Recognizing stolen equipment ???

[JimR]

Not necessarily. Some people don't want other people to know where they live so they don't come back and steal their stuff later on.

I can understand that but who is going to bring an item somewhere for someone to look at, not me. I take plate numbers when someone comes to my house to look at something. It is called CYA just in case.

 

[CobyRupert]

I can understand that but who is going to bring an item somewhere for someone to look at, not me. I take plate numbers when someone comes to my house to look at something. It is called CYA just in case.

Depends on the item.
I live in a rural area that people from nearby urban/suburban areas think is the hinterlands ("too far to drive!"), yet they think of me driving "to town" as no big deal. (Somehow they figure it's shorter in one direction than the other?)
Sometimes it's just easier to meet them when I'm out to town. (Or as people in other parts of the country say: "when I'm in town".)

 

[JimR]

Depends on the item.
I live in a rural area that people from nearby urban/suburban areas think is the hinterlands ("too far to drive!"), yet they think of me driving "to town" as no big deal. (Somehow they figure it's shorter in one direction than the other?)
Sometimes it's just easier to meet them when I'm out to town. (Or as people in other parts of the country say: "when I'm in town".)

I work in the nearby city. I also bring smaller items like lawn mower tires and wheels or car parts to work and meet them at lunchtime nearby at Burger King.

 

[mred2]

lawyers may help on this. My understanding on checks, if someone writes a check to purchase something knowing it is bad, that is fraud. If however, he writes a check to cover a debt, it is not. When you agree to let them charge it to an account, it changes things. It becomes a civil case as people can not be put in jail for debt.

 

[K5lwq]

lawyers may help on this. My understanding on checks, if someone writes a check to purchase something knowing it is bad, that is fraud. If however, he writes a check to cover a debt, it is not. When you agree to let them charge it to an account, it changes things. It becomes a civil case as people can not be put in jail for debt.

It is illegal in most states if not all to right a check that does not have the funds to cover. You can not be put in jail for bad debts but you can for hot checks. I turn 3 or 4 over to the prosecutors in my county per month. They normally can collect the funds for me when they give the person the option of pay or jail.

 

[hosspuller]

A timely topic... I had a seller back away when I offered to pay a portion of sale price. Balance when He produced a canceled note from lender. I wonder if I missed a good deal or dodged a bad deal.

 

[CobyRupert]

A timely topic... I had a seller back away when I offered to pay a portion of sale price. Balance when He produced a canceled note from lender. I wonder if I missed a good deal or dodged a bad deal.

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?

 

[PILOON]

I was once offered a Kubota B21 c/w FEL and backhoe for $7000. It had about 400 hrs on the meter.
Many said I should have grabbed it, but I did not.
The seller was an honest crook, LOL.
(He had declared it stolen and claimed from insurance.)

AS the saying goes, If it is too good to be true----.

On follow up, I did happen know the person that actually bought it and one day the fuel police took samples of his fuel to discover he was using heating oil and not diesel fuel as prescribed in this Province. (we don't have 'off road' here ,only stationary engins can use 'off road')

Well there was a whole lot of panic for quite some time over that. The only thing that saved him was fact that the fuel police could not find the SN on that Kubota.
He did have to pay fines on his 3 tractors however that had heating oil in the tanks.

From time to time they do road blocks and stop all the trucks as well.

 

[PILOON]

Pawn shops are an interesting case. Like where do they think much of the stuff comes from?

Around here the pawn shops are required to list ID (driver permit) for items they purchase.

Same goes for scrap yards.
LOL, for a while manhole covers were a big item as were catalytic converters*

*with battery powered grinders many a car at shopping malls left with rather noisy exhausts.

 

[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.