Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 19-08-2008, 05:17   #31
Senior Cruiser
S/V Antares's Avatar

Cruisers Forum Supporter

Join Date: Sep 2007
Location: Annapolis, Bahamas
Boat: 1983 Gulfstar 36
Posts: 1,251
Images: 1
Ok, Yes we can all agree that escorw or a papertrail is desirable. However..
1. Based on the original posting We do not know if this is a large quantity.
2. The seller is financing a portion so who is in the position to lose? It is just as easy for the buyer to kite a check and split town.
3. We do not know the disposition of the documentation or title.
4. We do not know if the seller is a "Hippie"

All said there is good info we all should use in this thread. And thanks Chief E. for the hardy chuckle!

Will & Muffin
Lucy the dog

"Yes, well.. perhaps some more wine" (Julia Child)
S/V Antares is offline   Reply With Quote
Old 04-09-2008, 14:47   #32
Registered User
Chantyabc's Avatar

Join Date: Jun 2008
Location: Miramar Florida
Posts: 19
With everything thats going on today.. So much fraud... i would definetly be extremely careful.. Take it from me I am in boat financing and i see it everyday. If you need advice send me a message and I will be more that happy to help.


Chantyabc is offline   Reply With Quote
Old 04-09-2008, 15:07   #33
Registered User
S/V Illusion's Avatar

Join Date: Oct 2007
Location: Lakewood Ranch, FLORIDA
Boat: Alden 50, Sarasota, Florida
Posts: 1,731
While it is always sound advice to be cautious, paying cash under the proper set of circumstances should not be problematic. When one considers the options of payment from escrow, bank check, personal chech, etc..., each presents an equivalent risk to cash in a bad transaction. The only distinction with the latter types of payments are the obvious paper trail should you have to subsequently produce documentary evidence. So, as long as you get such documentation of a cash transaction, you have the same protections as with any other method, no more or no less. The only challenge to you would be to ensure that the form you choose to obtain documentation of a cash transaction be clear and unambiguous which, depending upon the vale, may be more appropriately created by your attorney.

S/V Illusion is offline   Reply With Quote

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

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
Seller Financing? kenackr Boat Ownership & Making a Living 19 27-04-2014 09:31
Making cash fixing stuff? John_621 Boat Ownership & Making a Living 7 25-04-2008 05:04
Documents and Cash MaDouleur Provisioning: Food & Drink 15 11-04-2008 14:04
Seller / Buyer responsibilities MysticGringo Monohull Sailboats 14 23-03-2007 10:22
Advice on getting cash in the Med ??? Tony Wilkes Meets & Greets 12 01-02-2007 11:05

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 23:26.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.