Consumer complaint received 2024-04-01 00:00:00
Product: Mortgage — FHA mortgage
Issue: Trouble during payment process — Loan sold or transferred to another company
Company: TJC Mortgage, Inc.
State: TX

Complaint narrative:
TJC Mortgage allegedly sold my note to XXXX who now does business as XXXX XXXX but they provided me with no documentation to prove the note was transferred. I had my broker run this account number and discovered the note is not held but any of the businesses it has been sold and also has made a substantial profit for them and whoever they sold it too. I went through all my original paperwork and I did not see anything about my note being sold and they would make so much from the proceeds. I was shocked to discover the millions my one note made and then they allege I owe them a debt. I went to the SEC website and found that each security must be registered upon the books and each sell should be documented if not the SEC and the FINRA could potentially fine the businesses. As a holder in due course of this consumer contract I have a right to enforce my rights and I do hereby declare my rights as the rightful owner of this security.

holder in due course Primary tabs A holder in due course is any person who receives or holds a negotiable instrument such as a check or promissory note in good faith and in exchange for value ; without any notice or suspicion that it is overdue or was previously dishonoured. Such a holder is entitled to payment by the creator of that negotiable instrument.

1 ) A purchaser of goods acquires all title which his transferor had or had power to transfer except that a purchaser of a limited interest acquires rights only to the extent of the interest purchased. A person with voidable title has power to transfer a good title to a good faithpurchaser for value. When goods have been delivered under a transaction of purchase the purchaser has such power even though ( a ) the transferor was deceived as to the identity of the purchaser, or ( b ) the delivery was in exchange for a check which is later dishonored, or ( c ) it was agreed that the transaction was to be a " cash sale '', or ( d ) the delivery was procured through fraud punishable as larcenous under the criminal law.

( 2 ) Any entrusting of possession of goods to a merchant who deals in goods of that kind gives him power to transfer all rights of the entruster to a buyerin ordinary course of business.

( 3 ) " Entrusting '' includes any delivery and any acquiescence in retention of possession regardless of any condition expressed between the parties to the delivery or acquiescence and regardless of whether the procurement of the entrusting or the possessor 's disposition of the goodshave been such as to be larcenous under the criminal law.

[ Note : If a state adopts the repealer of Article 6-Bulk Transfers ( Alternative A ), subsec. ( 4 ) should read as follows : ] ( 4 ) The rights of other purchasers of goodsand of lien creditors are governed by the Articles on Secured Transactions ( Article 9 ) and Documents of Title ( Article 7 ).

[ Note : If a state adopts Revised Article 6-Bulk Sales ( Alternative B ), subsec. ( 4 ) should read as follows : ] ( 4 ) The rights of other purchasers of goodsand of lien creditors are governed by the Articles on Secured Transactions ( Article 9 ), Bulk Sales ( Article 6 ) and Documents of Title ( Article 7 ).

Company response to consumer: Closed with explanation