Consumer complaint received 2017-10-06
Company: Quality Loan Service Corporation
State: CA
Product: Mortgage
Sub-product: Conventional home mortgage
Issue: Closing on a mortgage

Complaint:
Dear Trustee : I am in receipt of XXXX XXXX XXXX XXXX, Trustee sale Notice letter dated XXXX.2017. I hereby object to the Notice and request that you send a copy of this letter to your insurance carrier and all other interested parties as described herein for the following reasons : 1. There is no delinquency or default. The Lender has been paid in full plus a fee for standing in for an undisclosed third party lender that was not properly registered or regulated as a financial institution or lender at the time the transaction took place. 2. The Lender has failed to state the name or address of the holder in due course, XXXX XXXX XXXX, being the holders of certificates of asset backed securities, which are backed by the security instrument ( mortgage ) on the subject residential property. 3. The Lender does not own, possess or control the note or the mortgage, which has been satisfied in full. Demand is herewith made for satisfaction of mortgage to be filed in the appropriate county records. 4. Your authority as Trustee has also been transferred to the Trustee of the pooled mortgages and/or notes on various properties, real and personal, that were included in an asset pooled that was eventually securitized and sold to investors, who along with others in the chain of securitization acquired rights and obligations to the note, mortgage, and stream of revenue eventually due to the investor. 5. Because of the known presence of necessary and indispensable parties to any dispute that the true holders in due course might have against me, only a judicial proceeding in which all parties are included will provide a fair determination of the rights, obligation and title to the property, mortgage and note. 6. The loan closing was in fact a scheme to trick me into issuing a negotiable instrument that was pre-sold to investors as an unregulated security. The parties and their fees were not revealed nor was the true APR disclosed, as it was inflated considerably by the intentional overstatement of the appraisal on the property. 7. The title agent, which might well be the same as the Trustee also has insurance for errors and omissions and the title insurance company that issued the policy will have total liability for this fraudulent transaction to the extent it had knowledge through its agents of the fraudulent scheme. The totality of the transaction violates numerous state and federal laws including usury, Truth in Lending, deceptive business practices, and administrative standards for the practice of professions. Therefore, please confirm the filing and recording of the satisfaction of mortgage, send the original note back to me ( or tell me where it is ), and confirm the retraction of the attempt to collect a debt which is incorrectly stated, improperly computed, improperly obtained, and fraudulently produced and transmitted.. P.S. dont forget to let them know I complained many times it was forged of my name in hand writing and non-disclosure on the second closing ... had no 1-4 rider controling documents to the instrument undisclosed as well as the forensic audit i sent you showing incomplete documents as well as thousands of percent higher evaluation and usury interest rate. thank you for you Business..Your Defaulted Bill is Waiting for you to Pay Now., Principle to Agent, Agent to Principle .... Sincerely XXXX XXXX & Trust NEED TO SEND A XXXX to me you did n't XXXX me ...

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation