Hi David, this would be best answered by a Real Estate Attorney in Texas that would be very familiar with Texas Law, so please direct your questions to someone that can provide the best answer for you. I'm sure there can be some accommodations made to help you out, but again, the Attorney will know more. Good Luck!
Hi David.devasier134,Unfortunately that is correct. As of June 21, 2013 POA is no longer allowed on TX Home Equity Loans. See page 15 on the following link.http://www.ibat.org/files/PDFs/Home-equity-rules-6.27.13.pdfIf you are not doing a true cash out loan like refinancing from FHA to VA you can do a POA.Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank | http://www.valoansdoneright.com | (877)228-9069
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