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POA to building? re:126 Sterling

Started by stzinn88
about 10 years ago
Posts: 3
Member since: Jul 2014
Discussion about
So over at 126 Sterling PL The latest apartment sold for a pretty penny (particularly when you look at the reno,) but it sold to a person from Hong Kong who gave power of attorney to a person who lives at 122 Sterling, and then right after it was sold POA was given to the board of 126 sterling... I am really confused. Can anyone shed light on why that might be the case? Thanks
Response by NWT
almost 10 years ago
Posts: 6643
Member since: Sep 2008

Anyone buying a condo has to give a power of attorney to the condo board, so the board can act on the owner's behalf.

The buyer gave a power of attorney to a relative (they've both used 122 as an address) to close the sale.

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