A Pennsylvania real estate power of attorney is a legal contract that allows individuals to appoint a representative who will make property-related decisions in their place. The creator of the document (the principal) will designate the powers given to the agent and the contract term, which can be used to authorize an agent to purchase, sell, and manage property for the principal. The principal can also appoint a financial agent to refinance their mortgage using this document. Once the power of attorney has been properly signed, the agent will be legally authorized to make real estate decisions and sign legal documents in the principal’s name.
Laws – Powers of Attorney (P.C.S. Title 20, Chapter 56), § 5601.4(f)
Signing Requirements – Two (2) Witnesses and Notary Public (§ 5601(b))
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