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Old 12-24-2017, 10:06 AM
 
64,294 posts, read 65,871,680 times
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we had a local incident where someone bought a car from someone else. they met the seller at their bank and gave them a cashiers check .

the check was good and the bank deposited it . the title was signed over and the seller left .

when the check did not show cleared the seller called his bank , seems the shrewd buyer put a stop on it .

the police were called but the seller was told this was not criminal . it is a civil issue .

a stopped check is not a bounced check and he willingly signed the car over so it was legally owned .

he never got his money .
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Old 01-23-2018, 11:04 PM
 
3,408 posts, read 5,113,525 times
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Quote:
Originally Posted by mathjak107 View Post
we had a local incident where someone bought a car from someone else. they met the seller at their bank and gave them a cashiers check .

the check was good and the bank deposited it . the title was signed over and the seller left .

when the check did not show cleared the seller called his bank , seems the shrewd buyer put a stop on it .

the police were called but the seller was told this was not criminal . it is a civil issue .

a stopped check is not a bounced check and he willingly signed the car over so it was legally owned .

he never got his money .

so how lond should i waint?
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Old 01-24-2018, 03:24 AM
 
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huh ?
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Old 01-24-2018, 03:58 AM
 
Location: Canada
5,083 posts, read 3,611,152 times
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Quote:
Originally Posted by mathjak107 View Post
we had a local incident where someone bought a car from someone else. they met the seller at their bank and gave them a cashiers check .

the check was good and the bank deposited it . the title was signed over and the seller left .

when the check did not show cleared the seller called his bank , seems the shrewd buyer put a stop on it .

the police were called but the seller was told this was not criminal . it is a civil issue .

a stopped check is not a bounced check and he willingly signed the car over so it was legally owned .

he never got his money .
So the smart thing to do in this case is to deposit the cashier's check (not a Western Union MO), have the title signed over, and then while the buyer is still there with you at the bank, take the money out in CASH immediately.

Put it into your wallet, say thanks to the buyer, and once the buyer leaves the bank, you can deposit it into your account again.
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Old 01-24-2018, 05:01 AM
 
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cashier checks have a clearing time too . usually you need to wait a day . that is more than enough time to stop one
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Old 01-24-2018, 09:29 AM
 
Location: North Idaho
20,931 posts, read 25,614,622 times
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If the check actually goes through, tell your buyer that you will not ship the item unless you are paid the balance with a US Postal Service issued money order. If the buyer sends anything else, send the check back to him. I'd send it registered signiture required so you are covered.

If what you told the buyer was exactly what you put in your post. The buyer did send you a check "from the post office". You can't underestimate how numb brained some people can be. You have to be exceedingly clear with your directions and even then some people can't figure it out.

I suspect the check won't clear, but you won't know for sure until you wait. I would have sent that first one back for replacement, but you already deposited it, so now you wait.

This has to be awful for Western Union that scammers have pretty much destroyed their business by making their checks worthless.

Last edited by oregonwoodsmoke; 01-24-2018 at 09:39 AM..
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Old 01-24-2018, 12:56 PM
 
64,294 posts, read 65,871,680 times
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there are counterfeit money orders too.
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Old 01-26-2018, 07:52 PM
 
Location: Tennessee at last!
1,870 posts, read 1,708,235 times
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Quote:
Originally Posted by gouligann View Post
So the smart thing to do in this case is to deposit the cashier's check (not a Western Union MO), have the title signed over, and then while the buyer is still there with you at the bank, take the money out in CASH immediately.

Put it into your wallet, say thanks to the buyer, and once the buyer leaves the bank, you can deposit it into your account again.
No the smart thing to do is to go to HIS bank and have HIM take out CASH and hand it to you from HIS account.

Then you can buy your own money order or whatever, with the cash to take with you and avoid being hit on the head outside.
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