Wells Fargo & Company Mortgage Complaint

Wells Fargo & Company Mortgage department,

Reverse mortgage Loan modification,collection,foreclosure Michigan

On - -, - Wells Fargo Bank , N.A . foreclosed on a home based on a - reverse mortgage, and the borrower being deceased as of -. However, the home was placed in a living trust as of -, and the mortgagee did not have authority to remove the home from the trust. On - -, - the beneficiary of the trust contacted Wells Fargo to inform them that the home was placed in an irrevocable trust in -, and Wells Fargo responded that the loan did not originate under a Trust Agreement. Well Fargo is intentionally disregarding the creation and continued existence of the - trust agreement, as they know the trust invalidates their reverse mortgage and the debt. Regardless of whether the loan was originated under the trust agreement, the trust agreement preceded the reverse mortgage 's origination. It came into existence in - as an irrevocable trust, continues to exist and can not be dissolved. Wells Fargo admits that the trust prevents the loan from meeting FHA Investor guidelines and - - - -. Yet, Wells Fargo continues to attempt to collect an invalid debt.