Consumer complaint received 2017-12-28 00:00:00
Product: Mortgage — Other type of mortgage
Issue: Closing on a mortgage — 
Company: WELLS FARGO & COMPANY
State: IL

Complaint narrative:
Re : Wells Fargo bank sells fraudulent foreclosures with fake Title Insurances policies.

Dear CFPB : I want to follow up on fraudulent foreclosure mill operated by Wells Fargo bank and other criminal financial institutions who launder dark money through Illinois Courts ; along with {$2.00} XXXX in funds diverted by IL  XXXX XXXX XXXX from settlements with banks which only benefited XXXX XXXX family and friends. 

Please be kindly informed that Wells Fargo bank sells stolen in the Court properties with fatally defective property Titles and provide FAKE Title Insurances for those properties. Proof attached. 

In XXXX XXXX acting as XXXX XXXX filed foreclosure case XXXX, XXXX XXXX as Trustee for XXXX XXXX XXXX XXXX XXXX ( XXXX ) XXXX XXXX, et. al. Property address XXXX XXXX. XXXX XXXX. XXXX. This case was based on false statements and accompanied by forged Assignment of Mortgage ( but not the Note ) into a non-existing XXXX XXXX XXXX about six years after its Closing Day. The Note lacked any chain of Assignments ( I checked this case ) and was not transferred to the Trust at all. 

Yet, it was favorably decided by XXXX XXXX XXXX XXXX, who acted in excess of jurisdiction and trespassed all applicable laws. ( I dont know who needs those laws our judges have absolutely no intention to follow any of them ) In XXXX I was looking for an affordable property and found a unit which was listed by XXXX XXXX XXXX XXXX. According to the listing, it was NEWLY RENOVATED LARGE 3 BEDROOM AND 2 BATH CONDO UNIT HAS NEW APPLIANCES, REFINISHED FLOORS, UPDATED KITCHEN AND BATHS, SUNROOM. SOLD " AS IS '' Buyers should obtain a free prequalification letter from Wells Fargo Home Mortgage ( WFHM ) or an entity which is a joint venture with WFHM by working directly with a mortgage consultant. See additional information attached. Additional information included property taxes, assessments, ect. The listing did not mention that this property is a foreclosure. It only demanded a pre-qualification from WFHM. I reviewed sale documents again and again did not found disclosures about foreclosure. The Seller was XXXX XXXX XXXX  Without suspecting a scam ( in XXXX I had no idea who is XXXX XXXX XXXX, and they did not mentioned any affiliation with XXXX ), I purchased the unit. On XXXX XXXX, XXXX XXXX XXXX XXXX. as Trustee for XXXX XXXX XXXX XXXX XXXX ( XXXX ),  who claimed to be duly authorized to transact business in Illinoisprepared a Special Warranty Deed acting under " authority of its Board of Directors or Trustees ''. At the same time, I was given a number of Forms and documents stating that I am receiving XXXX XXXX XXXX XXXX policy for this property for {$1300.00}. 

As soon as I got possession of the unit, I realized that something is really wrong with it. So, I decided to do more detailed review of the background of this unit just to realize that I became a victim of a scam committed by Wells Fargo Bank, this property sale is a fraud where all documents are forged ; and the Seller is a fake who lacks any authority since it is not existing entity ; and " authorized officers '' appear to be fakes as well. I first checked IL Secretary of State for XXXX XXXX status as Trustee for XXXX and found no records. My worries escalated. I searched public records for XXXX XXXX XXXX XXXX XXXX and find out that here is a huge foreclosures fraud and forgeries operated by XXXX XXXX. 

I checked the Assignment of Mortgage into the Trust. It was dated XXXX XXXX, XXXX. This Trusts Closing Day was XXXX XXXX at the latest ( under IRS Rule XXXX assignment must be done in 90 days ). So, under no circumstances this Assignment of Mortgage into XXXX XXXX 6 years after its Closing Day can be a legitimate Assignment. Note, that all these tasks must be done by Judges before they reward XXXX fraud upon their Courts in violation of all laws. 

