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I am trying to buy a car on Craigslist and the seller wants me to use a amazon escrow service I have never heard of this is this ok to do?
Wiki User
∙ 12y ago
Amazon do not offer an escrow service.
The whole thing is a scam. There is no car, the advert on Craigslist is fake, designed just to get you to use his fake escrow service website and steal your money. Here are some examples of the fake escrow websites.
Wiki User
∙ 12y ago
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Can you explain escrow?
You pay the seller as normal but the money is released to the seller when you confirm you have received the product.
What services does Seller Central provide?
Seller Central is a part of the Amazon website. It is a place for sellers to offer their products through the Amazon Marketplace. They can use Amazon's fulfillment network to ship their orders and provide customer service.
Can't send an email to a seller on Craigslist and sending it to the sale email is unsendable?
i can't send email back to seller on craigslist
How an escrow clause can be drafted?
First, determine what conditions would cause you to back out of your agreement with the seller after signing the purchase agreement. Write these into an escrow clause, then have an attorney look it over to ensure its legality. Then, both you and the seller must sign the clause.
If money is put in escrow by the seller of real estate at time of closing is the seller eligible for refund of the money?
Refund occurs if and only if all conditions of the escrow agreement are carried out. In the case of an escrow of money from the seller, this is done to make sure that all requirements of the sale, including those that may be hidden or not immediately apparent are carried out. An escrow agreement is a contract. A third party, the escrow holder is involved. Because a third party holds the money, this is not the same as a deposit. The third party is the one who must be satisfied that the agreement is completed. There are specific government laws and regulations on escrow agreements, as well as the principles of contracts. Laws and regulations control how the money in escrow affects financial standing of the parties in the transaction in regards to loan eligability. jp
What is an escrow deposit?
An escrow deposit is money put down to hold a contract to purchase real estate. The deposit should be given to a 3rd party such as a realty agent to hold. When you are attempting to purchase a business, you usually put up an 'earnest money deposit' to be placed in escrow. The deposit money does not belong to the seller. The last person you want to give it to, to hold onto until closing (settlement, passing of papers) is the seller! If the deal sours and the seller has already used the money ("Oh, he told you it would go into a special fund? It did...") it may be extremely difficult to get your deposit back. Perhaps in the seller's mind he thought it was his to keep. Give it to a third party to hold! If you are buying a FSBO (for sale by owner) give it to an escrow agent, escrow title company, attorney, or you can go to the bank and set up a special escrow account. (This may vary by state law. I just tried to put a deposit into it's own escrow account and the bank will not let 'escrow' be on the account as it implied they were the escrow agent and they want no liability or part of a dispute.)
What is the job description of an escrow agent?
Before a real estate sale is deemed "final," it enters the escrow process. The escrow process makes sure that property titles are good, there is no outstanding debt, and the buyer and seller have completed their responsibilities according to the real estate agreement. Escrow officers make sure that the real estate sale passes the escrow process.
Where can I find a comprehensive selection of McFarlane toys?
You could find such toys collectibles at Amazon, Ebay, or bigbadtoystore.com. Craigslist may have some for sale but would need to be picked up from the seller or arranged to be shipped.
Is Amazon uk safe to buy from?
If the seller is Amazon then yes
How can you be sure if you pay for a car and the seller will not disappear with your money?
The best way to be sure that if you pay for a car online that the seller will not disappear with your money is to use a secure form of payment such as Escrow. and paypal
Why would a local seller on craigslist want you to pay through eBay services?
It may be to have an electronic record of the sale, but be wary with the seller.
Does Amazon take personal checks?
Yes they do only if the seller is Amazon
