Looks like the foreclosure king has been dethroned…
From a David Stern “insider”…
DJS just lost FANNIE and FREDDIE accounts.
DJS Employees told to gather all relevant files.
Banks will be by to box and remove files later this week.
Most employees on 6th floor are crying knowing that they will probably soon lose their jobs.
The Wall Street JournalFannie, Freddie Take Loan Files From Florida Law Firm
Fannie Mae and Freddie Mac have terminated their relationships with a top Florida foreclosure law firm and began taking possession of loan files on Monday afternoon from the firm, which processes evictions on behalf of the mortgage-finance giants.
Fannie and Freddie had previously suspended all foreclosures that had been referred to the law offices of David J. Stern in Plantation, Fla., a suburb of Fort Lauderdale.
Freddie Mac took the rare step of removing loan files after an internal review raised “concerns about some of the practices at the Stern firm,” a Freddie spokeswoman said.
“We have begun taking possessions of all files on Freddie Mac mortgages simply to protect our interest in those loans as well as those of the borrowers,” the Freddie spokeswoman said. A Fannie spokeswoman declined to elaborate.
Fannie and Freddie said they will move those files to other law firms in the state but that they hadn’t yet identified where they would be redistributed. The firms said they had notified Florida’s attorney general about the decision to remove the files and that the Stern firm had cooperated with the action.
A lawyer for Mr. Stern didn’t immediately respond to inquiries.
The Stern law firm has been at the center of allegations by the Florida Attorney General’s Office of improper foreclosure practices. The office has released depositions of former law-firm employees who have alleged that the firm forged notarized documents and that employees signed files without reviewing them in an effort to speed through foreclosure filings.
Rest here…
Wonder how DJSP stock is doing?
Ouch…
That’s gotta sting…
Now I wonder how many of these future unemployed “deadbeats” from the firm will be facing foreclosure going forward?
If you find yourself unemployed because of this and need someone to talk to, we are here to listen…
Maybe if you talk, you won’t go to prison…
Which mill should be targeted next?
They all operate in similar fashions…
Hmmm…
~
Some former FDIC Leader says few banks were involved in creating thie crisis and he parcially might be right, “SEVERAL” is more accurate. Founders of MERS are a dozen at least. but there was more regulatore and other bought congressmen served the banking industry well. And Settlement with 50 AG’s and banks was only worth Two months rent for harmed homeowners. No wonder they didn’t accept. If 60 million were yet fraudulently foreclosed they are not quite done. One very harmed former homeowner.
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@C don’t believe that hype!!!!!!!! Are you one of those employees?
A lot of the people affected by the layoffs at this firm have nothing to do with the foreclosure department at all. They are not all deadbeats. Most are hard working, down to earth people that are trying to make a living.
@ C –
Seriously – get real!!!! If you, or they, work there and you walk into the building, then you are part of the foreclosure department. The only way, as I see it, is to be excluded from that department you must be a janitor or parking valet.
“They are not all deadbeats”. Guess what? Neither are the VICTIMS of these mills and the mess the banking and lending institutions have concocted.
“Most are hard working, down to earth people that are trying to make a living.” And again – so are we!!!!!
Hopefully you will not lose your job as most of the HONEST Americans have, and hopefully you will never have to deal with the crap that mills such as Sterns, Shapiro & Fishman, and Florida Default Law Group have done to those that are fighting so hard to keep a roof over their heads and provide shelter for their families.
It’s obvious to me that you are somewhat blinded by the hype from the mills and have not experienced the hell the victims have experienced. And I truly hope you never have to experience it!!!!
Right On Seriously!!!!!!!!!!!!!! They knew and just didn’t care. Let them cry their eyes out. That’s exactly what they get for making a pact with the devil. Now the devil turned on them….HA HA HA
I agree with what Seriously wrote. If you are an employee and did not know what was going on, find that hard to believe, you all now know what they were doing. They caused a lot of pain to thousands of people. They kicked out babies, children, the elderly, the sick, people who cannot fend for themselves, and hard working people who were put into situtations they had no control over. And the sad part of this is they didn’t care and the only thing they were interested in is the money, houses, cars, boats and whatever made them feel in power. How anyone who still works at the place of horror knowing what went on and still feel good about themselves is beyond me. I understand that people need to made a living, however, when you walk with the devil you become as guilty as the devil. To all Stern employees you better start looking for another job because that place will be going down.
