When a sale is not a sale
So I'm selling my coach. I posted asking about using NADA as a pricing guide. Immediately had someone start in asking for info, pix, etc. I said I haven't even listed it yet. Have to get it emptied an...
Forum Discussion
Scottiemom wrote:OK so if you are sitting at the CU desk while the buyer does the loan and the CU loan officer hands you the check I would trust that the check will clear.
Later in the day the credit union person handling the loan called me and she told me they don't wire funds. I told her I had called them that morning and was told they do. She said no and that I would be getting a credit union check paid from the loan proceeds.
The question might be if that credit union has a branch that is a bit closer to you. Very common to meet at the buyers bank to get your check, hand over the keys to the buyer, and hand the title papers to the loan officer.
If the price was fair it would not be unreasonable to call the buyer and explain the misunderstanding and talk about your expectations.
