Property Transfer through P.O.A.


This query is : Resolved 

Quick Summary
This discussion clarifies who should receive the funds when a property is transferred using a Power of Attorney (POA). The consensus is that while the POA holder can receive the payment on behalf of the owner, the ultimate destination for the funds must be the original owner, also known as the executant of the POA.

(Querist)
15 August 2024 Please guide whether Considerations towards transfer of property through
P.O.A. to be received in name of the Executant,the real owner ,of the P.O.A. or the P.O.A. holder ?

Thanks

15 August 2024 If you had given power to receive money by attorney on your behalf, the seller can pay it to POA holder.

mohan sehgal (Querist)
15 August 2024 Ultimately the considerations should reach the Executant or not ?

15 August 2024 Yes, to the original owner of the property.

26 August 2024 Good luck.


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