I just heard this story on the news in Denver.
A couple refinanced their home, when the title company paid the 1st mortgage off, the check bounced. Title company said that their account had an electronic transfer which shows that the 1st was paid off.
1st said they never received money, and are foreclosing
New mortgage co. said not their problem, they have a perfected lien.
Title company says not their problem, the funds were transfered out.
FBI got involved and it appears as though title companies are being hacked into by Russian Mafia.
Meanwhile, homeowners have 2 loans on their property and are being foreclosed on.
There have been at least 6 instances of this happening.
Yikes!!!

Deevee where did you see this news and what title company?

It was on the national news, KHOW. I can't remember the title company, somebody I haven't heard of, but the title co. bank is Chase. Previous mortgage co. is Wells Fargo, new mortgage is MetLife.
The news said the FBI is now investigating the connection with the local russian mafia

Wow. I would think it would be pretty easy for them to get a judge to stop the foreclosure until the FBI is finished with their investigation. I would be surprised if a court allowed the foreclosure to go through at this time.