Recognizing stolen equipment ???

[aczlan]

What am I missing or misinterpreting? :
"...seller back away when I offered to pay a portion of sale price." - You wanted to pay less than asking price. Seller didn't accept offer. Seems simple.
"Balance when He produced a canceled note from lender." - Not sure, but I gather the seller had a canceled note from lender. So he owned it free and clear? Ok....?

Where or what was the "balance"? Wasn't it zero if he had a canceled note?

Sounds like he wanted to put down a deposit on a piece of equipment that was for sale with a loan against it and would pay the rest of the sale price when the seller proved that the loan was paid off.

Aaron Z

 

[CobyRupert]

Sounds like he wanted to put down a deposit on a piece of equipment that was for sale with a loan against it and would pay the rest of the sale price when the seller proved that the loan was paid off.

Aaron Z

Oooh! So the seller DIDN'T produce a canceled note from lender right before buyer offered to pay a portion. Gotcha.

"if" would be a better word. There was no "when". It didn't happen.

 

[nards444]

end of the day common sense prevails folks. A lot of one sided stories here or the I know a guy story. Selling something of value get cash or a cashiers check and verify funds, dont take personal checks or promises. When buying do your due diligence.

 

[Shaneard]

end of the day common sense prevails folks. A lot of one sided stories here or the I know a guy story. Selling something of value get cash or a cashiers check and verify funds, dont take personal checks or promises. When buying do your due diligence.

Speaking of cashiers checks, I know a guy who sold a $20K truck to a man with a cashier check, both walked in a bank, they deposited check and 2 days later somehow check is no good. Truck gone, man out $20K bank says there is nothing they can do.

 

[Shaneard]

Nothing abnormal about that. Not like it was a certified cheque. That guy must have been born yesterday.

I'm not sure when his birthday is. It could have been yesterday

IT, your post is gone? What happened to it?

 

[Industrial Toys]

Sorry, I got that wrong. Had to Google what a cashiers cheque was. The BANK apparently should be good for that.

 

[nards444]

Speaking of cashiers checks, I know a guy who sold a $20K truck to a man with a cashier check, both walked in a bank, they deposited check and 2 days later somehow check is no good. Truck gone, man out $20K bank says there is nothing they can do.

yeah the other I know a guy scenario. Most bank if that check is the sellers name can not be simply turned off. The original check has to be returned or a bond obtained. Different levels of Checks at banks, Certified, cashiers etc. best bet is the name needs to be in your name.

 

[Shaneard]

yeah the other I know a guy scenario. Most bank if that check is the sellers name can not be simply turned off. The original check has to be returned or a bond obtained. Different levels of Checks at banks, Certified, cashiers etc. best bet is the name needs to be in your name.

Well yeah, we all know someone something has happened to, right? If we don’t then it must be us that others are taking about.

 

[JimR]

Speaking of cashiers checks, I know a guy who sold a $20K truck to a man with a cashier check, both walked in a bank, they deposited check and 2 days later somehow check is no good. Truck gone, man out $20K bank says there is nothing they can do.

I would never accept a bank cashiers check. A certified check is a different story. Even a certified check would be checked at the named bank before letting anything leave with a buyer. I take cash only when selling things. There are way too many thieves out there these days that will screw you over. I had a guy send me a $4K check to me once drawn on Bank of America for an item I was selling. It was one of those deals that they want to buy your item, ship it out to them and return the other funds after paying for the shipping. LOL, I know a scam when I see one. I brought the check to BOA and told them it was fake and to check it out. The teller ran it through her check machine 3 times and asked if it was okay to get a manager. I said sure, I know the check is fake. The manager came out, inspected the check, matched it up to one of theirs and it was identical, even the stripe going through it. The numbers were not BOA's. I told him the rest of the story. He made a copy of the check and gave it back to me. I gave him the name and address of the buyer. I emailed the buyer and said I'll get back to you when the check clears. LOL, I never heard from the idiot again.

 

[Industrial Toys]

Criminals and con artists are just so much better informed as to how to screw someone. Sometimes your gut instinct is your best friend. Being greedy or wanting to sell can be your worst enemy.