Lien Holder Power of Attorney
I. Introduction
I, [Your Name], the undersigned, hereby grant and authorize [Attorney-in-Fact's Name], whose address is [Attorney-in-Fact's Address], to act as my attorney-in-fact with full authority to negotiate settlements or payment arrangements on my behalf regarding any liens held by me.
II. Authorization for Negotiation
This Power of Attorney is granted for the sole purpose of facilitating negotiations with debtors who are subject to liens held by me. The authority granted herein includes, but is not limited to, the following actions:
III. Clear Identification of Liens
This Power of Attorney applies to the following liens: [Identifiers of the liens].
IV. Specific Powers Granted
The attorney-in-fact is hereby granted the power to negotiate payment plans, settlements, or other arrangements with debtors to resolve outstanding debts secured by the aforementioned liens. Additionally, the attorney-in-fact is authorized to accept payments, execute agreements, or sign documents necessary to effectuate such settlements or arrangements, provided they are within the scope of the negotiations and do not unduly prejudice my interests.
V. Duration and Termination
This Power of Attorney shall remain in full force and effect until [Date] unless earlier revoked by me in writing. Revocation of this Power of Attorney shall be effective upon actual receipt by the attorney-in-fact.
VI. Notice Requirements
The attorney-in-fact is required to provide me with regular updates or notices regarding any actions taken on my behalf concerning the liens, ensuring transparency and allowing me to stay informed about the status of negotiations.
VII. Confidentiality and Non-Disclosure
The attorney-in-fact shall maintain confidentiality and refrain from disclosing sensitive information related to the negotiation process and the liens themselves.
VIII. Governing Law
This Power of Attorney shall be governed by the laws of [Specify Jurisdiction], with any disputes arising hereunder subject to the exclusive jurisdiction of the courts therein.
I hereby certify that I am the lawful owner of the aforementioned liens and that I have the legal authority to grant the powers outlined in this document.
Signed and sealed on this [Day] day of [Month, Year].
Agreed and signed by [YOUR NAME], the Principal.
Date: _____________
[Attorney-in-Fact's Name]
Date: ______________
_____________________________________________________________________________________
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, hereby acknowledge that the above-named Principal has signed this Power of Attorney in our presence on the date stated above.
Witness 1:
[Witness 1 Full Name]
[Date]
Witness 2:
[Witness 2 Full Name]
[Date]
_____________________________________________________________________________________
NOTARY ACKNOWLEDGEMENT
On this day of in the year , before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[Notary Public's Name]
My Commission Expires:
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