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Power of Attorney 3/14/13

Power of Attorney 3/14/13. Power of Attorney. Ho m e B ridge wi l l al l ow t he u s e of a P ower of A tt orney ( P O A ) on an e x c ep t ion ba s is t o: A c t i v e Mi l i t ary P er s onnel, or A c t i v e Mi l i t ary C on t ra c t o r s

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Power of Attorney 3/14/13

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  1. Power of Attorney3/14/13

  2. Power of Attorney HomeBridgewillallowtheuseofa PowerofAttorney(POA) onanexceptionbasisto: • Active MilitaryPersonnel,or • Active MilitaryContractors Foranyotherextenuatingcircumstances,HomeBridgemust PriorApprovethePOArequest. POAisnotallowedonacash-outrefinancetransactions

  3. Power of Attorney • POAisallowedforclosingonly;itcannotbeusedfortheexecutionofthe initialapplicationanddisclosures. • POAmustbespecifictothetransaction • POAmustincludetheborrowername,propertyaddressandloanamount • Iftherearetwoormoreborrowersontheloan,atleastoneborrower mustbepresentfortheclosingandsignfortheabsentborrower (astheirattorney-in-fact) • ThePOAmustberecordedalongwiththemortgage

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