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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.