Last week we had a warning on our MLS regarding a listing agent who recieved an offer from a buyer in another country. After negotiations they had mutual acceeptance. The contract was sent to escrow.
The "buyer" sent a check to escrow far exceeding the amount due at closing, the check was fraudulent. Of course the deal is voided.
They are waiting for the buyer to demand the difference back.
Any one anywhere else heard of this or had it happen personally in a transaction?
Hard to imagine this since no Title Company or Escrow could possibly miss a fraudulent check.