Selling an RV/payment
I will be selling my RV a few months later and need to understand how I can safely receive a payment. I want to sell to a private party. It's going to be selling for 40-45K. Receiving bank wire won'...
Forum Discussion
valhalla360 wrote:JRscooby wrote:
Years back I sold a trailer. The buyer had a cashiers check. Went to my bank, had them verify the check was good by calling bank where buyer got loan. Deposited check, had bank notaries stamp signature. At same time, same buyer bought another trailer from friend, same deal.
As turns out, I was lucky. I was selling because did not need the trailer. Friend was selling because needed money. Couple weeks later, he had checks bouncing, and I got notice of balance reduction.
Turns out buyer had used a good copy machine, cashed the real checks. Friend called sheriff of buyer's home county, was told civil matter, friend would have to sue.
And when you talk of cashing check, that has risks. There is chance you will meet bad actors. Some will take cash illegally, others take cash, make you pay lawyer to get it back. (Look at CAF laws)
So, you/he didn't confirm that the money couldn't be clawed back.
Both friend and I trusted the bank we had dealt with for years would of been certain when they contacted buyer's bank the Cashiers checks where good. There excuse was the other bank didn't know the check had been copied until it got back to bank. Of course, bank will take no responsibility if will cost them.
My friend sued, but I don't know how he came out in court. I do know he lost a truck behind the deal.
I went another way, got my trailer back, and sold again as several years newer.
