I'd rather be sailing
Join Date: Jul 2006
Location: The state of s/v/ Pelican
Thanked 2 Times in 2 Posts
Rep Power: 10
Urgent: Questions about selling process
Hi All -
As I mentioned in another thread, I'm selling my boat. The buyer found me over the Internet, came to my house, inspected the boat and then arranged for financing. I don't know him and I have no references. I have no reason to suspect anything but honesty, but in today's day and age - you never know.
The buyer arranged for credit through Essex Credit who is using "Titling Services of Florida" to handle the closing. Titling Services of Florida wants me to send down the original titles for boat and trailer, signed, plus a limited power of attorney. They state they will release these documents to Essex Credit upon my receipt of the funding (i.e. act as an escrow agent). I don't know these guys at all and am somewhat uncomfortable sending them all this information.
Has anyone here used this organization? Do you know who they are? Does anyone have any recommendations on how I can proceed while making sure no fraud is involved? They would like to close this week, and I'd love to get my money this week!
s/v "Pelican" Passport 40 #076- Finished Cruising - for the moment -
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"Don't dream your life, live your dream" - Bob Bitchin'
"I'll see it when I believe it" - Me