It seems like the crooks who run Freddie and Fannie may be trying to hide some evidence from the Florida Attorney General’s office. Naturally, Stern would be in favor of that, too.
Of course, after Freddie and Fannie get through reviewing everything, all of the incriminating evidence relating to them will disappear, but will they be so kind to Stern? Will Stern be so kind to them and so foolish as to not keep key records for his protection?
What about State Attorney Michael J. Satz? Satz is supposed to prosecute crimes like fraud, perjury, bribery and official misconduct in Broward County, but apparently, he has been too busy collecting cash to pay any attention to the pleas for help of those tens of thousands of his constituents who have had their homes and life savings stolen. Oh, that’s right. That’s a civil matter, right?
Is Satz going to continue to look the other way at all of Stern’s crimes or will he take action to make sure that evidence of his relationship as the local protector for the banksters and their mill attorneys doesn’t fall into the wrong hands? Will Stern make sure that evidence is safe for his protection?
Who will take the fall? I’m betting that it will be Stern although in this type of situation it is likely to be a boating accident. The Bermuda Triangle is a dangerous place especially when the men who run the justice system want to tie up loose ends.
It looks like a beautiful fall weekend for boating. Will Stern fall over the stern this weekend or does he still have some cash for Satz and Ferrer?
Seriously, David, you know that you will take the fall if you don’t expose the facts that you were asked to commit crimes for the bankers and that they also paid off the prosecutors to look the other way. You know that old fraud is a civil matter, complain to the regulators BS.
Naturally, that would be dangerous, but if you don’t want to take the fall one way or the other, you better think about taking your boat and some evidence to protect you on an extended vacation out of the country. You know where to go to avoid extradition, don’t you?
Please check out the following site for signed documents, depositions, Assignment of Mortgages, Allonges, Notes, etc.
Also, feel free to contribute anything you have. This allows others to compare and share and together, we WILL win this fight.
Florida Default Law Group seems to be involved in 2 seperate investigations: 1) ‘possible’ fabricated documents, and 2) Erin Cullaro.
Seems to be on the back burner now. Could it be due to in part that Ms. Cullaro is/was an employee of both the AG office AND FDLG??? Maybe Mr. McCollum isn’t comfortable with investigating his own staff for some reason.
Why are these mills getting a ‘heads up’ prior to records being seized?? That only gives them the opportunity to destroy evidence. You can’t tell me that they have NOT been working day and night trying to ‘fix’ their mistakes. They probably have robo-fixers hired already.
I suggest that the Fed and any law enforcement go to ALL of the mills, small and large, immediately without notice/warning and seize EVERYTHING!!
Oh BTW – sorry to the employees that may be left without a job (not really!!). Now you can come down to our level and experience our daily tribulations. And, if you find yourself in foreclosure, please feel free to join us on our chat rooms – we may be able to suggest some things to you.
The words: They are seizing the records to destroy evidence is the absolute truth. This is what I wrote about the Florida Attorney General last week: But before I go there, any employees of david J Stern that would like to talk to someone, please contact president@americansunitedforjustice.org and we will immediately put you in contact with the legal firm handling a federal investigation into the fraudulent practices of David J Stern and the Law Offices of David J Ster,.
This is what we had published:
First I commend you and Carol on the exceptional work you have done in the defense of the victims of what is without doubt the largest Ponzi Scheme in our nations history.
Trust me, watch Bill McCollum very closely, as he holds the key to completely selling out our dreams. If this career politician decides to represent that all of our allegations are mere technicalities, that the bank are now working to correct these, then I can gurantee you that federal legislation will “appear” retroactively protecting the banks from any and all risk of damages!
As for President Obama and his staff, they are too pathetic to comment on. We are now going into two years of his “Yes we Can Campaign” and yet we have not seen one conviction related to the largest Ponzi Scheme in the nations history.
When Attorney Generals across the nation asked for a national moratorium, Obama’s staff response was: allow the banks to “cure” (in other words make believe you fix the fraud and we will make it legally right for you) the “mistakes” all while speeding up the foreclosure process to full speed ahead. Let us not forget that this brain dead President will soon have the intestinal fortitude to ask the tax payers for an additional 300 billion,or more of tax payer dollars, for Fannie Mae and Freddie Mac, all while he throws the tax payers to the streets!
