Consumer complaint received 2016-05-20
Company: Reverse Mortgage Solutions, Inc.
State: MD
Product: Mortgage
Sub-product: Reverse mortgage
Issue: Loan servicing, payments, escrow account

Complaint:
SEE MY PREVIOUS COMPLAINT re : Reverse Mortgage Solutions ( RMS ) of XXXX TX ( Reverse Mortgage Solutions - XXXX XXXX XXXX XXXX XXXX XXXX ) ILLEGAL ROBO-SIGNING OF MORTGAGE " ASSIGNMENTS OF DEEDS '', etc. 

Briefly, my elderly, XXXX, XXXX father got a reverse mortgage from XXXX Mortgage ( now dba Reverse Mortgage Answers ) of XXXX on XXXX XXXX, XXXX. 

His mortgage was shrouded with fraud from day XXXX when ( per an undated Underwriting Conversation Log ) even before he got that reverse mortgage an appraiser concealed from the underwriter the presence of a highly-visible, income-producing commercial cell tower XXXX XXXX permit records confirm was built in XXXX. Because of actions by both XXXX Mortgage personnel and its appraiser XXXX XXXX, the underwriter approved a reverse mortgage that illegally encumbered his XXXX farm included that commercial cell tower. 

After all, FHA underwriting guidelines for reverse mortgages ( and also those of RMS ) strictly prohibit reverse mortgages on income-producing properties. That highly-visible, income-producing commercial cell tower that XXXX built two years before my father got that reverse mortgage made my father 's property ineligible for a reverse mortgage as is. XXXX Mortgage ( now dba Reverse Mortgage Answers XXXX ) should have hired a surveyor and surveyed out that excess land including that cell tower. It did n't. That made this a fraudulent mortgage. 

That fraud also involved Reverse Mortgage Solutions ( RMS ). Although their guidelines also prohibit reverse mortgages on income-producing properties, their appraiser XXXX XXXX continued the fraudulent masquerade by not mentioning that cell tower or its income in his appraisal. That 's strange, since he included a photo of that cell tower in his appraisal report which I received from RMS official XXXX XXXX. ( See side-view color photo on page XXXX of his appraisal report. ) NOW ABOUT ALL THAT ROBO-SIGNING : Less than one month later after my father got his reverse mortgage, there began a series of " Assignment of Deed '', etc., in which ownership of his reverse mortgage was transferred from XXXX Mortgage to XXXX Mortgage, from XXXX Mortgage XXXX XXXX XXXX XXXX, and then from XXXX XXXX XXXX to Reverse Mortgage Solutions ( RMS ). 

Problem is, ALL three assignments of deeds were shrouded in ROBO-SIGNING. Signatures included those of the notorious XXXX XXXX of " XXXX Minutes '' fame who was the # XXXX robo-signer in the country. And XXXX XXXX XXXX XXXX address was that of XXXX XXXX Bank office. 

XXXX XXXX XXXX of the Office of the Commissioner of Financial Regulation for the State XXXX told me that she contacted RMS and asked them to halt foreclosure efforts. XXXX decided not to honor her request. 

Today is Friday, XXXX XXXX, XXXX. Yesterday afternoon I received in the mail a simple white non-descript # XXXX envelope from XXXX ' attorneys XXXX XXXX XXXX XXXX that contained a one-page notice of a pending foreclosure sale. The notice was dated XXXX XXXX, XXXX. The sale is scheduled for XXXX XXXX, XXXX. That 's less than a two-week notice. 

Robo-signing is illegal. Plus, it 's also the root of numerous lawsuits. Just check out XXXX v. XXXX XXXX XXXX. Also check out XXXX XXXX XXXX XXXX XXXX XXXX. There is a problem anytime folks can break the law and steal property from penniless victims.

Company response to consumer: Closed with explanation