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Request from my boss to sign closing docs

August 28th, 2013 at 03:38 pm

One of my VP's asked me to do him a favor this morning. He is going out of town on Friday and won't be back until Wednesday for the Labor Day holiday. I am taking a vacation day but I will be in town.

He asked if he could sign over power of attorney to me so that I can sign for a rental townhouse that he is purchasing in River Oaks. That's a very affluent neighborhood here in Houston.

Thoughts?

Posted in Work/Career | 8 Comments »

8 Responses to “Request from my boss to sign closing docs”

  1. creditcardfree Says:
    August 28th, 2013 at 03:59 pm 1377705580
    1377705580

    Sounds like he trusts you, but I really think that I would say no. A purchase of property is a BIG deal. And he should have planned his vacation better since he had to know of the closing date. Unless it is a funeral or something unplanned.

  2. Kiki Says:
    August 28th, 2013 at 04:17 pm 1377706659
    1377706659

    NO WAY!

  3. Kiki Says:
    August 28th, 2013 at 04:19 pm 1377706740
    1377706740

    And if he is getting a loan for it, would the bank even approve that process?

  4. SecretarySaving Says:
    August 28th, 2013 at 06:38 pm 1377715109
    1377715109

    He has a daughter my age and we share the same name. She lives in another state and he's remarried so I feel like we have a father/daughter kind of relationship. He's trying to get the closing moved up. They planned thier travel awhile back. They are going out of the country. Thank you for the responses.

  5. baselle Says:
    August 28th, 2013 at 07:58 pm 1377719891
    1377719891

    I wouldn't. If something goes wrong, you sign you weren't supposed to, there is a flaky clause or the loan is intricate, you are on the hook for it. Especially if its "getting the closing moved up". Rush jobs are a magnet for snafus, none of which you'd know about. If its that important/that simple he can jolly well take a later flight or a separate car.

  6. PatientSaver Says:
    August 28th, 2013 at 09:46 pm 1377726365
    1377726365

    Um, yeah, your signature on a contract for the purchase of property? Do you realize that if, god forbid, something should happen to him when he travels out of the country that you wold then be on the hook for the purchase of this property? I don't care if he says it's temporary, a convenience thing or whatever, he is hoping your congenial work relationship will cause you to say yes to something stupid. Don't do it. He should know better. Let him ask someone else, like a relative.

  7. imarunner Says:
    August 28th, 2013 at 10:25 pm 1377728734
    1377728734

    i wouldn't do it, but i doubled checked any way on POA. don't you sign his name?

    "The person with power of attorney can make financial decisions and deal with creditors, but he is not liable for the designators debts."

    got that off in internet. still, i don't know what's in the POA and wouldn't. i'd be scared.

    and

    Under normal circumstances, establishing a power of attorney does not create personal liability for the agent, but consult with an attorney who specializes in matters related to powers of attorney with questions about your particular circumstances.

    http://info.legalzoom.com/power-attorney-liable-debts-20374.html

  8. Wino Says:
    September 28th, 2013 at 03:07 pm 1380380842
    1380380842

    River Oaks? Well done for him! Anyway, I'm fairly certain you won't incur any personal liability for signing as his agent. You are merely following his instructions and are, for legal purposes, not really signing anything. He is signing.

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