- Joined
- Nov 20, 2016
- Messages
- 4
looking at a AFS schedule and item #9 says:
Seller will execute complete power of attorney to buyer if unpaid sellers equity minus balance of sellers existing mortgage is less than $50 000.
Can someone explain to me this clause and why it's needed?
Thank you in advance for any help you can provide.
Jason
Seller will execute complete power of attorney to buyer if unpaid sellers equity minus balance of sellers existing mortgage is less than $50 000.
Can someone explain to me this clause and why it's needed?
Thank you in advance for any help you can provide.
Jason