Fay Servicing, LLC Mortgage Complaint

Fay Servicing, LLC Mortgage department,

Conventional adjustable mortgage (ARM) Loan servicing, payments, escrow account Michigan

There are serious issues with my mortgage that would indicate my current servicer, Fay Servicing and the alleged note holder lack standing to foreclose which they are currently threatening to do. There are also issues that show they are billing me for tax escrows that were never paid. The first mortgage assignment recorded on -/-/- prepared by - indicating - was assigning the mortgage to - would be void due to the fact that - would have had no agency relationship with - - in - due to the dissolution of - - - as a corporate entity on -/-/-. The second mortgage assignment recorded on -/-/-, assigning the mortgage from - to - Legal Trust is also problematic for multiple reasons.


After reviewing the Securities and Exchange Commission 's - database, it appears that - Legal Trust is not registered with the Securities and Exchange Commission ( SEC ). It appears - Legal Trust is in violation of Section 5 of the SEC Act of -/-/- that requires all entities offering securities to be registered with the SEC or qualify for a Rule 144a exemption from the registration requirements. There does not appear to be a Rule 144a exemption filed with the Securities and Exchange Commission. There also seems to be serious miscalculations of the amount Fay Servicing is claiming I owe on the mortgage. According to documents supplied by Fay Servicing and their attorneys, - - -, Fay Servicing is charging us $27000.00 in tax escrow payments from -/-/- through -/-/-. However, it appears from a - county tax bill sent us in -/-/- that the outstanding property taxes equaling $24000.00 were never paid. The property is currently in the process of tax forfeiture.