Forum Discussion
PSW
Jun 10, 2015Explorer
I prefer wire transfers. Sign the title and leave it with someone at YOUR bank. When the wired funds are in YOUR account at YOUR bank, your banker can hand them the executed title. Essentially, it is a "soft escrow", your person at the bank just holds your title until Federal Funds are deposited in your account at your bank.
Just type out specific wire instructions (which YOUR banker will help you do) and tell the seller this is the way you do business. Money transfers using the Fed wire normally take only a short amount of time.
Every one is protected: seller, buyer, banker.
Paul
Just type out specific wire instructions (which YOUR banker will help you do) and tell the seller this is the way you do business. Money transfers using the Fed wire normally take only a short amount of time.
Every one is protected: seller, buyer, banker.
Paul
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