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
jpwiggo wrote:
There can be scams in most methods. Including CASH and nobody is going to be able to get $50K+ cash. I'm talking to potential buyers who are hours away, and we can only meet on weekends when banks/title offices are closed.
Asking the question differently. If I hold the official title, and don't transfer it until a personal check funds clear - I think I'm okay and protected. If the funds don't clear - this is theft. I gotta believe then my insurance would cover.
a call to your insurance agent should clear that up. a wire txfr seems the best option. why not do that?
