Here's the scenario…

 

A purchaser contacts a Colorado real estate agent and makes a full cash offer on the property. The purchaser is from another country (Japan in the information we have received). Title work is then ordered. The purchaser mails cashier’s checks/bank checks from Canada (not necessarily drawn on a Canadian bank). The checks are made out to an individual (closer, principle) not to the title agency and may exceed the purchase price. The purchaser requests a portion of the cashier’s check back via wire transfer.  The cashier’s checks/bank checks are fraudulent.