John,
When I sold my Artero I used an online escrow account I set up through
PayPal. That was a few years ago and PayPal has experienced a few minor
adjustments since then so I don't know if they still have that
arrangement, but you can set up an escrow through any bank as well.
Larry
On Friday, February 21, 2003, at 10:15 AM, MGTD2@aol.com wrote:
> Listers:
> I know that 99% of lawyers give all the rest a bad name, but I believe
> we have a few of the maligned among us who might opine on the
> following:
>
> I'm putting a substantial deposit down on the car in another state
> that I won't be picking up for several weeks. The seller has
> suggested I place my deposit in her lawyer's escrow account. I don't
> even trust MY lawyer, so why would I send a check to her lawyer?
>
> 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."
>
> Nevertheless, it seems to me that the seller's lawyer represents the
> seller's interests. If the deal doesn't go through because it turns
> out the car was painted with Krylon, will it be a problem to get my
> escrowed money back?
>
> help!
>
> John Deikis
>
> P.S. I realise everyone has an opinion on those who inhabit the legal
> profession. But rather than start a humorous thread at the expense of
> attorneys in general, maybe we could limit responses to those out
> there who know about escrow accounts and the practices of New York
> State Bar-admitted lawyers. (Houston and Shlafer...if you can't
> restrain yourselves, feel free to email me off list. I'm sure your
> insights into the world of sharks are not to be missed! ;-))
>
--
Larry B. Macy, Ph.D.
macy@bbl.med.upenn.edu
System Administrator/Manager
Neuropsychiatry Section
Department of Psychiatry
University of Pennsylvania
3400 Spruce St. - 1015 Gates
Philadelphia, PA 19104
I have great faith in fools - my friends call it self-confidence.
- Edgar Allen Poe
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