Jeff,
Of course you are right. This whole deal sounds as strange as a three dollar bill. I smells really fishy. However, I have had some pretty strange transactions with foreigner buyers. When I was in the manufacturing business we sold a lot of stuff off shore and on a couple of occasions we just got orders out of the blue, no quote no negotiations, just an order. Once we had secure funds we would ship to a forwarding agent. If this guy can put $45,000 in my bank account he can have the airplane.
No way will I release a title or airplane until collected funds are in my bank account. (I was borne at night but it wasn?t last night.)