lex8396
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Despite Cefolia being a missing person, the house was able to go under contract and make it to a closing and sell because in May 2018, Cefolia gave power of attorney for property to a relative, Rudy Piedra. A document authorizing Piedra with those powers was recorded with DuPage County at the same time as the Nov. 5 sale.
Cefolia paid $560,000 for the house in 2016. In June 2020 — two months before he went missing — Cefolia listed the house for $589,900. He then reduced his asking price to $574,900 in July and then to $549,900 on Aug. 3. The house went under contract Aug. 5, and several days later, he disappeared.
Piedra declined to comment in a text message, saying, “following the wishes of the family, there will be no comments on this matter.”
RSBBM
What are reasons someone would give power of attorney to someone else for their property? Wondering why do that instead of a will??.....except that for a will to kick in, person has to be DECEASED and NOT MISSING.
I'm convinced Jake is alive and well and that's the reason for families silence........
My opinion only.