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Need advice on transacting sale of boat.

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Old 04-22-2007 | 07:15 AM
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How do you agree on the neutral third party?
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Old 04-22-2007 | 02:18 PM
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From: sint maarten
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internet escrow services are rife w/ fraud. if this guy is coming to you to pick up the boat it is very simple... do it the same way that we did selling race cars to europe. he wires the money to his correspondent bank in the US. he comes to your house and looks at the boat ( or in my case the car) if he likes it, he picks up the the phone and calls his US bank and says " wire the money to this account ( yours) . then he goes back to his hotel and waits. by close of business the next day, if he isn't full of crap, the money is in your account. then he takes the boat away. certified and bank checks can be stopped. they can ALL be counterfeited so well that you can't tell the difference and if he shows up w/ cash, take a drive over to your bank and have it looked at.

its your boat. your money. your deal. there is absolutely no reason to be in a hurry and get burned because you are trying to be a nice guy.
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Old 04-22-2007 | 07:44 PM
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I had a guy buy a car from me for cash. We both went to my bank, and deposited it into my account. That way the bank can look it over to be sure the cash isn't counterfeit. Also I didn't have to worry about getting mugged on the way to the bank. He's was holding the cash the entire time, not me.

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Old 04-23-2007 | 01:51 PM
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i'm pretty sure you bank can set up an escrow account , just explain to YOUR bank what is going on and let them walk you thru the process , its in there best interest to have another 40g's in there bank , i'm sure they will go the extra mile to help you make this a safe good deal
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Old 04-23-2007 | 05:37 PM
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Originally Posted by stinger390
Wire x-fer into an Ercrow (sp.) account set up at your bank. Wire transfer goes into that account and neither party can touch it until everyone is happy, then the money is released to you. That way you know the money is there ahead of time. Smooth.....
Agreed
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Old 04-24-2007 | 09:12 PM
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Unfortunatly guys my bank who is also my employer for the last 21 years in unable to tell if the money is counterfeit on the spot. The process takes a few days. The buyer from Germany has a bank in the US that varifiled the money is in his account. Problem is his US bank is 3.5 hours from me.
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