Using a Power of Attorney (POA) in a real estate transaction is not as straightforward and simple as it would appear to be. This column will examine many of the issues that need to be considered and will also point out the difficulties that can arise if best practices are not followed. What is a
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Lorne Shuman / February 23, 2015
ASSIGNING AN AGREEMENT OF PURCHASE AND SALE
An Assignment of an Agreement of Purchase and Sale (“Assignment”) takes place when the original purchaser from the builder assigns or sells the contract that it signed with the builder. This column will address many of the issues that need to be considered in an Assignment. Most builder Agreements contain a clause which prohibit or