Consumer complaint received 2022-06-27
Company: WELLS FARGO & COMPANY
State: GA
Product: Mortgage
Sub-product: VA mortgage
Issue: Trouble during payment process

Complaint:
With the Assignment of Deed of Trust to my property at XXXX XXXX XXXX XXXX XXXX which was signed on XX/XX/XXXX, Wells Wells Fargo Bank stated that it paid value for my Mortgage loan and recorded the assignment ( lien ) as they purchased the debt. Wells will not provide any proof of an amount paid as they did not purchase my loan debt. 

Wells is not listed on the Mortgage Note as the lender and was not endorsed the Mortgage Note. Wells has admitted to not purchasing anything until XX/XX/XXXX, which is 11 days after the foreclosure which on XX/XX/XXXX it became in control of the loan they purchased from XXXX XXXX who I did not owe a debt too, as XXXX XXXX is prohibited from buying or selling any Mortgage loans or selling them. 

What Wells is talking about is purchasing the loan that XXXX  XXXX XXXX  ( XXXX ) had taking out against their XXXX XXXX XXXX that they received from the investor of the securities. The debt can not be transferred from XXXX  XXXX to another after the loan was attached to their XXXX XXXX on XX/XX/XXXX, once it transferred the blank endorsed Mortgage Note it relinquished to XXXX and later on XX/XX/XXXX, became the XXXX of records for the Mortgage Note which does not entitle them to be assigned a lien as they are not the holder of the Mortgage loan debt, that stop existing when XXXX could not longer complete the Mortgage contract. 

Wells does not present proof of purchase because there is no proof Wells purchased my Mortgage loan at anytime! 

XXXX can not assign the title to Wells who is not the owner of the debt, and a valid transfer of title would be from XXXX XXXX XXXX  ( XXXX ) to XXXX and end there as XXXX did not sale the Mortgage loan to XXXX XXXX who been in possession of the Mortgage Note since XX/XX/XXXX when the loan was accepted into the XXXX XXXX XXXX! 

The ability for XXXX to assign a title in it system is only between its lender members and after XX/XX/XXXX, XXXX is no longer a member of XXXX  as it is a " failed bank '' determined by the FDIC. Wells had forged the Assignment of Deed of Trust by XXXX & XXXX attorney as if XXXX was never involved in the transaction and that from XXXX through XXXX to XXXX but XXXX can not work for XXXX who sold the loan on XX/XX/XXXX and can not work for XXXX that stopped existing on XX/XX/XXXX. XXXX who does not have a financial interest in the loan has no ability to transfer from a non-active member in XXXX to XXXX. XXXX did a work around to not show proof of ownership as per UCC9 to the court as XXXX is not allowed under the State of XXXX XXXXo used the XXXX XXXX system because they have never received under XXXX XXXX XXXX certificate of authority. XXXX and XXXX violated XXXX XXXX XXXX! 

XXXX gaining control of a loan that XXXX made from investors post my loan closing has nothing to do with me, and is dealt with only after the property been foreclosed and the fact that the Mortgage loan is a non-recourse loan so after XX/XX/XXXX, if there was a additional debt it could not be collected as the foreclosure proceeds and VA Guaranty Fund proceeds are all that could be collected. The financial account of my account don't show amount going to pay off my alleged debt it only shows monies being received into the account! 

Wells must provide proof of payment to back up statement from recording Assignment of Deed of Trust on XX/XX/XXXX, stating " they '' paid value. This is not about some tale of them working for XXXX as an investor, and XXXX not an investor that owed a debt by me. Where is the contract that I owe a debt to XXXX or XXXX and where is the wire or cancel check?

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