Well, my sister just almost lost her life savings. She’s in the process of buying a very modest home near me, with the proceeds of selling our mother’s house. She’s had several mistakes happen with the realtor instructions (actual ones) so she was surprised but not suspicious when she got an email with instructions to wire the payment to the title company’s account who would then make the check. She did (she thought) check with the realtor if this new process was correct, since it contradicted earlier instructions.
Long story short, was discovered after three days–two days following that of us all being devastated fo her, and then, thankfully! the bank was able to recover the funds before they disappeared forever. Which apparently was the likelier outcome.
She’s not a gullible person, though maybe not totally savvy. but googling around, I have been finding out that this scam is exploding right now–even real estate professionals have been taken in. The faked emails mirror the actual ones exactly. So I know now, check everything verbally and in person. Just so thankful she got her money back!