Consumer complaint received 2018-12-31
Company: WELLS FARGO & COMPANY
State: CA
Product: Mortgage
Sub-product: Other type of mortgage
Issue: Struggling to pay mortgage

Complaint:
Wells Fargo Bank foreclosed on my home with FRAUDULENT FORECLOSURE DOCUMENTATION! 

History of Fraudulent Documentation : Wells Fargo Bank is well known and has a reputation for improperly documenting foreclosure proceedings. Wells Fargo Bank has been penalized for being dishonest with mortgage document handling and account information. 

Despite being penalized for internal errors and deceptive business practices Wells Fargo Bank has yet discovered a new way to mislead and victimize minority homeowners, and profit from aggressively foreclosing on obsolete and antiquated Predatory Loan Debts. 

Predatory and Fraudulent Loans : XXXX XXXX of XXXX is gone. XXXX XXXX Bank is gone. XXXX XXXX Bank is gone. XXXX Bank is gone, but the 30 and 40-year predatory ADJUSTABLE RATE LOANS and the PICK-A-PAYMENT LOANS they all spawned are still poisonous and problematic for millions of homeowners whose loans are now serviced by other financial banks such as Wells Fargo. 

The banks that are gone are those that focused on niche marketing. Specifically targeting and focusing on minority borrowers with relatively low credit scores who could borrow with nothing down and without verifying income. The predatory loans made by these banks included deceptive terms with payment calculations that typically become unaffordable for mostly minority borrowers over time. 

Fraudulent, Pick-A-Payment Loan : In XXXX my XXXX XXXX Bank XXXX Pick-A-Payment Loan NOTE was deemed illegal, fraudulent and forcefully modified pursuant to a Class Action Lawsuit filed by the XXXX Attorney XXXX XXXX of California. The forced modification of my illegal and predatory Pick-A-Payment Mortgage Loan NOTE, terminated all contractual obligations whereby a new modified mortgage note was created, signed for by me and fully executed as a new contract or Mortgage Loan Note attached to my XXXX Deed of Trust. 

In XXXX of XXXX Wells Fargo Bank assigned the untrue, incorrect and outdated Null and VOID, Pass, and XXXX XXXX XXXX Bank XXXX Pick-A-Payment NOTE to the XXXX XXXX XXXX XXXX to foreclose. From XX/XX/XXXX XXXX XXXX of XXXX Wells Fargo Bank and the XXXX XXXX XXXX XXXX conducted a brutally and punishing crusade to foreclose documenting and misrepresenting the Pick-A-Payment Note as my current verified debt pursuant to the Federal Debt Collections Practices Act ( FDCPA ). 

Right to Accurate Account Information : As a consumer, I have both federal and state statutory rights that entitle me to true, current and accurate account information upon demand. Wells Fargo Bank maintains that the untrue, incorrect and outdated Null and VOID, Pass, and XXXX XXXX XXXX Bank XXXX Pick-A-Payment NOTE which has a value equal to {$0.00} XXXX Due, accurately represents the current Debt attached to my XXXX Deed of Trust. 

The act of foreclosing on obsolete, antiquated and extinct loans is illegal debt collecting pursuant to the FDCPA, and fraudulent wrongful foreclosing under the California Homeowners Bill of Rights. Lawfully and timely I disputed and informed both the bank and the trustee of the improper foreclosure documentation. However, rather than correct the foreclosure documentation, both Wells Fargo Bank and the XXXX XXXX XXXX XXXX ignored my requests and demands for accurate account information. 

Traumatizing Unlawful Foreclosure : On XX/XX/XXXX Wells Fargo Bank ordered the XXXX XXXX XXXX XXXX to foreclose despite the existence and protection of a Federal Temporary Restraining Order " TRO '', that restrained and ordered the trustee not to offer my home for sale, and not to foreclose on my home. With knowledge of the XXXX XXXX, both Wells Fargo Bank and the XXXX XXXX XXXX XXXX colluded and ignored the Federal TRO and sold my home to a 3rd Party Buyer. 

I was traumatized and victimized by Wells Fargo Bank and the XXXX XXXX XXXX XXXX During the foreclosure process, their persistent misrepresentations of the Pick-A-Payment Note, and foreclosing on my home protected by a Federal XXXX negligently caused me and my family to endured extreme and outrageous trauma and inflicted mental and physically punishing emotional distress. My family and I suffered the undue and harsh experience of an improperly documented foreclosure. 

Duty to Protect Homeowners and Punish Wells Fargo Bank : Lawmakers and the Courts throughout the USA can not allow property seizures or foreclosures based on backdated, incomplete, obsolete, antiquated or fraudulent documentation, no matter what the circumstances are. Otherwise, no one 's home is safe. 

Both Wells Fargo Bank and the XXXX XXXX XXXX XXXX are Mortgage Industry professional experts who are fully aware of their statutory duty to provide true, accurate, and correct account information. Their consequences for falsely, and fraudulent misrepresenting the untrue, incorrect and outdated Null and VOID, Pass, and XXXX XXXX XXXX Bank XXXX Pick-A-Payment NOTE as the current debt of the homeowner should be, EXTREMELY PUNITIVE. 

Wells Fargo Bank should be ordered to pay {>= $1,000,000} in damages to me and my family ; and fined more than {>= $1,000,000} per each Pick-A-Payment Loan Note that have been documented, assigned and misrepresented by the bank as the debt of other similar homeowners during foreclosure. 


Millions of Potential Minority Victims : Any homeowner who has a, or inherited a Predatory Loan such as the Pick-A-Payment Loan Note, can be a victim of the servicing bank 's fraudulent practice of an improperly documented foreclosure.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation