Title Company/POA Contract

[mindymouse01]

Just made an offer on a contract and it was accepted. I’ve used Mason twice in the past so I asked if this could be done again. They said that was fine and no issue. I recently received an email stating the seller wanted to use TRCS as this was a POA contract. I don’t know anything about this company but I’m guessing they are ok? I assume Mason could handle this as well though?

 

[Henwen88]

Who is paying the closing costs? I would think that party could choose the title company.

 

[RoseGold]

I don't see why any title company wouldn't be able to handle a legit POA situation. This sounds weird to me, honestly I'd consider this a red flag.

 

[mindymouse01]

Who is paying the closing costs? I would think that party could choose the title company.

That was my thinking as well. I am the one paying the closing costs. The broker has stated that TRCS is the only one who can handle the POA contract. I have no clue if that is correct or not but it seems strange.

 

[RoseGold]

I'd walk. There are so many other contracts, a weird, potentially problematic POA situation is not what I'm looking for.

 

[mindymouse01]

I'd walk. There are so many other contracts, a weird, potentially problematic POA situation is not what I'm looking for.

I’m starting to feel the same. Is a POA contract typically more difficult than normal? Bad vibes at the beginning always makes me nervous.

 

[RoseGold]

I’m starting to feel the same. Is a POA contract typically more difficult than normal? Bad vibes at the beginning always makes me nervous.

I mean the title company's job is to make sure you have title. So even a really complicated POA scenario is their problem, sort of. It's possible this mess makes closing more expensive? I have a lot of questions, and that's not the situation I like when there is SO MUCH on the market that isn't messy.

 

[mindymouse01]

I spoke with Mason and it was confirmed that they absolutely handle POA transactions. As such,
I let the broker know we were going to walk away.

 

[Louis morrell]

Your money, your choice as to closing agent.