Would you accept a Cashier Check for payment? - Page 6 - Fiberglass RV


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 05-20-2019, 12:09 PM   #71
Senior Member
 
Kai in Seattle's Avatar
 
Name: Kathleen (Kai: ai as in wait)
Trailer: Amerigo FG-16 1973 "Peanut"
Greater Seattle Metropolitan Area, Washington
Posts: 2,417
Registry
John in Santa Cruz: agreed, done it ourselves, works fine. The clerk did take Paul a step aside and said, "You don't have to do this...I can block it." almost as if she were a neighbor and knew the guy and the trailer...

She was giving us a good out, and from some lights we shoulda listened...but 9 original months, teaks for years, thousands of dollars, hundreds of hours, and a major, intense renovation later, it worked out ok.

"I am in blood. Stepped in so far that, should I wade no more, returning were as tedious as go o'er." William Shakespeare, MacBeth, Act 3.


Sometimes the only way out of trouble is through. We got through Peanut and now we like it a whole lot. Would we do it again? NO!




As for the civil forfeiture: this is the first we've heard of it regarding cash, but we long have known about eminent domain, where the State can seize your Real property for some causes. Running a meth lab is one...location needed for freeway off-ramp, another, etc.
__________________

__________________
Semper ubi sub ubi.
Kai in Seattle is offline   Reply With Quote
Old 05-20-2019, 01:29 PM   #72
Member
 
Name: T
Trailer: Designing and building
Florida
Posts: 67
Huh.

I would've thought that "meth lab" was soundly in the Civil Forfeiture space. Ask sometime about the mobile meth lab I followed on the night I decided to never move to Washington, DC.
__________________

Thomcat316 is offline   Reply With Quote
Old 05-20-2019, 02:28 PM   #73
Senior Member
 
Kai in Seattle's Avatar
 
Name: Kathleen (Kai: ai as in wait)
Trailer: Amerigo FG-16 1973 "Peanut"
Greater Seattle Metropolitan Area, Washington
Posts: 2,417
Registry
Good point, but I thought civil forfeiture was for cash...otherwise, yeah.

Mobile meth lab like in Breaking Bad? NEVER to move to Washington, D.C....sounds like a story!


"K"
__________________
Semper ubi sub ubi.
Kai in Seattle is offline   Reply With Quote
Old 05-20-2019, 11:35 PM   #74
Senior Member
 
John in Santa Cruz's Avatar
 
Name: John
Trailer: Escape 21, behind an '02 F250 7.3 diesel tug
Mid Left Coast
Posts: 1,740
Quote:
Originally Posted by Kai in Seattle View Post
Good point, but I thought civil forfeiture was for cash...otherwise, yeah.

Mobile meth lab like in Breaking Bad? NEVER to move to Washington, D.C....sounds like a story!


"K"
google 'civil forfeiture abuse' and be prepared for some serious disillusionment. while the concept is fine, actual convicted criminals *should* lose their criminal gains, many police forces have used it to confiscate valuable property from people who were just suspects, and you have no recompense even if you're proven innocent. cars, aircraft, houses, commercial property, cash, bank accounts, its all fair game. this money and property disappears into an un-monitored slush fund.
John in Santa Cruz is offline   Reply With Quote
Old 05-21-2019, 07:06 AM   #75
Senior Member
 
Jon in AZ's Avatar
 
Name: Jon
Trailer: 2008 Scamp 13 S1
Arizona
Posts: 7,955
Registry
I agree. There’s been a lot of reporting from credible sources of various political bents on this issue. Attempts to rein in the practice have stalled, mainly because it’s a cash cow for law enforcement. The alternative is raising taxes or cutting other programs, both politically unpalatable.

It’s just one of many reasons not to transport large sums of cash. As a buyer, if a seller insisted on cash and the amount was over $5K, it would happen at a branch of my bank or not at all.

I would like to return to the issue of stop payments on cashier’s checks from the seller’s perspective. My banker said the buyer can stop payment on a cashier’s check “just like a personal check.” I did not ask for additional clarification at the time.

However, I am reading several places that (1) it can only be stopped in case of theft or loss, (2) the funds are transferred from the payer to the bank at the time it is issued, and (3) it is guaranteed by the issuing bank for 90 days to the payee. If actual verified payee negotiates the check within that window, the stop payment would be invalidated.

If that's all true, or even part of it, it's not "just like a personal check."

That assumes it’s genuine of course, which would be the case if one were physically present at the buyer’s bank when it was issued.

