westernrvparkowner wrote:
Your logic falls off when you realize that one of the oldest scams around is for the scammer to get a legitimate cashier's check and then make duplicates. The issuing bank will rightly confirm the check information over the phone since they do not realize the scammer has presented duplicates to multiple sellers.
RVs, on the other hand, are bad targets for such scams. Unlike popular auto makes and models or items such as jewelry, they are hard to quickly dispose of. It would be very, very rare for a RV to be the target of such a scam. But I still would vote for wire transfer since BOTH ends of the transaction would involve banks which are pretty dang responsible and reliable and have done tens of thousands of similar transactions.
Actually the banks I use require the payee's name to be printed on the check when they issue it. Unless you are going to give a copied check to more than one "harvey mcFly" ...LOL.
Additionally, when a bank calls to confirm the check, the transfer of funds is completed at closing time for the day (ours was 3pm, I think?)
In PA, stopping payment on a valid check without a valid reason is FRAUD and likely a FELONY due to the likely amount. Considering the buyer has to provide actual funds to get the check issued, they would need to show proper ID and have a valid account at the bank.
Multiple regulated people would have to make mistakes in order for a duplicate Bank's cashier's check to be copied to a different party and/or have the funds stopped without serious risk of a confirmed person being charged with a felony.
Fraudulent and un-confirmed copied checks seem to be what you are describing. Any bank will confirm the check and funds when it is presented- especially if you request it.
I don't see where any appreciable risk is in the transaction. By equivalence, one could claim lava might hit the branch between the time your check is actioned and the settlement for the day, all while sun spots knock out the satellite communications and Russian hackers knocked out the bank's network connections.
"Possible" does not always correlate to "probable" or make a blip on the Risk Assessment Analysis ;)
