Consumer complaint received 2020-08-04
Company: WELLS FARGO & COMPANY
State: MI
Product: Debt collection
Sub-product: Mortgage debt
Issue: Took or threatened to take negative or legal action
Sub-issue: Seized or attempted to seize your property

Complaint:
Wells Fargo Home Mortgage, XXXX XXXX XXXX XXXX XXXX Iowa signed my mortgage note as " Pay to the Order of Wells Fargo Home Mortgage '' after or soon after I signed the Mortgage note on XX/XX/XXXX without my knowledge, disclosure to me or preauthorization to me, Giving Wells Fargo Home Mortgage a letter of Credit with my signature. Wells Fargo Home Mortgage has presumed I have gifted Wells Fargo Home Mortgage all of my rights away in consideration of Wells Fargo Home Mortgages promissory note created by my energy and my credit to them. 

Misrepresentation : Wells Fargo Home Mortgage lack of disclosure and violations in Truth in Lending Act 1. Wells Fargo Home Mortage did not confirm that I was accessing my own credit, which actually derives from me. Wells Fargo Home Mortgage is simply keeping a record of my payments and that's all they are instructed to do. Wells Fargo Home Mortgage is an investment company and invests all mortgage payments by customers. Wells Fargo Home Mortgage Foreclosed on the subject property when I was applying for a modification. I confronted Wells Fargo Home Mortgage in written form that I was the creditor and Wells Fargo Home Mortgage was the Borrower and they were accessing my credit to make a falsified contract obligation. As soon as I faxed this document to Wells Fargo Home Mortgage, Wells Fargo Home Mortgage started foreclosure proceedings with a 3rd Party Debt collector attorney in Michigan Named : XXXX XXXX XXXX in XXXX XXXX Michigan. Foreclosure date XX/XX/XXXX and deferred until XX/XX/XXXX. 

2. Wells Fargo Home Mortgage did not disclose, inform or notify me in any way that I was accessing my own credit that actually derives from me and Wells Fargo Home Mortgage is only keeping a record of it.

3. Wells Fargo did not disclose that they would keep the note when I repay the note/loan.

4. Wells Fargo Home Mortgage did not state that they would sell the note. Which they did sell at least one time several days or weeks after I applied my signature to the note. 
XXXX. Wells Fargo Home Mortgage did not state that once they sold the note they were going to apply the funds to the loan and that they were going to keep the funds themselves, thereby enjoying unjust enrichment.

6. Wells Fargo Home Mortgage did not state that they were going to insure the note, thereby creating a conflict of interest whereupon it is in their best interests that I do not pay.

7. Wells Fargo Home Mortgage did not state by depositing the note that I was providing them with an implied Power of Attorney and doing things on my behalf without my knowledge, or consent by my signature. 

8. Wells Fargo Home Mortgage did not disclose that they would benefit from XXXX, using my property for profit and gain. 
9. Photocopies are being used for an alleged obligation or a liability. Wells Fargo Home Mortgage did not disclose the number of photocopies on hand. Wells Fargo Home Mortgage never produced the original Note of Obligations with Wet Ink Signature upon numerous times requiring Original Note of Obligation. Wells Fargo Home Mortgage ignored my numerous requests for Original Wet Ink Signature Obligation. 
10. Wells Fargo Home Mortgage failed and refused to provide me proof of claim of an Obligation of indebtedness to them when I asked them to provide it per the Qualified Written Request Dated XX/XX/XXXX. 
11. Wells Fargo Home Mortgage proceeded to provide me with an obligation of interest to another customer 's alleged debt with the account number, address of the alleged property, and name of the customer who was requesting the same proof of claim as me. Why was WFHM sending me this information, account number, and address of another customer requesting the same information, proof of claim, to me? 
12. Wells Fargo Home Mortgage made unauthorized withdrawals from my checking account without my permission, signature, and entitlement. 

Wells Fargo Home Mortgage employees, CEOs and their Trustees have and are committing Bank Fraud : 1. Misrepresentation 2. Inducement 3. Concealment 4 Theft 5. Extortion/Menaces/Duress Exponential Violations of the " Truth in Lending Act. ''

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