Florida Bar Pursues Discipline Against Foreclosure-Mill Boss David J. Stern

Foreclosure King David J Stern

“Our position is David didn’t do anything wrong, ethically or otherwise,” Tew said. “He had a very complete system of supervision and didn’t participate in any of the individual situations.”


Florida Bar pursues discipline against foreclosure-mill boss David J. Stern

By Kimberly Miller

The Florida Bar is seeking disciplinary action against Florida foreclosure baron David J. Stern, whose massive law firm collapsed in 2011 amid allegations that it mishandled the cases of the nation’s largest mortgage holders by filing forged and fraudulent court documents.

Grievance committees found probable cause to pursue punishment in 17 cases stemming from formal complaints made by homeowners, defense attorneys, judges and a bank representative.

It’s the first attempt by the Bar to hold Stern accountable for actions that occurred at his so-called “foreclosure mill,” which grew quickly following the real estate crash to more than 1,500 employees and more than 140,00 cases statewide. Ten probable cause findings were approved Jan. 25 with seven more following on Friday.

Stern’s company closed in March 2011 after losing most of its clients, including federal mortgage backers Fannie Mae and Freddie Mac, as concerns about robo-signing hit lenders and law firms nationwide.

The allegations against Stern where probable cause was found include notary fraud, backdating documents, misleading the court, failing to appear before the Fifth District Court of Appeal, failure of his attorneys to appear at hearings, and the inability of a Michigan-based bank to get clear title to a property because a lawsuit notice was never withdrawn from official records.

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5 Responses to “Florida Bar Pursues Discipline Against Foreclosure-Mill Boss David J. Stern”
  1. BOBBI SWANN says:

    Reading anything by Kimberly Miller is a waste of time. She likes to blow out hot air and place herself up as a REAL investigative reporter. Why Micheal and the rest of the team continue to post her articles is beyond me. She’s nothing but a wolf in sheep’s clothing.

  2. AL says:

    yeah right….and obama will restore the economy and fraudsters will be in jail……. what else?
    this bastard and all its colleagues must be laughing so hard by now….

  3. yvonne says:

    it’s not over until the proverbial fat lady sings…

  4. neidermeyer says:

    Unless Stern goes to jail this “discipline” is nothing of the sort… I’d laugh if it were me … as I call the pool boy over to bring me another pina colada.

    • neidermeyer says:

      Attorney Jeff Tew, who is representing Stern, said he will defend against the charges. The Bar has closed 19 complaints against Stern with no findings.

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