Mortgage Finance: Power of Attorney

Print

Mortgage Purchase Program (MPP) Conventional Financing Option Getting Started Interest Rates Income and Sales Price Limits Closing Cost Assistance Participating Lenders Eligible Property/MPDU First Time Homebuyer Education Home Inspection Documentation Terms and Conditions of MPP Mortgage Recapture Tax Power of Attorney Free Credit Report Payment Calculator Frequently Asked Questions(FAQ) Mortgage Vocabulary

For Lenders    |    Special Programs for HOC Residents    |   HOC Existing Loan Customers Power of Attorney Seller HOC does not restrict the use of a power of attorney for the seller.     Borrower HOC requires at least one borrower to attend the settlement in person. HOC prefers that all borrowers attend the settlement in person.   A power of attorney may be used for an absent borrower. The absence must be due to a necessity and not simply some inconvenience.   The power of attorney must be for the specific transaction and not a general power of attorney.   HOC must approve the borrower’s power of attorney before settlement occurs.