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Still say a call to Essex, made even easier by getting the contact information from your buyer, should put your mind at ease. They are a Ca company but I believe with individual reps around the county. I am sure that the local rep that the buyer is using will be able to answer your questions quickly.
I have not sold a boat using a finance company. However, when I bought my last boat I used Newcoast Financial, similar to Essex. I live in Michigan, the rep and the closing were in Florida, and the bank office that actually lent the money was B of A branch in Atlanta. They required that they document the boat (as money maker for them) and I did give them a LIMITED Power of Attorney to act in my interests at the closing.
As the seller, unless you and the buyer are going to Florida (not sure where you live), they need your LIMITED power of attorney to act in your interests, and then transfer the dollars to you. My assumption is that my dealer on a new boat gave that same power of attorney to Newcoast to get the dollars.
The actual transfer of my new boat did not occur until the dealer had the cash in their hand. You should be in the same position. Cash the check and wish them well.
It sounds like you are having a painless sale except for the concerns you are raising. Understandable, but they can be overcome with a few phone calls.