Posted by Rich-CA on June 11, 2007 at 15:46:55:
It does make it easier to be nearby. We sold off in CA at the height of the market (units in the complex where we liquidated are still $30k below what we got) and nothing is nearby.
The ACH tranaction is the automatic debit/credit to checking or savings accounts. These can be reversed under rules very similar to the ones for credit cards.
BTW: CC transactions cannot be reversed if you show the issuer a signed authorization indicating when, how much and how many times the charges will be applied.