My wife and I have been fighting against the Foreclosure mill of David J Stern since 2005; exposing his fraudulent assignment of mortgages, his fraudulent affidavits in support of Summary Judgments and their straw buyers through fraudulent REO sales. We were also the first to provide the Stern Whistle Blowers which eventually led to the depositions that now abound on the internet.
Yet, last week, on October 28, 2010, our house was sold at auction to the plaintiff for $100.00, wow what a surprise! We relied on the FL Attorney General, as we currently have a criminal affidavit against David J Stern and the Law Offices of David J Stern that is being investigated by the FL AG Office. We have nothing but praise for June Clarkson and Theresa Edwards of the FL AG Economics Crime Division, yet when it comes to Bill McCollum, WATCH OUT, we will soon be explaining why in a national expose.
The important issue here is that, all of us, as the vanguard of the TRUE Mortagge Fraud resistance movement in this nation, we ought not and will not allow the FL Attorney General to attempt to turn blatant criminal fraud into simple malfeasance. This we aver is the true intention of this Attorney General! It is so obvious when you see that other Attorney Generals across this country have accomplished 500% more for their constituents than McCollum has, although he has all of the most vital intelligence evidence to work with provided to him by attornets across Florida. This is not simply caution by the FL AG’s office, this is carefully planned deceit!
We need to work together to expose this fraud before it manifests, placing our common struggles at the very point where we initially started!
God Bless America!
Nelson J. Velardo
President of Americans United for Justice dot org
http://www.americansunitedforjustice.org
president@americansunitedforjustice.org
Law Offices of Daneil C. Consuegra / Florida Bar Number 371300. Offices are located at 9204 King Palm Drive, Tampa, Fl 33619-1328. Their practices mirror that of the Stern Group. No one seems to have caught on yet. Robo-signers, fabrication of documents, etc.
” The Stern law firm has been at the center of allegations by the Florida Attorney General’s Office of improper foreclosure practices”
YEA RIGHT! MCcullum is doing NADA, ZIP, ZERO! He’s a worthless POC!
this guy in Sedona, AZ is putting up a fight. leading by example.
google= Oct 29, 2010 Sedona biz Brosnahan
I was hoping that the investigation into Marshall Watson would be of some assistance to me in my effort to save my house. They are the attorney for Select Portfolio Servicing, which is the company I had to deal with. I went to the NACA event and got no help at all because they do not have an agreement with SPS. I lost my house at auction on Sept.30, the day after I returned from my sister’s funeral. We declared bankruptcy and go to bk court Nov.10. We had to do a chapter 7 because we cannot afford the payments on a 13. We were way behind because SPS refused to negotiate for so long. We were in a HAMP trial mid and they took 2 payments and then refused the third saying we don’t have the income to qualify. However, if they’d negotiated with us long ago we would not have such a delinquency.SPS purchased the home at auction for $108,000., significantly less than we owe but about what it’s worth. I do not know if thy even had the note. The original lender sold it to them soon after closing. Now just today I received a letter from SPS inviting me to an HAMP event in West Palm on 11-16.
I did not discover this site until a couple weeks ago, unfortunately. Btw, I am physically disabled and that’s the biggest reason for my financial trouble. Did SPS just send me a form letter by mistake or is there any chance in the world that there’s something ‘i can do with this? I as going to have my mortgage audited for free through a consumer group NACA recommended but they ran out of government money and are now charging and I don’t have it or money for a lawyer,which it seemed was the only way I could do anything. Anybody have any info on the latest with the Marshall Watson investigation or on SPS and their practices and on my question about if there could still be any thing I could possibly do? Thanks. Deni
they are only a collection co. they are not suppose to forclose on anyone,they are illegely taking famelys homes,they have been in alot of lawsuites for years for mortgage servicing fraud and illegal forclosures the FTC has sued them hud and att generals in all states,this makes me sick why arent they in jail by now?
Conrad Black went to jail for getting caught trying to remove files.
Someone has better get over there with a camera. This is much bigger.
jal
For purely selfish reasons, to answer your last question – Albertelli Law is flying under the radar and needs some exposure as like you said, they are ALL doing the same thing.
Any Stern employees reading this, I’d like to interview you for jobs we have working for the light side. Send me your resume to my email addy and contact info! i don’t need a reference, just your skills!
