Why powers of attorney and equity loans are a troubled mix in Texas
This column first appeared in the San Antonio Express News on April 24, 2017. Dear Mr. Premack: I currently have a special and general Power of Attorney from my wife, in order to close on a home equity loan. My bank had recently informed me that they could not close on the loan due to fact that I'm using a POA. I'm retired military and had the POA done at the Judge Advocate’s office in Germany. I wanted to ask if there is a way I can close the loan using a POA or do I need a