Posted by River City on April 27, 2006 at 13:14:10:
Whether or not your “long distance friend” wants the investor to have control, he should work very closely with the investor to ensure that everything is worked out to benefit everyone involved. In addition, in this particular case, the investor IS in control. Investors are not required to take a short sale. If they are willing to do this, then they are making a huge effort to work with your friend. If your friend has questions regarding powers of attorney, he should ask the investor exactly what they need and when.