Pot, Meet Kettle | David J. Stern Launches Legal Battle Against Nation’s Biggest Mortgage Servicers

From Housingwire…

Foreclosure king no more, David J. Stern is fighting back against former clients whose business once elevated him to one of the richest and most well-known default services lawyers in the country.

The fight is taking place largely in state and federal courtrooms via 25 lawsuits where Stern alleges that the biggest names in the mortgage industry owe him more than $34 million in unpaid invoices. The fight includes at least two major mediation cases, as well.

Bank of America (BAC: 11.87 +0.08%) and its servicing arm, BAC Home Loans Servicing LP, owe a combined $10.7 million, the lawsuits, all filed in South Florida courtrooms, allege. Aurora Loan Services allegedly owes Stern more than $5.3 million, and Citigroup (C: 41.38 +0.46%) clocks in at more than $4.4 million, the lawsuits allege.

Stern, the sole partner of the Law Offices of David J. Stern, also sued Freddie Mac, alleging the government-sponsored enterprise owes the law firm more than $1.3 million. It would have sued Fannie Mae, too, but the GSE beat Stern to the punch by filing an arbitration case seeking damages. Stern filed a counterclaim in that case alleging that Fannie owes his firm $800,000.

This should be interesting…

My question is, how can he sue to collect on monies he did not pay to his vendors?

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4closureFraud.org

Comments
14 Responses to “Pot, Meet Kettle | David J. Stern Launches Legal Battle Against Nation’s Biggest Mortgage Servicers”
  1. debi J says:

    Anthony I am so dying to talk to u. Call me please. Off the record. Please. 561 389 9339. I bet I know a way for you to get paid. :). U know he knows everything. I’ve been waiting for this backed into a corner Fuk to come out with full force. Of course he has everything and he has client privileged info on them all. They are not too big to fail…its all coming together to expose the ponzi scheme slowly bust surely. Call me anthony. I have some ideas. Deb

  2. debi J says:

    The vendor who got screwed by Sterns and stated that he trusted him. We the homeowners trusted the banks and the brokers too. It never was about living for free that’s for sure. And with that “free rent” goes defense lawyers, process servers, embarrassment from neighbors and shame–its heart attacts and strkes and shrink appointments to face the kids. Its changed schools and bad credit and living in the streets. U trusted stern? We trusted that our loans wouldn’t be modified by the banks before they were signed. They were bundled and sold before even signed and sold all over the world. The lawyers are crooked just like the servicers who try to get the keys of a house they do not own. I am prose now on a case where Wells stole the house when BOA is doing a mod and you tell me – we want free rent? U had to know he was crooked out of the box unless u don’t have a basic understanding of real estate 101. I can look thru thousands of fraudulent assignments and spot a lot of 200 robo signers in a second flat. U trusted him? Were u a signer? What kind of human puts their unauthorized signature on thousands of recorded fraudulent documents??? Big balls or stupidity!? We do know what we are talking about I have been investigating Sterns sick n fraudulent joke for work for years. He is a professional thief, rapist, liar and scum. The devil owns him all of him. He is too far gone now. The only peace that we shall all have is when mr stern and his friends are in jail and his mansion goes into the auction block to pay his own legal. Have fun with the devil David and for the former vendor I will pray for your soul. U really should aid in the investigation and learn from your devil driven mistakes. I will pray for your soul and hope there is time for you to be righteous and learn from your mistakes and underhanded fraudulent deals. May God be able to save you before the devil ruins your soul too. Call me I would love to discuss how being a vendor for stern really was and what u r doing to do to help those who’s lives he still has not ruined. Look up the suicide levels in florida over the last few years and try to sleep well. We were F-ed by the banks the lawyers and the law. Ur business suffered alittle bit. Get a grip on the enormity for the families stern has destroyed. I will pray. That’s all we can do for you now. Debi. 561. 389. 9339. Would love to discuss nicely with the vendor in confidence of course.

  3. Alfredo says:

    Hrm… I am in a house that Aurora is trying to foreclose on, having previously been represented (albeit incompetently) by Stern. If Stern’s allegations are non-frivolous, should it not be the case that, even in the unlikely event that Aurora can prove its standing to foreclose on my house, under no circumstances should a judgment handing over ownership of my house in fee simple to Aurora occur, because my house might instead have to go to Stern in order to satisfy any judgment he might have of Aurora?

    Is there any way this can be tied up in costly litigation for these parties for the next ten years?

  4. jzseeker says:

    Anthony,
    I suspect you are in the steram of Stern Scum. That is, you are owed because you wollered with the man.

