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If you have attempted to sell a boat on the internet, chances are you may have come across prospective buyers offering to buy your boat for more than it is worth.
The story usually goes something like this...
They email you telling you they like your boat. They (or their client) wants to buy the boat, and have you ship it overseas. They will send you a cashier's check for more than the amount. This additional amount will cover the shipping cost.
If you are approached with this situation, I recommend you proceed with extreme caution.
IF IT SOUNDS TOO GOOD TO BE TRUE, IT PROBABLY IS!
Just remember:
Certified checks are NOT GUARANTEED. Your bank, will honor the check and give you cash against it. A counterfeit cashier's check may not be discovered until weeks after it has been cashed. When the forgery is discovered, you will be held responsible for the funds drawn on this check!
Not only will you be out the money, your boat is now overseas. It will be very difficult to prosecute someone from a foreign country.
We recommend if you are dealing with someone overseas, make sure you do thorough background checks. Get as much information about the buyer as possible. Also try to use a 3rd party escrow company for the funds, to help protect you.
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