If you are interested in closing an FHA refinance using a Power of Attorney, then there are certain rules that apply. Loans closed with the use of a Power of Attorney must comply with state law to the extent that: The mortgage can be legally enforced in that jurisdiction, and Clear title can be conveyed in the event of foreclosure. A Specific Power of Attorney usually must be obtained so that the lender can be sure they comply with the above requirements. Except for cases where the … [Read more...]