I’d sure appreciate more clarity before I have another talk with my banker.
Jon in AZ is offline   Reply With Quote
Old 05-21-2019, 10:18 AM   #76
Senior Member
 
Name: Henry
Trailer: BigFoot
Tennessee
Posts: 766
Dickson county, just west of Nashville, TN, especially on I-40, is notorious for civil forfeiture stops; there was a big expose on a local news channel.
Rzrbrn is offline   Reply With Quote
Old 05-21-2019, 02:01 PM   #77
Junior Member
 
Name: edward
Trailer: 1976 Scamp 13ft.
Texas
Posts: 11
Registry
Nope

This is an old scam. Ive sold two vehicles online and both times I received cashiers checks from scammers that turned out to be forgeries. Luckily the first time my bank alerted me. The second time I alerted the bank to double-check as they were about to accept it for deposit. Looked like a real Wells Fargo cashiers check but the account number was bogus.
EdBlock is offline   Reply With Quote
Old 05-21-2019, 03:54 PM   #78
Senior Member
 
Kai in Seattle's Avatar
 
Name: Kathleen (Kai: ai as in wait)
Trailer: Amerigo FG-16 1973 "Peanut"
Greater Seattle Metropolitan Area, Washington
Posts: 2,417
Registry
Breaking news for me. We transacted at a mutual bank branch, no worries...lots of other options, far more worries!

Civil forfeiture sounds like a nightmare of corruption!

"K"
__________________
Semper ubi sub ubi.
Kai in Seattle is offline   Reply With Quote
Old 06-30-2019, 11:34 PM   #79
Junior Member
 
Name: Jessica
Trailer: airstream
New Jersey
Posts: 10
Quote:
Originally Posted by Kai in Seattle View Post
Breaking news for me. We transacted at a mutual bank branch, no worries...lots of other options, far more worries!

Civil forfeiture sounds like a nightmare of corruption!

"K"

it is. i have not been unlucky enough to encounter civil forfeiture myself, but i have friend who have been very unlucky.


nightmare to sort it, not to mention the financial losses.
sassyinpink is offline   Reply With Quote
Old 07-27-2019, 01:44 PM   #80
Junior Member
 
Name: Willow
Trailer: SCAMP
California
Posts: 4
Bank transfer all the way!!!
I recently purchased a Scamp in another state. I had my father-in-law view/inspect trailer in person initially. I transferred $1k honor funds into sellers account until my father-in-law could arrive 3 days later to inspect the trailer and I had the seller send me an electronic “receipt” for my deposit, I also had the paper trail receipt from bank transfer as well - then as soon as I got the “thumbs up” text from my father-in-law that this trailer was a good purchase I transferred the remaining balance of purchase price to sellers account and had them provide father-in-law a hard copy receipt of payment, signed title docs, etc.
Everyone was happy, it was easy and relatively quick because I was a serious buyer. The seller appreciated the immediate receipt of funds in their account.
I LOVE my new-to-me Scamp camper!
Do bank transfer of funds, everyone can rest easy at every step of the way.
ScamperWillow is offline   Reply With Quote
Old 07-27-2019, 06:26 PM   #81
Junior Member
 
Name: Jeff
Trailer: Escape21
California
Posts: 4
A friend of mine sold an exotic car to a guy in Oklahoma back in the 80’s. Accepted a cashiers check from the buyer, deposited said $300,000 check. Transporter picks up car for buyer. The check is not honored, my friend calls buyer who says “Bull, my bank took the money out of my account the day I purchased the cashiers check.” Long story short, FSLIC had shut down the buyers bank after he purchased the check. A cashiers check is considered a liability on the assets of the issuing bank. He eventually got his money but he was crapping the proverbial blades for a while.
__________________

Searay50 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Buying and selling ,payment DGreen Problem Solving | Owners Helping Owners 8 04-28-2015 01:05 PM
Putting the down-payment on the Patriot! jazzjunkysue Hi, I am.... 11 06-02-2014 06:18 PM
De-Winterizing: Would You Check My Planned Steps? CampyTime Plumbing | Systems and Fixtures 0 05-12-2014 02:49 PM
Payment for Trailer Import kellyben Problem Solving | Owners Helping Owners 17 02-15-2013 05:20 PM
Payment for a trailer Cathy Gale Problem Solving | Owners Helping Owners 53 01-28-2013 04:42 PM

» Upcoming Events
No events scheduled in
the next 465 days.
» Featured Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 02:52 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions Inc.