What if we can't be there for the closing on a property we're purchasing?

We had a vacation planned a year ago. We'll be out of the country on the date of our closing. We tried to get a 1 week extension but seller won't budge. What papers can we sign before we leave and can I designate my father as Power of Attorney to finish the transaction until we return?|||You would give your attorney " Power of Attorney" You can also have a close family member such as a mother or father to do this for you to. Just make sure you outline everything and have them fax these to you to review if at all possible because this can also be done. Being out of town is a pain in the butt for some attorneys if your not there, but just think if you were out of state how they would handle it. You can be accommodated for this. I have done this for a couple of my real estate transactions.|||Yes...you can give him limited power of attorney solely for the transaction.|||This is actually a really big deal, and you will have to contact an attorney about this to make sure you get the right information.|||You'll miss a very important party! Oh well, it's understandable. Just provide your father with a limited power of attorney and it should be just fine.|||I would call your lender asap. Getting a power of attorney or someone to sign doesn't mean squat if the LENDER WILL NOT AGREE TO IT. Sorry to be blunt, but it is this simple. Not all lenders will agree to a purchase being signed with power of attorney, especially in these days of tightening underwriting. Call the lender first thing monday morning and see if they will approve it, if not, I hate to say it but it is decision time for you, good luck|||This is not likely to fly. Turn your POA over to an attorney, they tend to make everyone more relaxed.

What is federal withholding?

In my saving account there is a transaction called "Federal Withholding" occurring every month. It occurs on the same date with the transaction called "Interest Earned", which is shown every month too. So what is Federal Withholding? Is it tax? Can I get back those money or is it mandatory?|||That is federal income tax withholding, the same thing that happens with your paycheck. Most bank account holders are not subject to withholding. Talk to your bank's customer service, because something is not set-up correctly with your account.|||This is federal income tax withheld from your interest income, just like federal income tax is withheld from your paycheck. When you file your federal income tax return, this withholding is reported, again just like the withholding from your paycheck. If you have more in total withholdings than you owe in taxes, you will get a refund.





In most circumstances you can have this federal withholding stopped by giving the bank your social security number. Give your bank a call and ask what you need to do to have the federal withholding stopped.

Which NBA team do you think is least likely to win a championship this decade, and why?

A lot of you people probably think the Cavaliers right now. I completely disagree with that, since they traded LeBron for four future draft picks, which many people do not know.





http://espn.go.com/nba/transactions/_/da鈥?/a>|||Timberwolves or Raptors.





You could also arguably add Boston in there, because the chances of them winning are now slim, and after their Big 3 retires they'll have to completely rebuild again.|||The Heat soon as the lakers smash on the heat this year at the finals then the Heat there going to slack it and not make it to the finals and then after 2 or 3 years of still not getting a ring lebron James is going to leave and then chris bosh is going to get mad and go to another team too. (Lakers future back2back2bck Champions again)|||Warriors





They continue to rebuild then at some point they will tear it up and start over again...and again...and again. 10 years from now they will still be rebuilding. The Clippers also have the same reputation but their present roster is the best in years.





Edit: I would have added New Jersey but with the new owner's deep pockets and experience in constructing a winning team, they will do well at some point.|||Raptors and the Cavs


because they lost there star players and they have to start from the beginning and rebuild there teams.|||Warriors, Raptors, Cavileers, t-wolves, bobcats, Jazz, Knicks, Suns, etc.





Because they are not good enough.|||I agree the Cavs don't have the worst odds i believe the Timberwolves do|||it has to be either charlotte or new jersey. for the past decade they failed to strengthen their line up and they didnt do any better this time.|||Indiana Pacers|||Heat





they haven't prove anything yet.|||Mavs. They never win anything. =(|||Bobcats, It just isn't gonna happen.. they spent all that money...for 8th place in the Eastern conference..and they probably won't make the playoffs for the next 4 years or so....|||The Raptors, without Bosh they don't have a go to guy.|||Pacers


.|||i would say the la clippers. they just cant get it done. even when they do have all star talent they still suck.lol..|||heat

Can I renew/upgrade my credit card while waiting for a refund on the old card?

I returned something to Walmart yesterday on an old Chase credit card (and it hasnt processed into my account yet), but I have this new Chase Saaphire card I got in the mail that I need to activate. Its the exact same credit card #, just a newer exp date. If I activate this card before I get the refund, will that mess up the open transaction?|||It sounds like your old card will expire soon, probably at the end of this month. Since the card #s are the same, you can activate your new card and start using it. Be sure to destroy your old card. The credit from Walmart will be applied to your account.





Hope this helps. Good luck.

Buying a house and the seller will not sign FHA addendum! What can be done?

I have a VERY difficult real estate transaction I am working on.This is a foreclosed home I might add. Contracts say that I can choose any financing I want. I chose FHA financing. The seller/bank decided they will not accept FHA loans. They are refusing to sign my FHA addendum now!! Can they do that? What if they hold things up and we can鈥檛 get everything done by the closing date? Can they just back out?|||They can refuse. "Any" refers to conventional loans, FHA is not conventional and should have been mentioned on your initial offer.





