If you wouldn’t escrow the deal then I would walk too and I’m not opposed to creative deals as long as there is accountability. Hell, I seller financed a 400k aircraft on a five year note.
This is interesting to me, Joe - can you tell more about the risks of escrow?
I bought a car using wire transfer to a dealer across the country. Only way to go. Bank officer with green eyeshade watching the whole thing.
Of course they do. Why should escrow be excluded?
The escrow targeting scams I mention in the other post involve cashiers checks and wire transfers.
I didn’t say through an escrow. I said as a way to transfer from the buyer to the sellers agent. A wire transfer accomplishes the same thing without the brick of cash.
I never said fake wires and fake certified checks require an escrow. Are you thinking that a fake wire or certified check which can be used to scam people whose business is protecting funds can't be used to scam people less sophisticated?
How exactly could you fake a wire while at a bank with the seller?
Go read the stories.
Point me to a specific one where a scammer sends a wire transfer while you are standing next to them at the bank - and you can check your account to see that the transfer occured.
Why would I do research for you? Your belief one way or another doesn't matter that much to me.
Anyone willing to carry that much cash in todays society is extraordinarily naive.
Not really. I think he’s wrong and explained why. He said “read a bunch of stuff” which I already read and i saw nothing that supports his position. I think he got pwnd. He didn’t support his position at all. The articles talk about a different scenario.
45k in 100s is a little bit bigger than your average red brick. It ain’t small, but would fit in a briefcase easily. Better to give a crook a handle to grab it from you easier.
Not at all. I just said it doesn't matter to me whether he thinks I'm right or wrong. I'm not attempting mastery over anything.
With instances of "civil asset forfeiture" being used as an excuse to steal cash from citizens, I'd not do the deal in cash, unless it was done at my banker's desk.
When I bought a 50% interest in a 172 lease-back, I used AOPA's title-search service, and they found a lien that had not been released (in spite of having been paid). The holder of the lien had been sold to another financial institution, but the seller did manage to get it released, whereupon we completed the transaction.
