Posted by Bill K. (AZ) on February 04, 2000 at 19:37:30:
Why walk away? This guy may be in jail, but life goes on. He’s still got a home in foreclosure. The arrest just adds to his troubles. Why not make it a point to do whatever is necessary to solve his foreclosure problem?
I am not a lawyer so I don’t know the specifics of what the Power of Attorney should say. Some give general powers while others give specific powers. Also, I’m not so sure that he can’t execute a contract while in jail. If so, the Power of Attorney may not be required in any event.
Stay focused on the deal, and ignore his personal legal troubles. You want his home, not him! LOL
I hope this helps.
Bill K. (AZ)