Consumer complaint received 2019-06-23
Product: Mortgage — VA mortgage
Issue: Applying for a mortgage or refinancing an existing mortgage — 
Company: Village Capital & Investment LLC (MI)

Please find this Complaint against Village Capital & Investment ( " VCI '' ) scam with XXXX XXXX XXXX ; identity theft and other deceptive practices. 

On XX/XX/XXXX I signed a VA loan with XXXX XXXX , XXXX claimed to be a " Lender '' and who was also an original Servicer. This loan was a deception from the beginning since XXXX failed to follow applicable laws and disclose me mandatory information about their Affiliated Businesses, as required by TILA, RESPA and SEC ; as well as the full compensation received for this loan. According to XXXX, the total amount of payments to the lender from my $ XXXX loan would be nearly $ XXXX after 30 years of payments, including principal and interest. In fact, the REAL amount received by the REAL party who was hiding behind this loan, likely XXXX XXXX investment bank, was about 20 times more, likely XXXX XXXX, which was coming from unauthorized and undisclosed trades on my name, signature and reputation on the open market, without my consent plus sales of my identity to predatory lenders like VCI who are also a part of this scam. VCI duty is to lure borrowers into predatory loans ; push them in default and fraudulently foreclose for the sole benefit of the Investment Bank ( XXXX XXXX, for example ), though a chain of sham conduits like XXXX ; XXXX XXXX XXXX ; VCI ; XXXX XXXX XXXX and many other corporations whose sole responsibility is to put borrowers under hardships to steal their properties - while investment bank makes millions from trades plus profits from stolen borrowers ' identities. 

On XX/XX/XXXX XXXX transferred my loan to a new " Servicer '' - XXXX XXXX XXXX, a part of XXXX XXXX who now operate at least three known to me enterprises - XXXX, XXXX   and XXXX. 

As soon as XXXX became the Servicer my mailbox was full of junk unsolicited offers from various predatory lenders who offered me a refinancing without income verification and with substantial cashouts. The most annoying were VCI and XXXX XXXX. 

During XXXX XXXX I received solicitations for refinancing of my property located in the State of Michigan from Village Capital & Investment ( " VCI '' ), a Nevada Corporation whose place of business is XXXX , NV XXXX. 

VCI sent me unsolicited offers to refinance my VA loan with your Company, under predatory terms, without minimum credit score ; without Appraisals, re-qualifications, no income verification, no costs, plus a substantial ( up to {$19000.00} ) cash out. A copy of the Offer is enclosed. 

These offers came from Mr. XXXX XXXX, XXXX XXXX XXXX XXXX XXXX XXXX XXXX, XXXX XXXX, NJ XXXX, who failed to disclose that 5 years fixed loan with the attractive 3.25 % rate ( or 4.39APR ) will increase after loan consummation ; without disclosing that is included in the payment ; and without disclosing the name of the source where VCI got my information. 

Moreover, it appears that VCI used a fake business license under which they operated in Michigan when Mr. XXXX solicited me to refinance with his Company. 

According to the Offer, VCI was licensed in the State of Michigan under 1st Mortgagee Broker/Lender License # XXXX. 

According to MI DIFS, your Company 's license is XXXX and it was registered in Michigan on XX/XX/XXXX, or shortly after I filed my Complaint with CA Attorney General on XX/XX/XXXX against another predatory lender, XXXX XXXX XXXX, who sent me identical offers to refinance my loan. 

Worth to mention, XXXX XXXX was sued by the State of Washington on XX/XX/XXXX for defrauding customers, see the link to this case where XXXX XXXX was fined for distributing false, misleading and deceptive information, similar to yours. 

I have a reason to believe that I am a victim of massive fraud ; identity theft ; theft of the loan and other crimes conducted by certain corporations, like XXXX XXXX who now operates under names of XXXX XXXX XXXX  ( owned by predatory forecloser XXXX XXXX XXXX ) ; XXXX ( owned by predatory forecloser XXXX XXXX ) and XXXX XXXX, their data management and supporting Company. 

I believe that my identity and my loan were stolen ; and VCI, along with XXXX XXXX are the part of a sophisticated scheme intended to lure borrowers into predatory loans ; without disclosures ; fraudulently push borrowers in defaults and steal their properties. 

I further believe that XXXX XXXX XXXX XXXX manipulated with XXXX XXXX ; defrauded XXXX to purchase performing loans as " defaulted '' for pennies for a dollar, and defraud XXXX about the real status of these loans. 

My loan is current and was never late, yet both XXXX and now XXXX intent that they are " owners '' - which can only happen if my loan was stolen from XXXX XXXX under false pretenses. Worth to mention, neither XXXX of XXXX can not provide me a validation of this debt or verification of my loan 's valid standing with XXXX XXXX. 

I respectfully request VCI to provide me proof of its registration with the State of Michigan between XXXX when VCI solicited from me refinancing of my loan ; as well as full disclosures, addresses, names and contract information for sources where you obtained my personal data and information about my loan. 

According to the law, VCI must keep all books, records, dates, methods and all other materials related to distributions of the advertisement related to my loan and my personal information, as well as the amount you paid to the source to obtain my data. Please provide it to me as well, in writing ; and include Michigan DIFS in your communication. 

Moreover, as you know, after origination in XXXX my loan was purportedly placed into a certain MBS /REMIC/REIT or similar Trust. 

Please provide me information about this Trust, the name of Trustee, Custodian, and all other Trust officials which you must know since you planned to refinance my loan under VA Guarantee. In the case against XXXX XXXX this information was specifically demanded by WA Department of Consumer Services. 

Please contact me as soon as possible with the information requested above, no later than 15 calendar days. 

Sincerely XXXX XXXX, property address is XXXX XXXX XXXX, XXXX, MI XXXX. 

XXXX XXXX XXXXXXXX