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The $100,000 question you should be asking your real estate agent

Homebuyers beware: Putting a down payment on a home could cost you your life savings.

Portland homeowner Aaron Cole was about to close in on a home purchase in Oregon when he received an email instructing him to wire the $ 123,000 down payment to someone he thought was the WFG National Title Insurance Company (WFG), a Portland-based national title insurance, settlement, valuation and technology services company. It turned out to be a scam — the money he wired did not go to WFG, but an unknown bank account based in Florida. He lost the money — and almost lost the home unti… – All MarketWatch News – Personal Finance

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