Selling - okay to take a personal check?
Selling my Class A DP. Is it okay to take a personal check for the funds? I DO NOT transfer title until the funds clear. Thus if the check bounces then that's fraud, perhaps even grand theft au...
Forum Discussion
Dutch_12078 wrote:
Bank to bank wire transfers have worked well for me.
Yep! I've done millions of $$$$ of (legal) foreign cash sales (US sales to Mexico and cash back to the US) and never been burned once. Go to your bank and make sure they have a commercial working relationship with the sellers bank first. You'll need to talk to someone higher up than a teller to confirm this. Letters of credit work well also but are more complicated and expensive. Then:
Go to youtube and search for "police seizing assets keeping the cash"
In many states it is now illegal to travel with large sums of cash. (over $10,000) The police can seize cash just because they "think" it might be illegal. You'll do all the work get it back. Mississippi is one of the worst. Welcome to America!
Chum lee
