Consumer complaint received 2022-07-13
Company: WELLS FARGO & COMPANY
State: IL
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:
XXXX and Complaint against XXXX XXXX  ( XXXX ) as alleged Trustee for XXXX  XXXX  XXXX ( XXXX XXXX XXXX Mortgage Products , XXXX XXXX and XXXX XXXX as a Settor and Master Servicer ( subject to RESPA ) of this XXXX, alleged purchaser of alleged mortgage loans from XXXX XXXX  and XXXX  ; and the Plaintiff in case XXXX, XXXX XXXX  as Trustee for XXXX XXXX XXXX XXXX which resulted in illegal seizure of my property and numerous fraudulent transfers of property Title to XXXX as representative to XXXX XXXX XXXX and from XXXX  to new property buyer XXXX 
Now both XXXX XXXX  and XXXX XXXX deny any relationship to any of these transactions, including case XXXX, receipt of the Deed to my property ; sale of my property in XX/XX/XXXX ; receipt of {$130000.00} and the Corporate Deed from XXXX  as Trustee, under authority of XXXX XXXX Board of Directors to the new buyer XXXX He, which are flagrant lies to Federal authorities since under XXXX  rating reports between XXXX XX/XX/XXXX XXXX  XXXX XXXX is apparently very active and operated by Trustee XXXX XXXX  under authority of XXXX XXXX and submits various reports , statements and other information about this Trusts financial affairs to XXXX and other rating services. 
From XXXX report on XX/XX/XXXX : Issuer : XXXX XXXX XXXX Cl. XXXX, Downgraded to XXXX ( sf ) ; previously on XX/XX/XXXX Upgraded to XXXX ( sf ). Today 's rating action reflects an adjustment to our cash flow analysis based on the trustee 's updated interpretation of the XXXX and XXXX XXXX ( XXXX ) for the transaction. XXXX XXXX had originally modeled this transaction to reflect our interpretation that the XXXX calls for pro rata allocation of aggregate principal distributions among all XXXX XXXX certificates based upon each of their principal balances. In XX/XX/XXXX, however, we upgraded the rating of this tranche because trustee XXXX Bank was allocating payment to the Class A certificates based on the Class A Principal Allocation Percentage. 
According to XXXX XXXX XXXX, established and operated by XXXX XXXXXXXX XXXX  XXXX XXXX XXXX XXXX XXXX XXXX XXXX and former XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Bank XXXX XXXX reports and financial statements on MONTHLY basis about performance of XXXX XXXX XXXX XXXX XXXX, posted as recently as XX/XX/XXXX, and these reports are published for Investors who rely on information contained in these reports. 

XXXX Bank and XXXX XXXX must explain to me and to CFPB why they claim no relationship to my fraudulent where XXXX XXXX XXXX XXXX XXXX XXXX where XXXX XXXX Bank, XXXX. hired lawyers from XXXX XXXX XXXX XXXX firm to file foreclosure case XXXX, XXXX Bank as Trustee for XXXX XXXX vs. XXXX to confiscate my property and resell it fro {$130000.00} profits as " repayment of my debt '' - if ALL actions are taken under names and authority of XXXX and XXXX XXXX and these {$130000.00} must be reported in XXXX as Trustee and distributed to investors, about which XXXX must make a report when they submit Trust XXXX records to XXXX and XXXX for rating.. 
And XXXX XXXX and XXXX XXXX do not have relationship to this fraudulent foreclosure and did not seized my property with forged documents and sold it to third parties then they must explain who did it. 

