RubyRV wrote:
I have a prospective buyer for my RV and HE is getting a loan thru Southeast Financial. I have complied with all their requests, RV inspection, Purchase Order, now they want me to sign a Power of Attorney giving them control over my title prior to giving me a check. I said I would sign one and hand it over with the title on receipt of the check. They said no check till I sign it.
QUESTION. Has anyone done this ? Do I have concern ? ETC. ?
His bank or yours? I did this with a truck and my bank was in direct contact with his. The banks did the paper work & wired the money between the two. I was standing in his bank so I knew it was an actual bank. His bank held the title & mine the money. Have your bank make the contact & when they are satisfied they will have the money transferred to them. You have a 3rd disinterested party as the go between.
