This article initially appeared on: https://fraudinsights.fnf.com/vol18iss05/article2.htm
Escrow Officer Kim Rafael and Escrow Assistant Liz Manges from Fidelity’s Napa, California office, received a For Sale by Owner (FSBO) order on property in Southern California. The order was opened by the buyer via email.
The property was a residential three-bedroom, three-bathroom villa in Pacoima, California. The sale price was $490,000 and the contract called for a one day closing with a Canadian buyer who was supposed to send a $49,000 earnest money deposit.
Kim and Liz pulled a copy of the latest