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.
I personally think your dead wrong;1)You tell your insurance company that you allowed a stranger to take your MH and the check bounces even though you still hold title ? there going to say to you "Not our problem" wheres the theft claim? you gave it to them willingly
and 2) why would you ever take such a risk? do as I suggested earlier Hold the title and the unit till the check clears and offer to deliver the unit
