1 step closer to an RZ2

[smuurph84]

So I finally got the I/O sold! the guy flew in from nebraska to the ATL and I took him out for the day. everything went great and he has been very good to deal with. the only question I have is on Uship. I agreed to split the cost with him on the shipping but I'm not sure the loan paper work will be 100% complete before the shipper needs to pick it up Sept.1st. he is getting his loan through the same bank we have ours through (bank of the west)and we already have the bill of sale complete and sent to the bank. should I wait till the paper work is 100% complete before we let someone pick it up. I'm not at all worried about the buyer but what if something happens to it while its being shipped? has anyone delt with this before? Also he sent me the profile of the uship guy and it says he has 300,000. BIDI? anyone know what that means? the shippers profile looks great and he has almost all excellent reviews. any help would be great Thanks,

[robert theisen]

i would have to have funds in hand or verified by my bank in my account. before boat leaves. think about it buyer has your boat and bill of sale.is it on a trailer?why can't buyer tow it? how is he going to move it when it gets to final destination?sounds too good to be true it usually is.why is shipper there before loan is done?would you arrange for your shipper to pick up something you hadn't finalized the loan on yet?sorry just stating the FACTS.

[evil0ne]

Money first. I have no problem with someone from Nebraska not wanting to drive to Atlanta and back. UShip is definitely the way to go there, I don't see anything fishy with that.

[petrey10]

you better make sure it ok with your bank... I am a loan officer and I would not let you transport the boat till all paper work is done...

[talltigeguy]

And if UShip wrecks it, then who pays? I suspect the shipper's insurance would, but you can bet that they will want to know who owns the boat...and who does own it if the money has not actually changed hands yet?

[Ewok]

Yup, get the money first, sign over the title and then release the boat to the shipper. Not only liability with who's insurance is covering what but there are lots of scams that go down this way. If the buyer can expedite the paperwork with his bank have him do that or change the pickup time of the boat. The U-ship guy might not be that flexible and it could cause some scheduling headaches but you have to protect yourself first.

[smuurph84]

you better make sure it ok with your bank... I am a loan officer and I would not let you transport the boat till all paper work is done...

What will the bank send me to confirm everything is complete? It should be pretty easy I would think since he is using the same bank I currently have my loan through?