Will have much to do with its authenticity or validity.
Is it Wise to Bring Pro Se Legal Forms to an Attorney’s Free Consultation?
No lawyer will help you complete pro se legal forms for free during an initial consultation. That’s not the purpose of a consult.
If a Second Power of Attorney Document is Created Naming a New Attorney-in-Fact, Does That Document Revoke the First One?
A Power of Attorney document is valid until it is revoked.
When two such documents are executed, the issue becomes whether or not the second document was intended to revoke and take precedence over the first one.
If I Have Multiple Living Will Documents, Will a Notary Signature on One Be Enough to Cover All?
A complete Living Will indeed does contain a number of different documents: an Advanced Healthcare Directive document, Durable Property Power of Attorney documents, a HIPAA Medical Records Release Authorization form, the Notice of Final Disposition document, etc.
Sometimes these documents are provided separately, sometimes they are folded into one long document.
If an LLC’s Sole Member Dies, Can the Agent Continue to Operate the LLC?
A review of the LLC Operating Agreement would be required. Absent language specifically addressing the issue in the Operating Agreement, the death of a sole member usually results in the dissolution of the LLC.