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Old 05-27-2008, 03:00 PM   #1
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I would call your bank and specifically ask them how long it should take. It was a holiday weekend and things may be a bit slow.
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Old 05-27-2008, 03:06 PM   #2
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As long as you still have the title you should be o.k., Since it was a holiday weekend it should be a bit longer for the bank to process the transfer.
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Old 05-27-2008, 04:13 PM   #3
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How do you know he wire transferred it? Do you have some confirmation number or a printed receipt? Please tell me you did not give him the car and title before you had the money?

Did you do a title transfer? In most states that means he had to show a notary his driver's license. Get his address from the notary and be ready to sick the cops on him if the money does not appear in your account by Friday morning (that's 3 business days).

Don't cancel your car insurance until you have the money. If this is a scam (and I hope its not), then report it to the police - its theft by deception and fraud. Then take the police report to your insurance company and get some recompense.

Good luck
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Old 05-27-2008, 04:17 PM   #4
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Quote:
Originally Posted by renzop
How do you know he wire transferred it? Do you have some confirmation number or a printed receipt? Please tell me you did not give him the car and title before you had the money?

Did you do a title transfer? In most states that means he had to show a notary his driver's license. Get his address from the notary and be ready to sick the cops on him if the money does not appear in your account by Friday morning (that's 3 business days).

Don't cancel your car insurance until you have the money. If this is a scam (and I hope its not), then report it to the police - its theft by deception and fraud. Then take the police report to your insurance company and get some recompense.

Good luck
Alan


i have the title, he sent a fax and i saw it, he confirmed it and sighed it.
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Old 05-27-2008, 04:31 PM   #5
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As long as you have the title, you are OK>
Once the money hits your account, move it to another account and keep amounts in the receiving account extremely low [so they can't remove the money]
Keep your For Sale listings active until the bucks are in.
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Old 05-27-2008, 04:59 PM   #6
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I used to do wire transfers all the time a few years ago. Unless it's changed, it's a surprisingly manual process. It can take a business day or two depending on the cut offs at the banks involved. I wouldn't worry about a 1 day delay. Any longer and I would call the bank.
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Last edited by heyjae; 05-27-2008 at 05:01 PM.
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Old 05-27-2008, 10:06 PM   #7
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it takes about 2 business days from my previous experience but might be a little longer because of the holiday weekend.
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Old 05-28-2008, 07:29 PM   #8
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I am pretty sure that once a wire is sent it is impossible for the sender to ask for it back assuming the correct person received it.

Quote:
Originally Posted by FTD
......so they can't remove the money....
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