You cna not force them to sign this, you are going to have to go with a normal loan or walk.





BTW, they are not backing out. Unless you have a contract stating they will accept FHA you are teh one altering the deal, not them.|||Are you STILL contending with this contract?





I thought you had an attorney. Can't he advise you???





You already have a purchase contract. The FHA Addendum is a contract modification, or in layman's language, a different contract with different terms.





My guess is that sellers don't want that term that allows YOU to back out if the property does not appraise for a certain value. (I believe its paragraph 4 in the addendum.)





**The seller is not backing out.** The seller is simply refusing to change the contract which you already have with seller. It's like you having a contract to buy a car from dealership that has a one year warranty. Then, on date of delivery, you walk in with an "addendum" that states the car shall have a five year warranty. Do you believe the dealership is "backing out" if they refuse to sign your addendum?





You still have the opportunity to perform your end of the existing contract, which is to pay the purchase price by closing date.|||Most likely the reason that the bank won't sell the property to you using a FHA loan is because the property will not meet FHA minumum requirement and the bank is not willing to spend the extra money to bring the property up to meet the FHA loan standard.





So, yes they can back out.





Otherwords, you will not be able to purchase that property if you insist purchasing it with a FHA loan. Often banks have to sell a distressed foreclosure property for "cash only" because the property will not meet any lenders miniumum condition requirements.|||If I understand this correctly.


The bank owns the property.


The bank has the property listed for sale.


You made an offer, the bank accepted.


The bank is now refusing to follow through with the sale because they do not like the source of your money.





Unless FHA somehow reduces the amount of money the bank will receive, they can not back out.





You should see an attorney right away and sue for compliance of the written agreement.|||Just because you want FHA financing doesn't mean the bank does. Yes, they can refuse.

When mailing in a rebate (blu-ray) how can they verify that a receipt has not been altered?

My brother bought a PS3 from Sears on 2/1/08 and the rebate for the 5 free movies clearly states purchases must be made by 1/31/08. He thinks he can just change the date on the scanned receipt and it will work. I told him there has to be a way to verify the information on the receipt with the retailer but he doesn't listen to me. If he does this, can the rebate company look up the transaction details through Sears?|||They probably can, but probably wouldn't take the trouble to do so for every rebate request they get. But there are two problems with his attempted larceny :-D -- first, is he an expert Photoshopper, or is his attempt going to be glaringly obvious? Second, most rebate offers I've seen ask for the original receipt.





I would go back to Sears and see if they would extend the rebate offer for him, if he didn't know the end date of the rebate, if a salesman told him he could get it, if the rebate offer was still being advertised in the store on Feb. 1, etc., etc.|||you have to send in the ORGINAL receipt, they do not accept copies as the rebate form should say


the rebate form should cleary state send ORIGINAL RECEIPT and UPS faximiles or copies will NOT be accept


if he tried to alter the date he is commiting fraud

Notary public for notarizing affidavit of unzuthorized use of credit card?

There was a fraudulent transaction on my credit card a few days ago. I called the bank and closed my account and today I received an "affidavit" for me to fill in to report the unauthorized use. At the end of the form, there is a place for a "notary public" to sign and date. Anybody happens to know more about this? Could a family doctor or a dentist serve as a notary? Thank you.|||No, you need someone who is a notary public to do it and they have a stamp they use too. Just look in the phone book yellow pages. It'll probably cost you around $10.|||NO!!! a notary has to be certified. The bank should be able to do this.|||A bank usually always has a notary on staff because they deal with a lot of legal paperwork. Also, a car insurance office. I don't really know about doctors or dentists but I wouldn't believe so since they aren't drafting legal contracts.|||Actually, if you reported it to your local law enforcement officials, THEY would be able to "notarize" it for you because we can notarize documents while on official Police Business. But to answer your question, anybody who is a notary public can sign off on it when you sign the document in their presence. To make things easier, either report it to your local law enforcment agency as noted above, or USUALLY your bank will do it for free if you have accounts in good standing. Hope this helps!|||A doctor or dentist cannot do it.


Go to a notary public. Thsese are available at banks, or currency exchanges. They normally charge a dollar for verifying your signature. Maybe two dollars. But they are licensed by the state to do exactly that.


Look in a phone book if you don't know where to find one.|||Your neighborhood bank can help you also, normally there are notaries there.Try a postal service place like Mails Plus, Postal Annex etc... Anywhere you see a notary sign can help also. Costs about$10. Have your driver's license or ID ready and they may take your thumb print. Lawyers can help too- their notary has no expiration..|||No. Only a person who is a notary public...every bank has one.


Just stop in %26amp; ask for a notary public and they will point you in the right direction.|||I am a notary public. We are commissioned by the Secretary of State. You can usually find a notary public at a Postal Annex, UPS store, etc., or look in the phone book. It should cost you US $10 or so, unless they have to drive to you.|||A notary can be found at your bank or at an attorney's office. A doctor nor dentist is a notary. A notary only can notarize a legal document because there is a seal that must be on the document notarized.





Take your affidavit to your bank or most any bank and have it notarized. May cost you a couple dollars but get it back to your bank as soon as possible.