Old Puddle Pirate
Newbie
I'm not sure but if any part of the transaction was through the US Mail there may be mail fraud involved and as best I,know the postal investigators get very upset over those kind of things. Might be worth checking in to
Or, maybe it is a simple matter of the UPS Store in Apollo Beach returning it to the brokerage if no one claimed it.I'm not sure but if any part of the transaction was through the US Mail there may be mail fraud involved and as best I,know the postal investigators get very upset over those kind of things. Might be worth checking in to
Or, maybe it is a simple matter of the UPS Store in Apollo Beach returning it to the brokerage if no one claimed it.
I have become so disgusted and disenchanted with my own experiences with brokers that I have all but given up searching for a used boat. I've been here before, and ended up buying new just so I wouldn't have to deal with used boat brokers.
My own experiences have been nearly universal misrepresentation of the condition of a boat, or other circumstances related to its sale. I know brokers are trying to get potential buyers to come see a boat (so they can report back to the seller the count of 'showings'), but if the condition of a boat is grossly exaggerated to me, and I travel a long way to see it, I'm not going to buy it. I'll just be pissed for having my time wasted.
FWIW, I've had consistently outstanding dealings with Trey Schaeffer of Coastline Yacht Sales in Baltimore MD. I found him to be honest, straightforward, forthright, hard working, and a pleasure to work with. If I was still living on the east coast, I wouldn't hesitate to work with him again.
Best of luck in straightening out your current situation.
Thanks, I knew I wasn't the only one.
Mabey we should start a "Creepy Brokers from Hell" thread.
We canceled a deal on a boat purchase, the boat failed the survey. The broker delayed refunding our deposit for 7/10 days and when he finally did we said he mailed a check. 8 days later, no check. I ask him to stop payment on the check and reissue a new one and Fed X it.
He advised me he never deposited the cashiers check that I originally handed him, he just put it in an envelope and mailed it back to me. Now it's lost and my responsibility, according to him.
So, what do you think. My problem or his. IMO he mishandled my funds and the responsibility to make this right is his. In the best case circumstance I will now have to pay to stop payment on my original check, worst case I just lost my deposit.
Need some wisdom from the great forum garu's please.
BB.
In Florida, its the brokers duty to handle other peoples money with care and under the regulations. Most times they wont accept a personal check in case it bounces as it voids the contract, so being asked for a cashiers check is normal.
David
In Florida, its the brokers duty to handle other peoples money with care and under the regulations. Most times they wont accept a personal check in case it bounces as it voids the contract, so being asked for a cashiers check is normal. I know in Real Estate and I believe its the same in boats that the check must be deposited into a none interest bearing separate escrow account that HAS to be reconciled regularly or face fines from the state.
Give him 24 hours notice to resolve and then file a complaint with the state.
Even unbanked, it has some value. It indicates to the seller the "buyer" is sufficiently interested to hand over a monetary deposit. Not a lot, but better than no deposit check.A deposit check should be deposited otherwise it serves no purpose and has no value.
A deposit check should be deposited otherwise it serves no purpose and has no value.
Even unbanked, it has some value. It indicates to the seller the "buyer" is sufficiently interested to hand over a monetary deposit. Not a lot, but better than no deposit check.
Greetings,
Mr. 11. "An un-cashed/not deposited personal check has value!?" Of course. More so than a blank piece of paper.
Check: "7 : a written order directing a bank to pay money as instructed :"
Check | Definition of Check by Merriam-Webster[1]
Maybe in your world. But in mine, until the money is in my hand or in my account, it has no more value than a blank piece of paper.
In fact they can be of equal value. In that they can both be nothing more than an IOU that is worth no more than the paper it is written on.