You should only accept payment through TRED to avoid fraudulent transactions and handling large amounts of cash. Your payout is guaranteed up to $75,000. TRED also provides other support during your sale, such as loan payoff using proceeds collected from the buyer and detailed instructions guiding you through signing the necessary paperwork and releasing your liability by notifying the state DMV of your sale.

You can learn more about buyer fraud and "title skipping" here

Did this answer your question?