Consumer complaint received 2022-11-08
Company: PENNYMAC LOAN SERVICES, LLC.
State: MI
Product: Debt collection
Sub-product: I do not know
Issue: Took or threatened to take negative or legal action
Sub-issue: Seized or attempted to seize your property

Complaint:
Letter of Objection to XXXX XXXX XXXX New York for XXXX XXXX where my Note and the Mortgage are purportedly held ; and alleged Servicer PennyMac Loan Servicing, LLC in Non-Judicial Sale States. 



Dear XXXX XXXX XXXX New York : I am in receipt of Notice of Foreclosure sale dated XX/XX/XXXX 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. Nobody can provide me any evidence which relationship has PennyMac Loan Servicing, LLC whom other companies, XXXX XXXX XXXX and XXXX XXXX XXXX XXXX position as servicer for someone whom neither XXXX or anyone who act under this name can identify. Based on XX/XX/XXXX, my alleged loan is in XXXX XXXX XXXX, pooled security XXXX. 



XXXX. 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 XXXX disclosed, as it was inflated considerably by the intentional overstatement of the appraisal on the property. I submitted my TILA rescission Notice on XX/XX/XXXX. 



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. 



Sincerely, XXXX XXXX

Company response to consumer: Closed with explanation