Got burnt on a cashiers check from a local well-known Credit Union over 10 years ago. The guy was buying a Harley from me, gave me $2K in cash, said the rest is tomorrow in a local cashiers check. Sure enough, he came back (after bank closing time), had a real good looking cashiers check for $12K, and I gave him a title. Went to the credit union the next day, found out the cashiers check was completely fake. Took me over 24 hours to locate him and the Harley. A very nasty friend and I convinced him it was in his best interest to give me the title back, and off I went on the Harley. He was then out $2k cash. Too bad.
I won't take a cashiers check unless the buyer wants to wait 10 days for it to clear. Most buyers won't do that. Cash Is King.
