Shellpoint Partners, LLC Mortgage Complaint

Other mortgage Loan modification,collection,foreclosure

Shellpoint Partners, LLC Mortgage department,

Other mortgage Loan modification,collection,foreclosure California

My home and the last remaining asset I own of any significance is currently up for Trustee sale -/-/- at - ( property address = - - - -, - -, Ca. -. Trustee Sale no. - ) despite the fact that the title has NOT BEEN DULY PERFECTED. In fact, the purported beneficiary has literally had years and numerous opportunities to demonstrate the extent of their ownership of the debt and have literally provided absolutely NOTHING to show ANY claim to title. Fact is - despite my numerous inquiries via QWR and phone calls their only reponses have been as follows : 1. TO FILE A BOGUS ASSIGNMENT - supposedly signed by " - - '' as " Vice President of -. '' but the problem is that we have been looking for - - in this capacity for years and there is literally no indication or evidence whatsoever that he was EVER the V.P. of -. AND THEREFORE HE SIMPLY DID NOT HAVE THA AUTHORITY TO ASSIGN ANYTHING AT ALL. Call this " Assignment '' whatever you want - and we all know there has been much legal debate about this - but THE REAL LIFE EFFECT this


for - units and situated in a superb location. This is really why I bought it as a retirement vehicle because I knew some day I could devlope it or strike some sort of deal to have it developed and earn revenue share on the project. But every single time the subject and FACTS surrounding this " Assignment '' comes up and the individual looking to put money in looks into it they come back - every single time - and pull out ... specifically due to the bogus " Assignment. '' So once again, the purported beneficiary 's bogus " Assignment '' along with its unwillingness to clear it up, cure it, explain it, clean it up or something ... anything at all has literally trapped me in my home and has prevented me from taking on investors, friends, family, private loans, etc. because we all know by now that there is clearly a title issue with this property - otherwise they 'd simply send all the appropriate TRUE SALES documents along to show that the Assignment fits into a legal chain of title ... but instead they have simply responded with nothing except the following document ( once again, this is the ONLY letter of ANY substance I have ever received from my QWR 's requesting info. on title ) .... 2. The letter was from - - an entity that at that time was claiming a newly acquired interest in my property ( without any supporting documents of course ) - and it was dated - -, - and signed by - - as - - of the President. It basically goes on to admit that a - employee had stolen my personal information including my social security number and all else and had likely sold that info to third parties. It also goes on to say that they will monitor my account closely, etc. etc. Does that sound like a clarification of title??? Does this in any way help us know whether or not the Originator ( decision - ) properly transferred its interest to the Seller/Sponsor ( -. ). Or the Seller/sponsor to the Depositor ( -. ). Or the Depositor to the trustee and trust ( the bank of new York ). Does that letter at all answer in any way these very important chain of title and true sales questions?? No!! In fact all it does is further convolute an already dirty title story so that all we are left with is that which has been actually RECORDED - AND YES THAT 'S THE BOGUS ASSIGNMENT SIGNED BY - - ( Doc. # - in the - county recorders office ). How could anybody invest in a property like this?

Shellpoint Partners, LLC customer in California
Feb 27, 2017

* Source: CFPB Complaint Database

Shellpoint Partners, LLC response to complaint:
Closed with explanation

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