I’m set to close on a house later this month in NJ and I’m currently in FL. My wife is the co-signer on the mortgage which of course requires her to sign as well with the thought that getting a power of attorney would be the solution to only require one of us to travel to the closing – our real estate attorney made it seem like it was no big deal to grant. This was key since we have two small kids at home and any situation, wether traveling with them or trying to figure out arrangements for them for a couple of days, borders on insanity to implicate them for a couple of days for what amounts to a couple hours of doing a final walkthrough and signing documents, then to flip their world upside down a couple weeks later when we make the move.
When I approached the mortgage lender about having my wife give power of attorney, they immediately put up a fuss stating there has to be a hardship in order to be able use PoA, citing this Freddie Mac requirement: https://guide.freddiemac.com/app/guide/section/6301.4 What’s frustrating about this is it seems like there is no path to do any of this online either, so I’m trying to figure out what my options are.
I’m primarily concerned that the PoA may ultimately be denied because not impacting my kids isn’t a sufficient “hardship” for being allowed to use power of attorney. I’m curious if anyone has had similar problems or knows of other paths to getting this done.