A Mississippi real estate power of attorney is a legal document that authorizes a trusted person, known as the agent or attorney-in-fact, to make decisions regarding a specific piece of real property on behalf of the owner, known as the principal. This document grants limited powers to the agent, such as buying, selling, managing, or refinancing the property, as specified by the principal.
The power of attorney may be non-durable or durable, meaning the principal can choose whether or not they want their agent to continue acting if they become incapacitated. This type of appointment is often used by individuals seeking to ensure the security and management of their property while absent or physically incapable of doing so themselves.
Legal Considerations
Statute: §§ 87-3-1 — 87-3-113)
Signing Requirements: Notary public. (§ 87-3-105)