    • anthony says:

      That was a moronic answer I was a Vendor do you think I knew wtf he was doing …
      do you think the guy that sold him toliet paper knew what he was doing ….think before you write
      I lost a lot and I was not even a homeowner so Stern did not care who he screwed nothing means nothing to him. You my friend do not know what is actually happening….were you a RE investor or
      did you buy a home you could not afford some of you are living rent free and some want your houses for free that’s not right either listen I want a Bentley I will not buy one unless I can afford the payments so don’t throw stones just like you got hurt the Vendors got hurt we trusted him he just went crazy when the files were taken away from him….yes your files are screwed up , and I would be made as hell also
      this was all done make shift there was an avalanche and no enough man power. If you haven’t paid your
      mortgage in months you are at fault as well if you were tricked into a mortgage I am sorry for you if you are just taking advantage living for free I would take responsibilty or else this will never get fixed .

  5. jzseeker says:

    pleas do not be an idiot – look at the big picture!!! teh REGULTORS in DC let this happen BCA– USE they are on the take

  6. jzseeker says:

    Didn’t pay to his vendors? WTF fraudclosure? He was in cahoots with Fannie, Citi and the rest and you worry about the downstream affects of the little guy in the stream of scum? Look upstream and scream or you are a detractor!!!!

  7. boots says:

    how could david stern file this lawsuit accusing the big banks for not paying their bills? how could these banks could pay if the law firm systematically induced to defraud by manufacturing all documents needed in order to foreclosed? unless, the banks told the law firm OK you could do what you want in order to foreclose, but if we will being sued and caught then the law firm will lost the revenues from the banks.

    i love to read the lawsuit and how they plead it. hope by suing each other we could finally find out if these banks are in concert with david stern or the judges in florida.

    • anthony says:

      David Stern is suing because he never takes responsibility for anything….
      it’s everyone’s fault but his UNLESSif he wins or the banks settle with STERN then
      he has something on the banks that they do not want to get out. STERN has dodged a lot of bullets
      in his career and probably feels like he is a teflon Don we will never know what really happens unless
      all this comes out so …let the games begin he is not going to give up he has a huge EGO he’ll go down
      fighting. Stern doesn’t care about anyone except himself not his employees, not the community of Florida,
      not even his family ….shame on him he caused so many people useless pain . If Stern only had it in him to do the right thing and make sure his company was run the right way …the money got in the way and now he will have to go to jail and there is no money there except for candy….

  8. Pamela says:

    The sharks are circling maybe cause they smell blood in the water?This shoul be at the very least high entertainment value just to see what Sterns thinks he can pull off at the last minute.They owe him and everybody else money.So this is new how?Bag and tag.

  9. TheHutMaster says:

    Now what the heck will SCUMBAG Stern do with all that Fradulant money IN JAIL?

    “Fight The Good Fight”

  10. LUCY says:

    I NEEDED THIS TODAY HAHAHAHA!

    • anthony says:

      NOW MAYBE I WILL GET PAID ……STERN REALLY IS SOMETHING HE IS COMPLAINING ABOUT
      UNPAID INVOICES ALL THE OTHER LAW FIRMS PAY THEIR INVOICES TO THEIR VENDORS HE KEPT GOING AND PAYING HIS STAFF AND DIDN’T GIVE A F–K ABOUT LIVES HE RUINED
      HE IS A PIECE OF SHIT HE DIDN”T GET PAID… GIVE ME A BREAK …I HOPE HE FEELS THE WRATH HE
      CA– USED PEOPLE… HE SHOULD BE HUNG HE IS A DELUSIONAL ANIMAL AND STILL HAS HIS
      MIAMI HEAT COURT SIDE SEATS I GUESS HIS PRIORITIES ARE DIFFERENT… FUN TAKES PRECEDENCE OVER INTEGRITY YOU HAVE NO CLASS AND I HOPE YOU GO TO JAIL I ALSO HOPE YOUR DAUGHTERS MEET AN ANIMAL LIKE YOU WHAT GOES AROUND COMES AROUND YOU WILL GET YOURS THERE IS A HIGHER POWER YOU HAD YOUR CHANCE TO GET PAID FOR YOUR FILES YOU WEREN”T AS FAST AS BEN EZRA THEY WOULDN”T GIVE THE FILES UP UNTIL
      THEY GOT PAID

      • anthony says:

        IF ANY VENDORS WANT TO FORM A CLASS ACTION I WILL ALLOW THIS WEBSITE TO GIVE OUT MY EMAIL ADDRESS IF THEY ASK ME FIRST PLEASE WE NEED TO GET PAID

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