Consumer complaint received 2016-06-25
Company: Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC)
State: MD
Product: Debt collection
Sub-product: Mortgage
Issue: Taking/threatening an illegal action
Sub-issue: Seized/Attempted to seize property

Complaint:
This Notice is a debt dispute, a demand for verification/validation and a request for information regarding my property located XXXX XXXX XXXX XXXX XXXX, XXXX XXXX. XX/XX/XXXX XXXX XXXX XXXX sent a 'Notice '' dated XXXX XXXX, XXXX stating they transferred the servicing to Bayview Loan Servicing LLC . The letter stated that XXXX XXXX XXXX made a claim for payment on the FHA mortgage insurance due to a default of the loan and in connection with that claim, they assigned to FHA and FHA sold the mortgage to Bayview XXXX. ( see attached document titled " Important Message About Your Home '' ) Per a letter from your company dated XXXX XXXX, XXXX titled " Change of Creditor '' document titled " Change of Creditor Notice '' it is claiming [ The identity ( name ), address, and telephone number of the new creditor is : Trustee, in trust for the benefit of the Holders of Bayview Opportunity Master Fund IIIa Remic Trust XXXX Beneficial Interest Certificates, Series XXXX Attn : Corporate Trust Services XXXX XXXX XXXX, XXXX XXXX XXXX XXXX XXXX XXXX. ] According to HUD, Bayview XXXX was the highest bidder for pools of mortgage defaulted loans/nonperforming debts for pennies on the dollar. What is confusing for me is that Bayview XXXX XXXX bought the debt but your letter is claiming otherwise. Please Explain who is who for clarity.On XXXX XXXX, XXXX I received a dunning notice whereas it was title " Mortgage Statement '' demanding {$100000.00}, but the dunning letter does not mention anywhere that " This is an attempt to collect a debt '' therefore, I am assuming you are sending the notice as a " Creditor '' and not a " Debt Collector ''. Please explain if this debt was bought in default. Please explain if I XXXX XXXX applied for credit with your company or any of your affiliates at any time, and provide that information in your response letter. ( Please see attachment titled " Mortgage Statement '' ) 1. Can you please identify if you are the " Creditor '' or a " Debt Collector ''? 
2. Did Bayview XXXX XXXX buy this debt while in Default from FHA? 
3. Will Bayview XXXX XXXX or Bayview Loan Servicing LLC be considered the '' Secured Party ''? If not who is? ( See attachment titled " The following is important information about your mortgage loan [ line # XXXX ] ) 4. What date was the alleged defaulted mortgage loan actually bought by Bayview XXXX XXXX from FHA? 
5. Was the debt bought at a certain rate or for the full face value on the " Deed of Trust ''? For example, .XXXX cent on the dollar or {$230000.00} ... ... 
6. Were there any terms or agreements from FHA when they sold the debt that they referred to debt as " As Is '' with no guaranties or warranties? Was there a 6 month criteria that had to be met in order for the transaction to continue to qualify regarding the FHAinsurance claim pay out? 
7. Was the debt sold to Bayview XXXX XXXX in a defaulted mortgage loan pool? Please explain. As noted Bayview XXXX XXXX was the highest bidder for pools of mortgage debt sold by FHA was the above " Property '' included in a sale and was the original " Note '' indorsed when transferred? According to HUD they granted limited power of attorney to the purchaser to execute endorsements and assignments? Please provide a copy of both the indorsed Note and Assignment to include all applicable signatures. Per the Debt Validation letter dated XXXX XXXX, XXXX to the Office of Commissioner of Financial Regulation you verified the debt with XXXX unendorsed Note and XXXX endorsed note neither of them had an endorsement bearing any stamps or signatures from the transaction that took place between Bayview XXXX XXXX and HUD the letter also stated the " Bayview Loan Servicing acquired the servicing of the loan on XXXX XXXX with a due date of XXXX XXXX, XXXX.

Company response to consumer: Closed with explanation