Oct-07-2017 09:24 AM
Oct-07-2017 03:00 PM
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.
Oct-07-2017 02:46 PM
Oct-07-2017 02:04 PM
Oct-07-2017 01:52 PM
Oct-07-2017 01:40 PM
gutfelt wrote:
so basically wire transfers that are to the right person for the correct amount can not be reversed or altered
Oct-07-2017 01:34 PM
Oct-07-2017 01:24 PM
DownTheAvenue wrote:rgatijnet1 wrote:DownTheAvenue wrote:
Meet the buyer at his bank and get cash directly from the bank. Then immediately buy a cashiers check with that cash. That is the safest way. That way, the buyer cannot stop payment on any check, and he has no control over any of the funds you receive. If he buys a cashier check, he can stop payment on it.
Accepting a personal check is not wise. Always meet the buyer at his bank.
A lot of banks do not have much cash on hand anymore, without making prior arrangements. I prefer a wire transfer directly in to my account. It cannot be reversed, the funds are verified by my bank, and I don't have to worry about anything that could go wrong.
All done at the same bank, you would not actually be holding that much cash, I used that more to describe the transaction.
Wire transfers can be reversed.
Oct-07-2017 12:51 PM
DownTheAvenue wrote:rgatijnet1 wrote:DownTheAvenue wrote:
Meet the buyer at his bank and get cash directly from the bank. Then immediately buy a cashiers check with that cash. That is the safest way. That way, the buyer cannot stop payment on any check, and he has no control over any of the funds you receive. If he buys a cashier check, he can stop payment on it.
Accepting a personal check is not wise. Always meet the buyer at his bank.
A lot of banks do not have much cash on hand anymore, without making prior arrangements. I prefer a wire transfer directly in to my account. It cannot be reversed, the funds are verified by my bank, and I don't have to worry about anything that could go wrong.
All done at the same bank, you would not actually be holding that much cash, I used that more to describe the transaction.
Wire transfers can be reversed.
Oct-07-2017 12:46 PM
rgatijnet1 wrote:DownTheAvenue wrote:
Meet the buyer at his bank and get cash directly from the bank. Then immediately buy a cashiers check with that cash. That is the safest way. That way, the buyer cannot stop payment on any check, and he has no control over any of the funds you receive. If he buys a cashier check, he can stop payment on it.
Accepting a personal check is not wise. Always meet the buyer at his bank.
A lot of banks do not have much cash on hand anymore, without making prior arrangements. I prefer a wire transfer directly in to my account. It cannot be reversed, the funds are verified by my bank, and I don't have to worry about anything that could go wrong.
Oct-07-2017 11:35 AM
Oct-07-2017 11:13 AM
Oct-07-2017 10:58 AM
jpwiggo wrote:
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 auto.
I know most suggest certified check, but those are easy to scam today anyway. (You need to call the back to verify, and find the bank number from Google, and confirm its a real bank.)
Oct-07-2017 10:52 AM
Oct-07-2017 10:49 AM
jpwiggo wrote:
Selling my Class A DP. Is it okay to take a personal check for the funds?...
Oct-07-2017 10:43 AM
Dutch_12078 wrote:
Bank to bank wire transfers have worked well for me.