Fraudsters pose as a legitimate business and send an e-mail containing a link or an attachment to someone involved in the transaction, such as the attorney, paralegal or real estate agent.  

Within those e-mails, the fraudster urges the recipient to click on the link in order to retrieve documents that they think are part of their closing.

At a critical point, fraudsters know when to send an e-mail with wiring instructions AND call to confirm the receipt of the instructions. 

If your email has been compromised, the Fraudster can send you bogus wiring instructions via your e-fax number, as people are likely to not expect something fraudulent coming from a fax number or the Fraudster may pose as a lender and send you a fake mortgage payoff instruction by regular fax or by e-fax.