On Aug 27, 7:00 am, Short Wave Sportfishing
wrote:
On Mon, 27 Aug 2007 07:31:24 -0400, "Reginald P. Smithers III"

wrote:
The problem doesn't get any easier with cashiers check's. Counterfeit
cashier's checks are becoming a big problem. Most banks will tell you
not to use or assume cashiers checks are good until the check has
cleared the bank issuing the check.

Hasn't happened to me because I insist on cash money - no checks.

Well, that's not exactly true - when I sold both Contenders, I went
with the buyer to the bank where we did the deal in the bank officer's
office - the bank wired the money to my bank and we waited for
confirmation of receipt before completing the transaction.

I do know of an incident which was kind of interesting. Involved a
car deal. Guy came with a cashier's check, both seller and buyer went
to the bank, seller's bank called the issuing bank to confirm the
cashier's check was good - it was.

Week later, turns out the check wasn't any good. Say what?

Apparently, the cashier's check was a duplicate of a cashier's check
issued by the bank - the amount was wrong. The seller's bank never
asked about the amount - nobody actually thought about it - just asked
if the check had been issued and gave the number.

How about that twist?

The car was eventually recovered - in New Jersey, in a container
heading for Saudi Arabia.



Tom, did the seller still come out ok? or was it a total theft?

On Mon, 27 Aug 2007 12:24:33 -0000, Tim wrote:

On Aug 27, 7:00 am, Short Wave Sportfishing
wrote:
On Mon, 27 Aug 2007 07:31:24 -0400, "Reginald P. Smithers III"

wrote:
The problem doesn't get any easier with cashiers check's. Counterfeit
cashier's checks are becoming a big problem. Most banks will tell you
not to use or assume cashiers checks are good until the check has
cleared the bank issuing the check.

Hasn't happened to me because I insist on cash money - no checks.

Well, that's not exactly true - when I sold both Contenders, I went
with the buyer to the bank where we did the deal in the bank officer's
office - the bank wired the money to my bank and we waited for
confirmation of receipt before completing the transaction.

I do know of an incident which was kind of interesting. Involved a
car deal. Guy came with a cashier's check, both seller and buyer went
to the bank, seller's bank called the issuing bank to confirm the
cashier's check was good - it was.

Week later, turns out the check wasn't any good. Say what?

Apparently, the cashier's check was a duplicate of a cashier's check
issued by the bank - the amount was wrong. The seller's bank never
asked about the amount - nobody actually thought about it - just asked
if the check had been issued and gave the number.

How about that twist?

The car was eventually recovered - in New Jersey, in a container
heading for Saudi Arabia.

Tom, did the seller still come out ok? or was it a total theft?

Actually, he did quite well on the deal.

He eventually sold it and when he told the back story on it to another
buyer, the guy paid the asking price. :)