[DML] Re: selling a D overseas

["tuxr" <tuxdarby@xxxxxxx>]

NO NO NO!!!  This response is entirely incorrect.  For example, even 
though a cashiers check clears after a week, and the funds are 
supposedly good, it can take WEEKS for a fake cashiers check to make 
its way though the system and come back to the bank as a fake (fake 
cashiers checks take longer to come back than a regular bad check).  
And if it's an international cashiers check it can take EVEN 
LONGER!!!  And the bank is entirely within the law to take the money 
out of your account at that time, and if you had already taken it 
out and you don't have it, it creates an overdraft THAT YOU ARE 
RESPONSIBLE FOR!!!  And the bank will come after you for the money, 
they weren't the ones that were scammed, you were.

--- In dmcnews@xxxxxxxxxxxxxxx, "Ryan Wright" <ryanpwright@...> 
wrote:
>
> On 1/24/07, tuxr <tuxdarby@...> wrote:
> >
> >  A wire transfer can be pulled back by the bank.  Just like your
> >  direct deposit paycheck, or anything that goes electronically 
into
> >  your account, if there was a problem, it can be pulled back.  
If you
> >  happen to grab the money out before that happens, then great.  
But
> >  can happen.  And you never know what the laws are in the country
> >  sending the wire, they might be even more lenient than here.
> >
> 
> The real key is to do everything slowly. There's nothing wrong 
with a
> check of any sort, so long as you hold the car until the funds 
clear.
> Same thing for a wire transfer, or a money order, or any other 
payment
> service. Just don't get caught up in any sort of "I need this right
> away" deal. If you're buying a $30,000 automobile, you can wait an
> extra week for the funds to clear. If not, I'll sell it to someone
> else.
> 
[moderator snip]


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