Just recently there was a news story about a couple in California who lost almost $800,000 in a Wire Transfer Scam. They were in the process of buying a home, and they received an email, which looked like it was from their title company, with wiring instructions for their down payment. They wire transferred the money, only to find out it (eventually) went to Singapore, where the trail ended.
If you ever get an email from a title company, lender, or Realtor, asking you to wire transfer funds, STOP, pick up the phone, and call to verify that the email is legitimate.
This has been a growing problem for the past few years, as hackers get more sophisticated, and more real estate business is done online, rather than in person.
