Wells Fargo & Company Mortgage Complaint

FHA mortgage Settlement process and costs

Wells Fargo & Company Mortgage department,

FHA mortgage Settlement process and costs Florida

I am writing to you in reference to loan number -. I have documentation from - of - formerly known as - - -, - - - - -, - employees which states Wells Fargo sold the above mentioned loan to - - Bank and - - - - - became the servicer of the loan in -/-/-. It is my understanding that in order for anyone or any entity to sell a mortgage or a promissory note, they must first be the legal owner of the mortgage and the promissory note and in order to sell a loan to a - trust, must be the originator of the loan. So, when it was stated to me by - 's employee that - - Bank purchased the loan from Wells Fargo, exactly what did - - purchase? I also have a letter from - - - - - stating they purchased the loan from Wells Fargo. Did - - purchase the promissory note? In the state of -, the mortgage is purported to follow the note, not the other way around.Everything that - - has stated is in direct conflict with the - - court records. - - court records

nominee, not a beneficiary and not a trustee. In fact, the recorded assignment not only shows that Mortgage - - - - - is the owner of BOTH the mortgage and the note but that -, -. is the assignor, which would have made them the legal owner at the time of the assignment. This also reflects that they were the legal owner of BOTH the mortgage and the note when Wells Fargo allegedly sold the loan to -. The assignment of the mortgage and the note were recorded in the - records in -/-/-. This would make the purchase of the mortgage or the note by - from Wells Fargo is fraudulent. I would appreciate a response. Thank you in advance for your time and cooperation in this matter.

Wells Fargo & Company customer in Florida
Feb 01, 2017

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

Consumer disputes how Wells Fargo & Company handled their complaint

Get Help

Get personal financial help today. Free tools, resources, and support you need.

Help Me

File a complaint

Submit a complaint with the Consumer Financial Protection Bureau today

File Complaint

Stop Phone Calls

Stop the phone calls, learn how to stop harassing phone calls

Stop Calls

Loading similar complaints


{{x.COMPLAINT_WHAT_HAPPENED | preview}}...

Read more