[NOPANTS68]

I've gone through this a couple of times this year myself. My credit union suggested I open a temporary account just for the deposits the buyer was going to do. We did it in three smaller deposits and withdrawls under 10k to avoid an fed's radar (not sure if that's how it works, but why advertise) and I would just verify the amounts and transfer it into my personal accounts. We drew up a simple agreement and faxed it back and forth with signatures and dates. The bottom line is that the car doesn't move unless you have cash or the bank gives the thumbs up that all is clear. Upon completing the transaction, I terminated the ghost account. I don't think the contract does anything but makes people feel comfortable about the deal. Avoid cashier's checks unless you both are at the bank verifying it in person. So many ways now to get scammed, you really have to be overly cautious. If you are the buyer, it's a totally different game.