he asked me to prepare a bill of sale contingent of the reciept of money guaranteed into my account after it is wired. what is the best way to structure this to protect us both and not lose my car and the cash as I dont want to sign over anything until I get the money.
The best advice I can give you is to hire a lawyer. The question raises more questions, and the answer requires many many assumptions. Most times, we can answer questions here in a general manner, but this one is virtually impossible to answer succinctly.
You will need to deal with both the Bill of Sale and the title documents, and the situation is even more complex if the buyer is out of state. There are a lot of unanswered questions, and it's not clear what advice you are asking for. I don't see a problem with a contingent bill of sale/purchase agreement. Most people don't higher attorneys for this type of work, but in your case it may make sense. If you have a friends who is a car broker, that might be a cheaper resource than an attorney. One thing's or sure, though -- don't let the car roll until you have green money in hand.
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