Closing Agent Blames Russian Mob For Stolen Online Wire Transfers Meant For Loan Payoffs; Unwitting Couple Seeking Mtg Refi Now Left Facing F'closure

In Parker, Colorado, KMGH-TV Channel 7 reports:

• It sounds like it's from a movie, but a Parker family and a title company both say the Russian mafia is stealing money from wire transfers. As a result, a Parker family may lose their home to foreclosure and they did nothing wrong. "I don't get why this can't be cleared up today," said Kim Canning, of Parker.

• Canning and her husband, Tim, refinanced their home in September 2009. Canning thought it was a simple process -- a few signatures and the deal was done. But a few months later she started receiving letters from Bank of America stating she had not paid her mortgage and they were going to begin foreclosing on her home. That's when she learned the refinancing never went through and she might actually lose her home.

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• Canning refinanced her home with Classic Title Agency. At some point when Classic Title was transferring the funds online to Chase Bank, $900,000 disappeared. President Ryan Rodenbeck of Classic Title said nine $100,000 transfers were stolen -- $277,000 of that was part of the Cannings' refinancing.

• According to Rodenbeck, the Russian mafia intercepted it and stole the money. Bank of America, which held the Cannings' first mortgage and was supposed to get the money, never did. Bank of America assumed the Cannings had just stopped paying their mortgage so they started the foreclosure process on the family's Parker home.

For more, see Did Russian Mafia Steal Family's Refinancing Money? (Title Company Claimed Russian Mob Stole Money During Wire Transfer).