Consumer complaint received 2021-12-31
Company: WELLS FARGO & COMPANY
State: GA
Product: Mortgage
Sub-product: VA mortgage
Issue: Struggling to pay mortgage

Complaint:
Wells Fargo Bank ( Wells ) did on XX/XX/XXXX, illegally foreclosed on my property at XXXX XXXX XXXX XXXX XXXX XXXX, as they did submit fraudulent documents to XXXX XXXX Register of Deeds in the form of Notice of Default, Trustee and Assignment Deed of Trust that presented the bank as the " Holder in due Course '' when in fact they were not. Wells did not and could not purchase the loan debt that stopped existing when XXXX XXXX XXXX  ( XXXX ) was declared a " failed bank '' by the FDIC on XX/XX/XXXX. 

Wells tricked XXXX XXXX by not informing them that XXXX purchased the loan on XX/XX/XXXX from the originator of the loan in XXXX XXXX XXXX  ( XXXX ) who had failed to record the Deed of Trust when having ownership of the loan debt, but did illegally delivered and have recorded the Deed of Trust on XX/XX/XXXX, which was outside the authority when they could record. What Wells did is to be able to avoid the county of knowing of the sell on XX/XX/XXXX, and would have prompted the question of the date of the initial recording outside of ownership and why no assignment from XXXX to XXXX was being recorded. 

Because the county does not require a copy of the Note it was not informed of the two endorsements, with one from XXXX to XXXX on XX/XX/XXXX, and the other in the blank endorsement when XXXX attached the loan to it's XXXX XXXX XXXX on XX/XX/XXXX. Wells took advantage of the county ability to know of the sell endorsement and the XXXX XXXX endorsement that Wells has to do on the millions of XXXX XXXX pooled loans they have attached to their VA & FHA loans. 

It is Wells business to know the titling requirements to protect XXXX as these loans are require to be separated from other loans. Because there was no Assignment of Deed of Trust that XXXX submitted. XXXX was able to defraud me and falsely insert itself as the holder in due course when it is impossible for them to do so on any loan that they are servicing for another lender as XXXX XXXX is the owner of the Note. 

During the Independent Foreclosure Review Board ( IFR ) I submitted to the reviewer that Wells was not my lender and that I had not received a VA HAMP modification and Wells was made to paid {$6000.00} penalty in XXXX XXXX. However as with the XXXX bankruptcy protected illegally foreclosed borrowers that did not received VA HAMP, FHA HAMP & HAMP modifications there was VA XXXX XXXX that protected Dept of VA borrowers. 

Wells illegally foreclosed acting as if they purchased my loan on XX/XX/XXXX or XX/XX/XXXX depending on which document of the three submitted to XXXX XXXX on XX/XX/XXXX that made it appear XXXX purchased the loan when in fact they knew XXXX purchased the loan on XX/XX/XXXX and the Deed of Trust was recorded XX/XX/XXXX, as they possess the loan file. One who is not the owner of the loan can not place a lien against the property as the Assignment did, and at no time could Wells purchase the debt because as XXXX XXXX was and is still the owner of the Note because it is never authorized to buy or sell a mortgage loan it can not and did not sell the loan to Wells. 

Wells claims that after the foreclosure that it purchased from XXXX XXXX on XX/XX/XXXX, the loan in a buyback deal, however, US Congress does not allow any sells by the agency, and whats the foreclosure proceeds are doing is being diverted to XXXX to pay back the debt of XXXX in the funds XXXX took out against securities by way of cash draws. We got a debt that not the borrowers but that of XXXX, which is being hidden by an illegal nonjudicial foreclosure as if XXXX was still alive with the ability through XXXX of active members where there is not a broken link in ownership. First the titling is not started through the local register correctly and is not transferred correctly. XXXX because it did not originate the loan must have presented to the court under XXXX proof of ownership in order to call the debt due, and as XXXX did not do so because the stop existing, Wells also could not product proof of ownership and does not have any proof of ownership as they could not purchase the debt. Wells acting a a collection agency said it does not have to present proof of ownership as in a wire or cancel check but claims an amount due! What was the value paid would be what is due. Wells wants one to believe that on XX/XX/XXXX, are purchasing a loan after its been foreclosed and no recourse clause against the borrower! 

Just ad in the recent Delaware decision on Trust, in this case there was no Trustand like with the XXXX XXXX XXXX XXXX XXXX XXXX that handled by XXXX XXXX XXXX which they lost because there was no proof of ownership to foreclose!

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