Does NACA allow power of attorney to be given to a lawyer to represent a member at closing when circumstances beyond the control of member makes it impossible for member to be present on the set closing date but member will be available about a week after closing to fulfill any outstanding obligation at a NACA office? Changing the closing date too is not an option available to me. Am I allowed to sign power of attorney to my lawyer for the closing date that I am not available?
NACA requires the buyer to be present at the closing as an additional safeguard against investors abusing the NACA program.
However, if there are no reasonable alternatives within your control and you can document the situation, you may be able to receive an exception from Director of Mortgage Operations Erick Exum. Please provide your counselor with your request and supporting documentation and he or she will will contact Mr. Exum with the request.