I many times contacted XXXX Bank and Wells Fargo, alleged XXXX for explanations and proof of ownership of my alleed " obligation '' between XXXX to present time. And during all time in question XXXX never told me that neither XXXX or XXXX  have no relationship to my foreclosure. To the contrary, they actively promoted this myth and deception that XXXX is in fact a Trustee and XXXX  XXXX is in fact the Plaintiff, just like they promote this lie to rating agencies and investors. 
XXXX and XXXX must provide me names of each natural person, their position with the Companies and with his/her contact information who prepared and filed responses with CFPB to my Complaint, so I can contact these individuals directly. 
XXXX and XXXX must identify each natural person who is responsible for the accounting and administration of my alleged loan with XXXX Investment and Loan purportedly purchased by XXXX XXXX and pooled in Trust XXXX XXXX. 
With respect to assertions, allegations and arguments presented in the case XXXX, relating to the existence of an unpaid loan account in which the underlying obligation is owned by a trust entity or any agent of a trust entity including but not limited to any named trustee, please produce at trial any and all documents comprising a trust agreement, amendments and restatements thereof, or relied upon as evidence of a trust agreement, including but not limited to the following elements of all legally existing trust entities : a. Identification of the XXXX, i.e., name of the trust and identification of the jurisdiction under which the alleged trust was organized or created. 
b. Identification of XXXX or XXXX XXXX description or identification of the property subject to the terms of the alleged trust e.g., loans owned by the trust for the benefit of the beneficiaries XXXX description of the terms of administration of the trust for the beneficiaries XXXX identification of the beneficial interest XXXX XXXX of the beneficiaries I want to emphasize that I am not looking for Pooling and Servicing Agreement, I have a copy of it. The XXXX is a forward-looking document that is ( a ) incomplete and has absolutely no evidence of any pooled mortgages and ( b ) not signed. It contains no warranties of title nor any recital of a current or prior conveyance. It is about things that might happen in the future unless circumstances change or the XXXX is amended, which is frequently the case. 
I am looking for the The Trust agreement for XXXX XXXX, which a statement of present intent creating a legally organized trust under the laws of some specified jurisdiction. The XXXX states that is governed under the law of the state of New York. That is only because they want to pass it off as the trust agreement. 
State laws vary on the essential elements for creating a legally recognized trust as a business entity. But all states agree that there is nothing to talk about if the subject has not been conveyed to the trustee to hold in trust and Administer pursuant to the terms of the trust agreement. 

In all states, if that conveyance has not been completed, there is no claim that can be made by the trustee or the trust. That create the next question in the weeds. 

What needs to be conveyed? And that WAS conveyed to XXXX XXXX. 

Both case law and statutory law say that the conveyance must be of the loan which means that it must include, without exception in any jurisdiction, conveyance of the underlying obligation that is alleged to exist and it means it must be created an account receivable for each loan, which show not only disbursement of funds used to PURCHASE my alleged loan from XXXX, but also deposits made from my payments ; deposit made after sale of my property for {$130000.00} and distributions to investors. 

Here is nothing in XXXX trust XXXX XXXX documents that has ever received ownership of any underlying obligation or which has ever received a penny from its claimed ownership. That is because they dont own the underlying obligation and the reason they dont own the underlying obligation is that there is no underlying obligation. 

That is why a third-party company is designated as a servicer. It is a veil behind which the fact that the named claimant. XXXX. XXXX as Trustee for XXXX XXXX, hides the fact that there are no disbursements to any creditor, much less the XXXX trustee XXXX the XXXX Trust. 

As I recently learned, In securitization, the underlying and intended obligation is replaced by a virtual obligation to which I never agreed to pay. In other words, instead of actual loan from XXXX I received information about a bundle of securitization rounds initiated by undisclosed to me XXXX Bank with the prior owner, XXXX XXXX, who was actually paid for her services as an Issuer of initial security which was used as a base for the original scheme. Neither I or property Seller XXXX XXXX never received any money labeled as loans. We both received information about the payment made to XXXX which was extinquished in the initial securitization scheme, This is what enables securities brokerage companies to generate revenue geometrically larger than any initially reported transaction with the homeowner ( here XXXX ). The report is sufficient to convince me and XXXX XXXX that money has been paid on our behalf even though in our closings no money exchanges hands at all.. 
I was deceived that money is owed and the money paid represents what I owed to XXXX who was merely a window dressing for undisclosed investment bank. It never occurred to me until recently, specially after XXXX and XXXX both deny its involvement in such obvious situation where EACH document bear their names and authority, that I never received a loan and that that I were missing a lender, an unpaid loan account receivable on the books of some creditor, and that I have performed an extremely valuable service on behalf of a securities brokerage firm that I never knew was involved.

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