Consumer complaint received 2018-08-04
Company: RUSHMORE LOAN MANAGEMENT SERVICES LLC
State: NC
Product: Debt collection
Sub-product: I do not know
Issue: Attempts to collect debt not owed
Sub-issue: Debt was paid

Complaint:
XXXX XXXX XXXX XXXX, based on the letter ( attached ), stating that they are the trustee for the Trust that owns the mortgage and note on my property. I have taken the initiative to request answers under a microscope. I have discovered ( referencing my property XXXX XXXX XXXX, XXXX, PA XXXX ) that there was not ever a loan because the money advanced by investors was subject to a set of documents supporting a bond in which I was not the payor and where I never signed. I was subjected to a set of documents that failed to disclose the real party or the real terms of the entire transaction aka- a black letter requirement of the truth in lending laws. The real purpose of this transaction was an investment scheme wherein the intermediaries took everything-the money & properties. Without my consent, I was converted from a borrower to a securities issuer and your investors were converted from being a part owner in a valid REMIC pool to being the alleged buyer of the security issued by my signature. The right of rescission and damages arouse not only from TILA but from the SEC rules and regulations. Moreover, while researching I just realized that I actually entered into an undisclosed investment contract, NOT a loan. XXXX XXXX XXXX XXXX and all banks affiliated securitization was and is an investment contract. I pray that the Pennsylvania Office of Attorney General request you ( XXXX XXXX XXXX XXXX, Rushmore Loan Mgt., and XXXX XXXX XXXX XXXX  ) to produce a real copy of the XXXX form which was filed with the IRS , and the XXXX including the XXXX. These documents will prove that I am the creator. The profits made from the investment mortgage note, belongs to me. The Lender only lent their name to the mortgage loan transaction. The lender NEVER lent me the funds. It was an undisclosed third party who in fact provided the funds for me. Simply, I was tricked into thinking I was the borrower of a loan, when in fact I was a seller of a mortgage note into an investment Trust. The Investment trust never had a right to the mortgage Note. 

RUSHMORE, Please Note My Request For Detailed Information : I am requesting from Rushmore | " VP '' XXXX XXXX to forward copies ( via CFPB portal ) of the originators Power of Attorney and the chain of ALL mortgage assignments recorded and for the sake of XXXX XXXX with Rushmore unrecorded assignments. Secondly, I am requesting copies of the Power of Attorney on file representing ALL mortgage assignments from the original originator. Thirdly, I am requesting information of who originated my mortgage? Fourth, please help me understand based on the letter attached from XXXX XXXX, why isnt XXXX XXXX XXXX, XXXX affiliated with XXXX XXXX in any way but authorized to make decisions and take actions of foreclosure? In conclusion, please supply a properly dated trail of  assignments to show that the originators legal right to collect and foreclose on my property has been passed from one organization to the next, to the current mortgage servicer who you state IS XXXX XXXX XXXX, XXXX.? I look forward to RUSHMORE response ( via CFPB portal ) without delay. 

Lastly, why did XXXX XXXX XXXX XXXX transferred and recorded a mortgage assignment using Rushmore Loan Servicing Loan Number? ( See Attachments ) In addition, XXXX XXXX XXXX XXXX did not utilize a Power of Attorney when conducting a real estate transaction. The XXXX XXXX XXXX XXXX XXXX indenture expired. 

Rushmore states that I surrendered property in Bankruptcy, Please note my case was dismissed.

Company response to consumer: Closed with explanation