Clogged Foreclosure Pipeline May Lead to DJSP Layoffs

The clogged foreclosure pipeline is delaying new foreclosure filings, and Florida-based processing services firm DJSP Enterprises said it’s considering layoffs to deal with the decreased business. DJSP Enterprises’ main client is The Law Offices of David J. Stern, P.A. (DJSPA). In the DJSP Enterprises second quarter 2010 and mid-year earnings report released this week, the … Read more

Press Release of Conference Call – David J. Stern, DJSP Enterprises, Inc. Reports Financial Fraud Results for Second Quarter

This just in from their earnings report: “Deed-in-lieu and Mediation services were initiated in the second quarter and contributed a combined $0.7 million to our revenues during the quarter. Revenue from foreclosure services decreased by $1.5 million, or 8.3%, for the quarter to $16.6 million, compared to $18.1 million during the same period last year.” … Read more

Front Page Huffington Post – RUSHING FORECLOSURE, IGNORING JUSTICE

RUSHING FORECLOSURE, IGNORING JUSTICE ~ Florida Courts Dash To Clear Foreclosure Backlog At Homeowners’ Expense “I haven’t seen any widespread problem,” Sasser said. ~ And that’s all I have to say about that… ~ 4closureFraud.org

NY Times Picks Up on The Crisis in OUR FL Courts – High-Speed Courts Try to Rush Through Foreclosures

Florida’s High-Speed Answer to a Foreclosure Mess – NYTimes.com High-Speed Courts Try to Rush Through Foreclosures After weeks of anticipation, Gretchen and Geraldine finally ran their report that all of us Foreclosure Fraud Fighters have been assisting on for the past few months. Below are excerpts from the slightly watered down report that could of … Read more

Them be Fightin’ Words: The Fight Over Foreclosure Fees

Very interesting perspective on the Foreclosure Mills and GSE’s… Worth the read… From the authors twitter account… ~ Just finished my @housingwire column. Probably the most in-depth and difficult writing I’ve done all year. http://snurl.com/10zxlx Them be fightin’ words: the fight over foreclosure fees Monday, August 30th, 2010, 2:56 pm For the law firms that … Read more

KA-CHING – Cuneo, Gilbert & LaDuca, LLP and Liddle & Robinson, LLP Announce Class Action Lawsuit Against DJSP Enterprises, David J. Stern

August 26, 2010 10:19 AM EDT WASHINGTON, DC — (MARKET WIRE) — 08/26/10 — Cuneo Gilbert & LaDuca, LLP and Liddle & Robinson, LLP today announced that a class action has been commenced in the United States District Court for the Southern District of Florida on behalf of purchasers of the common stock of DJSP … Read more

Florida Bar Confirms that it is Also Investigating David J. Stern for Numerous Allegations of Violating Attorney Regulations

Florida Bar President Tod Aronovitz read the reprimand aloud before the board of governors on Oct. 25, 2002: “Your firm represents lenders in foreclosure proceedings. In most situations, the defendants are unable to afford competent legal counsel to raise any defenses to the foreclosure proceedings. In the interest of expediency and to maximize your own … Read more

Foreclosure Fraud – Some Quotes from the Report of Three S. Fla. Law Firms Target of Probe – South Florida Business Journal

A must read in its entirety… You cant make this stuff up folks… Quotes from the report… Three S. Fla. law firms target of probe – South Florida Business Journal Bill McCollum “We are seeing a paperwork trail where law firms, through a mill, prepared paperwork with signatures from lenders who had assigned the mortgage,” … Read more