Consumer complaint received 2022-09-06 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 ( Wells ) who was working as the mortgage servicer for XXXX XXXXXXXX XXXX XXXX XXXXXXXX ) for XXXX XXXX Fed Gov Backed mortgage loans from XX/XX/XXXX until XX/XX/XXXX that XXXX owned, does not ever admit this fact and now it saying that it was working for XXXX XXXX, but as XXXX never is a financially interest party and can not collect mortgage payment as they are never owed monies from the borrowers of any Fed Gov Backed mortgage loan. 

What Wells did was to Robo sign the Assignment of Deed of Trust illegally at the XXXX XXXX XXXX XXXX XXXX XXXX when stating that it had paid value for my Dept of VA loan, is under the false impression that legally recorded documents are made legal because they are recorded, when in fact the responsibility is on Wells to provide the register with a valid Assignment of Deed of Trust. 

Wells does not record a Assignment of DOT from XXXX XXXX XXXX XXXX XXXXXXXX ) to XXXX first because the Deed of Trust ( DOT ) is recorded illegally by XXXX 22 days after it had already sold the mortgage loan to XXXX on XX/XX/XXXX, which on XX/XX/XXXX, when the DOT is recorded it is when XXXX does not have a financial interest in the mortgage loan. In order to place a lien against the property, one needs to be owed a debt and because XXXX had been paid in full by XXXX they have no right to record a lien against the property. 

Now XXXX has an option to correct the false DOT recording and that is to have another Deed of Trust signed by me if I am willing to resign one, but that would alerts me that the mortgage loan is un-secured. XXXX never recorded a Assignment of DOT through XX/XX/XXXX and XX/XX/XXXX, because the DOT was not deliver and recorded at the XXXX XXXX XXXX XXXX and second the mortgage loan had been accepted into XXXX 's XXXX XXXX XXXX on XX/XX/XXXX, which would take away any actions on the mortgage loan as XXXX had been given the Mortgage Note through the XXXX procedure when the Mortgage Note is endorsed in blank and required to be relinquished to XXXX as well as all assignments for consideration for the securities. 

I was the responsibility of XXXX to have a assignment of DOT when the mortgage loan was accepted as XXXX did not originate the mortgage loan as the Mortgage Note clearly showed the endorsement from XXXX to XXXX from the XX/XX/XXXX sale. When Wells started servicing or when XXXX failed at some point it was the responsibility to check the file for correctness and as the portfolios were being seized the titling of these loans are at issue because XXXX is a defunct bank. 

So on XX/XX/XXXX, when the Robo signing occurred the fact that my loan was a XXXX originated mortgage loan and had been sold to XXXX and now they don't exist and never sold the mortgage loan because it was in the XXXX XXXX with the owner of the mortgage note in XXXX not possessing any ability to buy or sell a mortgage stops the mortgage loan from being sold to another, which Wells the mortgage servicer of millions of Fed Gov Backed Mortgage loans that it owned the debt and some its does not own but services as with the XXXX 's XXXX pooled loans. 

As Wells and XXXX Robo signed the Assignment of DOT that based on a faulty DOT which they are covering up the fact that XXXX purchased the loan on XX/XX/XXXX which would have alerted XXXX XXXX XXXX that there a missing chain of ownership and Wells can not be put in place of XXXX who is the successor of XXXX and did not and can not assign to Wells the mortgage loan debt. 

Wells sells my property to the Dept of VA when in fact they did not own the mortgage loan and could not replace itself in title as the actual owner of the debt, and uses the wording that they are legal holder of the mortgage note when in fact they are the custodian for XXXX who is not entitle to any payment form ma as I was never in debt to XXXX. XXXX can not be the lender and simply just holding the Mortgage Note when XXXX does not exist, results in XXXX having a Mortgage Note to a situation that stopped existing when the bank failed. 

Wells did not paid value for the mortgage loan and never in the decade of my complaints mention XXXX as the party it was servicing the loan for or the allege party it would have had to purchase the loan from. Wells can not replace XXXX in title as XXXX was never in title were the requirement for a non-judicial foreclosure under the power of the DOT is be the debt holder per XXXX XXXX XXXX. 

Wells still has or should have all the monies received into my account from XX/XX/XXXX and after of over {$430000.00} as this is my mortgage servicing account that not used to paid XXXX XXXX monies it believe it owed by XXXX who is on the mortgage loan with me and that I am not on the investor loan which is XXXX debt and not my debt. The foreclosure sale had been legal would be the bank accepting the property for the mortgage loan debt and that resolves the issue as this was a Dept of VA loan with a non-recourse clause, however, the over {$210000.00} covered the {$200000.00} alleged balance and there could not be any further action in a deficiency judgement which is a separate action, and the property already been disposed of. 

Wells is using the lack of knowledge of the CFPB who not reviewing and understanding that because XXXX failed unable to complete the mortgage contract just as they are unable to call the mortgage loan due because they don't exist. 

So who did Wells pay with the monies received into my mortgage servicing account? This is not some privacy issue when having to explain were these monies went if the went anywhere.as the account records does not show where the monies went. However as Wells and XXXX have admitted to Wells purchasing a " loan '' which this " loan '' is the contract between XXXX and the investor that was required to be paid before the property was foreclosed so that it was to removed from the XXXX pooling but XXXX that owes the debt is not alive to purchase back this debt they had. XXXX allowed this outside of it regulations when it authorized Wells to foreclosed, because the foreclosed end the real estate matter as the property is sold and those monies are designated to the debt of Dept of VA borrower if there were a debt which in this case that debt does not exist because XXXX does not exist. 

The proper avenue for this matter was XXXX procedure which XXXX can not participate in as they never received a certificate of authority per XXXX Statute 21-20,168. Wells is committing Bank Fraud as they illegally foreclose Theft by Unlawful Taking, Sale of Stolen Good that they laundering monies through my account to XXXX and keeping the proceeds of the foreclosure sale for itself when in fact they are not owed a single red cent from me!

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