Consumer complaint received 2023-05-17
Company: WELLS FARGO & COMPANY
State: GA
Product: Mortgage
Sub-product: VA mortgage
Issue: Trouble during payment process

Complaint:
XXXX XXXXXXXX XXXX ( XXXX ) originated my Dept of VA loan on XX/XX/XXXX and failed to deliver and record the Deed of Trust ( DOT ) before it sold my loan to XXXX XXXX XXXX ( XXXX ) on XX/XX/XXXX. XXXX failed to follow the requirements of the correspondent agreement that required that a DOT be recorded and the Assignment of DOT be recorded at XXXX XXXX XXXX of Deeds. So on XX/XX/XXXX, XXXX submitted and had accepted my loan into their XXXX XXXX XXXX without having title recorded which made the loan disqualified for the XXXX XXXX as all loans accepted into a XXXX XXXX must have title recorded. XXXX had used the required UCC3 procedure in endorsing the mortgage loan Note in blank as does ever loan pooled must have done giving XXXX ownership of the Note, but not the debt which XXXX can not purchase per US Congress that prevents XXXX from buying or selling a mortgage loan. XXXX to cover up their error did on XX/XX/XXXX have record the DOT while not having any financial interest in the loan, making it an illegal claim of a debt owed to them when in fact they been paid off in full on XX/XX/XXXX. XXXX on XX/XX/XXXX, write a Limit Power of Attorney ( POA ) to address the failure to provide XXXX with the required documents, which was written by XXXX XXXX XXXX XXXX. Wells took over servicing my loan on XX/XX/XXXX which they became in possession of my complete file through the purchasing of mortgage servicing rights of XXXX XXXX Fed Gov Back loans. Starting around the country on or about XX/XX/XXXX, XXXX started assigning the DOT to XXXX XXXX Fed Gov mortgage back loan to Wells which rapped up around XX/XX/XXXX. Now my loan was not assigned at that time but while Wells was servicing my loan XXXX did have recorded the POA on XX/XX/XXXX, which of the only 4 loans originated by XXXX in XXXX XXXX my loan was the only loan that did not have an Assignment of DOT recorded. XXXX was declared a " failed bank '' on XX/XX/XXXX, and stopped existing. XXXX not existing did not file for bankruptcy and never called my loan due as it was not in default and did not have an Assignment of DOT, leaving no other entity with a financial interest in the loan originated on XX/XX/XXXX. Wells sent this issue to an outside attorney as if XXXX owned the debt which they did not, and the law firm in XXXX & XXXX who's employee Attorney XXXX XXXX moonlighting as XXXX  Assistant Secretary fraudulently created the Assignment of DOT XX/XX/XXXX granting Wells with a lien against my property as it they purchased a debt that ended on XX/XX/XXXX! Wells would act as if they were the lender with the Notice of Default and Assignment of DOT and was not until a week or so before the foreclosure admit they were not the lender and said an investor was the owner of the debt. A year after the foreclosure Wells writes that XXXX was the investor, which investor in non-judicial terms is the owner of the debt. XXXX never held a debt from me. With the Wells 's fraudulent actions it prevent action by me to solve this issue as with a modification or bankruptcy because Wells was not honest about the situation and is why they did not process my file for the HAMP or VA HAMP because there was no counterparty in this matter. The Dept of VA was also victimized because it used federal dollars to purchase my property from a party they did not own any debt as in XXXX, and it in return sold they stolen goods to another party! As with the CFPB XX/XX/XXXX, fine for issue that happen back in XXXX, this fraud against me and the Federal Government does not have a statute of limitations!

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