Quote:
Originally Posted by lawgolfer
Most likely, it is a scam; however, you'll learn very quickly if it is by taking the cashier's check to a local branch of the bank and cashing it.
If it is on a small bank which does not have a local branch, the chance it is a scam becomes more likely. In that case, first call the issuing bank and ask it to confirm the existence of the account on which the check is drawn and that the bank has issued the cashier's check. If there is an account, then take the check to your bank and ask for help in getting it paid. Your bank should be able to arrange for an electronic transfer of the money which will be complete in a matter of minutes. You will have to pay a small fee upwards of $50.
Finally, tell the buyer that you do not want a cashier's check, and, instead, want the transaction done electronically, bank to bank. That may involve a fee around $50 unless the buyer is a good customer of the bank. If there is a fee, tell the buyer to deduct it from the payment.
Simply put, don't turn over the car or the title until you have money in hand and not merely a check.
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It is not a cashiers check, it is a certified check. Two different things. A cashiers check is drawn on the issuing bank's funds, but a certified check is drawn on the buyer's account. So, with a certified check, the account owner could possibly remove funds from their account or close the account before the check is cashed. But, more likely, the check will be a complete fraud, a counterfeit check.