Consumer complaint received 2023-05-25 00:00:00
Product: Debt collection — Mortgage debt
Issue: False statements or representation — Impersonated attorney, law enforcement, or government official
Company: WELLS FARGO & COMPANY
State: GA

Complaint narrative:
Wells Fargo Bank who is not the owner of the Dept of VA mortgage loan that they illegally foreclosed on XX/XX/XXXX, and was not working for a party that was owed a debt by me for the VA mortgage loan. Wells who has personnel that are not trained to understand the loan process and will not provide a purchase agreement, wire transfer receipt, or cancel check showing that they or XXXX XXXX purchased my mortgage loan. Wells presents the XXXX  signed Assignment of Deed of Trust as if it were proof of ownership, however, it just a statement from MERS invoking the originator in XXXX XXXX XXXX ( XXXX ) who stop having a financial interest in the loan on XX/XX/XXXX, when it sold the loan to XXXX XXXX XXXX XXXX XXXXXXXX ) but violated the correspondent agreement and did not at the time of sale provide a recorded Deed of Trust ( DOT ) at the Sarpy County Register of Deeds and Assignment of DOT. XXXX who stopped having a financial interest in the loan on XX/XX/XXXX, does not have the legal ability to place a lien against the property when not being owed a debt, violates the State of Nebraska statute 76-238. When delivering the DOT on XX/XX/XXXX, to Sarpy Register, they failed to mention that the loan had been sold on XX/XX/XXXX, which would have alerted the register that XXXX was not mention them in the chain of title, plus the fact that XXXX had already use XXXX to endorse the mortgage Note in blank to XXXX XXXX when my loan was submitted and accepted into XXXX 's XXXX XXXX XXXX on XX/XX/XXXX. My loan was accepted into the XXXX XXXX illegally because it did not have title recorded with was required under the XXXX regulation. XXXX recorded the Limited Power of Attorney ( POA ) written by their President XXXX XXXX on XX/XX/XXXX, that it had not provide XXXX with the correct title information and the document was recorded on XX/XX/XXXX, after XXXX and Wells were assigning all the Fed Gov backed mortgage loans that Wells had started mortgage servicing from the XX/XX/XXXX, mortgage servicing sale. Unlike the other XXXX XXXX loans that were transferred with Assignments of DOT which were done from XX/XX/XXXX until XX/XX/XXXX, without a sale of the loans to Wells. When XXXX was declared a " failed bank '' by the FDIC it stopped existing and had not called my loan due ever, and after being shut down could not call the loan due because they stopped existing. Because XXXX could not complete the mortgage contract between myself and them, the debt stopped existing and could not be transferred as there not a seller for the debt. The debt stopped existing which is why Wells can not provide proof of a sale because one did not occur. XXXX  refuses provide a bill of sale, wire confirmation or cancel check because one does not exist. Now Wells violates XXXX XXXX rules and foreclosed on the loan without purchasing the investor loan before it was foreclosed as is required for XXXX to release the loan. Wells foreclosed as the owner of the loans as the Assignment of DOT recorded on XX/XX/XXXX, list Wells as the owner of the debt, which Wells has admitted to not being the owner of the loan and is saying that XXXX XXXX was the owner of the debt, however XXXX XXXX is prohibited from buying or selling a mortgage loan and does not invest in XXXX XXXX. The accounting on the loan shows that the proceeds from the foreclosure sale went to XXXX XXXX on XX/XX/XXXX, and not some sell of a mortgage loan that had already stopped existing on XX/XX/XXXX. The VA loan is a non-recourse loan and there no action after the foreclosure to the Dept of VA borrower, so this tale of Wells purchasing the loan on XX/XX/XXXX, is just another part of the cover up Wells in involve with. There is not loan to purchase from XXXX XXXX as the property sold on XX/XX/XXXX, and there nothing to collect because the property was sold to the Dept of VA and the insurance from the XXXX XXXX XXXX  is part of the foreclosure amount that is to take care of the veteran 's debt. Wells is the servicer for thousands of Dept of VA loans in their XXXX XXXX XXXX and has the duty to know that this loan was improperly enrolled into XXXX XXXX XXXX and not release according to requirements! I have requested proof of purchase in this matter as Wells refuses to provide that information which would resolve this issue, however, there is no bill of sale, wire transfer or cancel check!

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