According to SEC website and IRS Publication 938, from XXXX to present time XXXX did not make any SEC or IRS filings which is a mandatory requirement for a legitimate Trust ; and XXXX XXXX has no signs of its physical existence as a legal entity at all. I was not able to find any Board of Directors for this Trust either. The Assignment was prepared by well-known Wells Fargo bank robo-signers XXXX XXXX and XXXX XXXX XXXX, thus it is a forgery. XXXX Attorney-in-Fact XXXX XXXX who signed XXXX  appears to be a fake person. I only find one XXXX XXXX who was associated with XXXX - and he does not work for Wells Fargo since XXXX. 

" Trust Officer '' XXXX XXXX. XXXX is actually XXXX XXXX XXXX. XXXX XXXX XXXX is XXXX XXXX XXXX  who also worked for XXXX XXXX XXXX ( XXXX ), a XXXX XXXX. According to IL Secretary of State, XXXX does not have registration to conduct real estate business in IL while XXXX has a very questionable status. According to the record, XXXX filed for registration with the State in XXXX. The last annual report was filed in XXXX. 

The President, XXXX XXXX XXXX XXXX, since XXXX works for XXXX XXXX XXXX, XXXX insurance branch,  currently under investigation for fraud and facing license suspension in California. See attached. I also found an article that XXXX, XXXX and their agents intentionally lie to property buyers. 

When I contacted a Title Insurance Company, XXXX XXXX XXXX who received {$1300.00} for the Title insurance on my property, they advised me that they do n't have any records on my policy. 

On or about XXXX XXXX, XXXX I mailed XXXX XXXX a direct letter asking for verification of its status as Trustee ; legitimacy of XXXX XXXX and their ability to accept securities ( mortgages and Notes ) into this Trust 6 years after its closing day ( worth to mention, the Assignment only transferred the mortgage, not the Note ) ; copy of the original Note with full chain of Assignment ; contact information for XXXX XXXX XXXX XXXX ; and validity of the Deed. XXXX XXXX failed to respond. 

On XXXX XXXX, XXXX I filed a complaint with Consumer Financial Protection Bureau. On XXXX XXXX, XXXX XXXX XXXX representative XXXX XXXX XXXX responded with a runaround letter and advised me to talk with Wells Fargo bank, who was a Servicer for this mortgage. This letter created even more concerns. First, XXXX XXXX failed to state his position with XXXX XXXX  and provide his contact information, which looks suspicious to the best. Second, I found information that here are numerous identical letters prepared by XXXX XXXX, which also caused reasonable doubts for other customers that these letters are fabricated and coming from the other source, not XXXX XXXX. The link to this information is below. 

As of today XXXX XXXX XXXX failed to follow up with me on this matter. XXXX sent me their usual runarounds that they need more time to research on my inquiry ; XXXX lawyer XXXX XXXX ( whose XXXX XXXX XXXX ( merged with XXXX ) operates a huge mill in your Court ) blocked my email after I demanded explanations regarding fake Title Insurance policy ; and XXXX XXXX sent me a runaround which is publicly known as pure fabrication and forgery. 

I respectfully demand explanations from XXXX based on which authority they filed fraudulent foreclosures for a fake plaintiff based on forged documents and defrauded me with fatally defective Titles and fake Title Insurance policies. 

XXXX created a new financial crisis at the size of XXXX since I am not the only one whom judges and XXXX bank defrauded with a defective Title which is accompanied by a fake Title insurance policy. Here are hundreds of thousands similar sales, all of which have absolutely no property rights and no Title insurances, only unsecured huge lines of credit called mortgages. 

Please order XXXX to compensate me in the amount of {>= $1,000,000} ( XXXX XXXX ) for all damages I suffered due XXXX fraudulent conduct. 

Please be kindly informed that if CFPB will refuse to order XXXX pay me a compensation, I will proceed with the legal case against XXXX for fraud ; and against CFPB for aiding and abetting Wells Fargo bank fraud in astronomical proportions. Millions of fraudulent property Titles with FAKE Insurance policies are not even comparable damages to millions of fake accounts. 

Regards. 

XXXX XXXX

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