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How to Edit The Revocation Of Power Of Attorney quickly and easily Online
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A quick guide on editing Revocation Of Power Of Attorney Online
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What should I do? My parents took a home loan under my name promising they will pay the installments, my mother took its power of attorney. They aren't paying it and I'm on maternity leave so I can't pay that anymore. I am scared of the legal actions
I am sorry for your predicament. You are the home owner as the loan is under your name. A bank will never give a loan to any person who is not the full or part owner. So whatever the financial arrangement between you and your parents, as far as the bank is concerned - you are responsible as well as accountable for the payments. If the loan instalments are defaulted, the bank will proceed into repossession actions.I don’t understand the Power of Attorney part. What is this PoA? Banks don’t work and grant loans on the basis of PoA. In any case, you must also get hold of the power of attorney and destroy it. If your parents are not returning it, you can get it revoked. I hope you have not signed an irrevocable PoA. Check here: Revocation of Power of Attorney: Everything You Need to Know.Secondly, get well soon and start paying the instalments. This is because bank is not going to go after your parents, but you.Start dealing with your parents in a straight way. Ask your parents, either pay up or return the capital. Threaten to go to court. In the matters of money and business there are no friends and relations - only correspondents (a favourite line that I am borrowing from the book - The Count of Monte Cristo by Alexandre Dumas).The results otherwise will be too bad.
What can be done if I signed a power of attorney to my husband, but I don’t really remember because I was always under heavy strong mental meds?
U.S. perspectiveYou can revoke a power of attorney by completing and signing a revocation. You can look at a sample revocation at Create a Revocation of Power of Attorney | Legal Templates (and elsewhere online).Because you do not know whether or when you may have granted the power, you could revoke “any and all powers of attorney” granted to your husband.Reading between the lines, it appears that your relationship with your husband may be such that you should consult with a family lawyer concerning this and other matters.
How much stamp paper is reqiured for revocation of power of attorney?
Revocation of Power of Attorney.In Florida, a new power of attorney does not revoke an old one unless it specifically indicates this wish. Any writing, signed by principal, may be used to revoke any power of attorney.Florida Power of Attorney ActI’m not sure what you mean by “stamp paper.”
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