In addition, have someone in the area where the car is located look at it for
you and give you a report. Also, if it isn't necessary to put down a
"substantial" deposit, put down a smaller deposit both you and the seller are
comfortable with. Another possibility, if you are actually picking up the car
in "a couple of weeks", maybe the seller would hold the car, or hold the car
for something nominal like a $100 with the agreement that if the deadline to
pick up the car passes the seller can sell it to someone else.
rusty
-------Original Message-------
From SDOliner at aol.com
Sent: 02/21/03 11:32 AM
To: spridgets@autox.team.net
Subject: Re: LBC buying
>
> In a message dated 2/21/2003 10:29:47 AM Eastern Standard Time,
MGTD2@aol.com
writes:
> I called the guy and asked him that question and he basically said "We
> handle millions of dollars per year through our escrow department....
and
> the bar association....and ethics....and blahblahblah."
>
>
Say and think whatever you want about New York State lawyers (I was one
for a
long time, but was finally cured), but no lawyer is going to lose his
license
to practice by screwing around with the money in his escrow account. If
this
happens the State has a fund to pay you
I think the question more on point, is that the lawyer might be
representing
the interests of the seller. Well, if a dispute does arise, the money has
to
paid into Court where it will be resolved. Yes this will be a costly and
huge
pain in the ass experience. So try to avoid that possibility by checking
out
the seller, the car etc.
Yes, you are to a certain extent walking in a blind alley, but your
concern
should be with seller, the condition of his car, not his lawyer.
In this case the lawyer is basically in a neutral position.
David Oliner
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