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Geez...my mother...
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<blockquote data-quote="DDD" data-source="post: 237650" data-attributes="member: 35"><p>The POA may be a good workable idea but you'd have to run it by an attorney to make sure. I've used POA's for the power to take care of the grandsons but I'm not certain how dual signatures conditions would be enforced.</p><p> </p><p>on the other hand, I do have a qualified opinion on the real estate. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /> Since your Mom evidently is impulsive by nature I don't think "waiting" until summer is going to fly. Waiting is not usually an option that works with impulse control isues. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /></p><p> </p><p>I suggest that you quietly talk with Mom and give her a little preamble by saying that you have been concerned about her choice with the real estate <em>not only </em>because you are worried she might "tie the property up with documentation and not have access to it's value" BUT because with the economy and the real estate market "nobody" could know what the real value might be. Suggest that she call a professional real estate agent and request a free Comparative Market Analysis (CMA). These </p><p>reports are "in writing" comparisons of comparable properties that are currently on the market and include comparable properties that have sold in the past year or two. There is no obligation. Realtors do these CMA's</p><p>in hopes of being used as the listing agent should the owner decide to sell. It helps if you know the agent is honest and qualified.</p><p> </p><p>That is a "safe" action you can take right away. It might take the edge off the urge to "do something". Also, it will indicate the market conditions as they exist right now. Sometimes tentative indications of future growth or decline is included in a cover letter.</p><p> </p><p>Hope that might help. DDD</p></blockquote><p></p>
[QUOTE="DDD, post: 237650, member: 35"] The POA may be a good workable idea but you'd have to run it by an attorney to make sure. I've used POA's for the power to take care of the grandsons but I'm not certain how dual signatures conditions would be enforced. on the other hand, I do have a qualified opinion on the real estate. :winking: Since your Mom evidently is impulsive by nature I don't think "waiting" until summer is going to fly. Waiting is not usually an option that works with impulse control isues. :winking: I suggest that you quietly talk with Mom and give her a little preamble by saying that you have been concerned about her choice with the real estate [I]not only [/I]because you are worried she might "tie the property up with documentation and not have access to it's value" BUT because with the economy and the real estate market "nobody" could know what the real value might be. Suggest that she call a professional real estate agent and request a free Comparative Market Analysis (CMA). These reports are "in writing" comparisons of comparable properties that are currently on the market and include comparable properties that have sold in the past year or two. There is no obligation. Realtors do these CMA's in hopes of being used as the listing agent should the owner decide to sell. It helps if you know the agent is honest and qualified. That is a "safe" action you can take right away. It might take the edge off the urge to "do something". Also, it will indicate the market conditions as they exist right now. Sometimes tentative indications of future growth or decline is included in a cover letter. Hope that might help. DDD [/QUOTE]
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