RHODE ISLAND ATTORNEY GENERALS OFFICE WILL NOT BE INVESTIGATING ALLEGATION OF FRAUD ON FORECLOSURES & ROBO-SIGNERS!
I was told today that the office of Rhode Islands Attorney General will not be investigating Allegation of Mortgage Fraud by Robo-Signers in which they told the press they were on board and we have proof of wrongdoing on Mortgage Assignments and Affadavits that will prove that these recordings have robo wriiten all over them yet now the Attorney Generals office Heather McLaughlin Director of Consumer Unit announces that they are to busy to investigate fraud committed on our citizens of Rhode Island! Shame on all of you as you are lucky to be that busy as thousands of Rhode Islanders would be willing to take your jobs that are losing their homes daily in a state that is non-judicial and can take peoples homes without even a court hearing.
KimThomas, on October 24, 2010 at 2:58 pm Said:
http://www.projo.com/economy/Fighting_Foreclosure_10-24-10_7FIGCK5_v36.503440.html#
Attorney General needed with Heart & Bravery to put and end to this corruption once and for all.This is Our Country and State.Just want to get paid go to Washington.
I wonder how many more attorney generals will feel the heat from the banks and wall street. k3
Lets all cry a river for these soon to be unemployed people. The evil side of me wants them to know what the other side of foreclosure is. They need to know the pain and suffering they have caused by their illegal acts. Then the another side of me is hoping that these people can get a conscience and start talking about the horrible things they did to people. But then these same people may be hired by other laws firms that are now going to be handling these cases. Time will tell.
I think they are recovering their files so:
A) They can correct affidavits and assignments contained in them, before they become public or are filed in court.
B) So the files will not be there when the feds take over the place and lock it down for criminal evidence.
C) To hide the relationship between plaintiffs, the law firm and the out side actors like LPS and other document “services” operations.
D) To prevent discovery of just how massive the fraud is, and how much the attorneys and plaintiffs new about it, and what they did to try and hide it. All that is probably in the files.
The files probably implicate various “plaintiff” entities and “trustees” who are attempting to foreclose on these government backed loans, just as much the documents and records in the files would implicate the lawyers.
Anyone tune into CNBC today? Very interesting talk by fianancial/economic experts about QE2. Looks like the FED AND THE TREAS (Bernanke and Geithner) are about to implode under the weight of the nations debt. The experts stated that GDP cannot come close to the debt these idiots have let WALL STREET AND THE BANSTER CROOKS create. QE2 is just another ploy by the FED and the TREAS to pump more fake money into the system to try and prop up the U.S. in the eyes of the world. They need to come clean and admit that a consumer based economy cannot be sustained. All of the fake money they can create cannot paper over the real story, this country is BANKRUPT and about to financially collapse. How else can they explain the no jobs, no lending to Main Street. The nation is busted flat broke on its ass. Their too big to fail plan is about to explode in their faces. FEED THE RICH STARVE THE POOR DOES NOT WORK. PEOPLE NEED TO BE KEPT IN THEIR HOMES. They need to be given a payment they can afford and we need to create a new economy based on producing goods, not just consuming goods. If the Government does not do this, we weill become nothing more than a third world country with people living in tent cities. Obama needs to stop letting Congress, the treas and the FED and China dictate our countries policies. The whole worlds economy depends on our ability to consume and with no jobs the entire world economic landscape will implode along with us. AS THE MIDDLE CLASS GOES, SO GOES THE COUNTRY.
makes you wonder what the really big crooks at Fannie and Freddie (who caused most of this whole mess, got big bonuses, and then left–one works in the White House right now) think of these rank amateurs at Stern.
Is the removal of these files is a criminal offense as the supena issued by the FL Attorney General demanded an accounting of all document and freezing them from, at least my understanding, from being removed from the premise. I remember there being some mention in a deposition that they were being removed in an 18 wheeler/trailer and that was making away with the evidence by admission. If this is the case is the Attorney General going to do something or is he in on this as well?
I think not so small dianacessna. 6 months ago there wasn’t even a direction that the Govt. was starting at looking in. Now, there’s a start and some action and that’s something. I think everybody involved (on this side of the fence) should feel good about this. Although uncontrollable laughter my be just a bit over the top… it’s still a victory in the fight and Hey, we may be deadbeats… but we gotta feel good sometimes too …
OK, that’s enough warm and fuzzy…. back to work! John R.
Guess they want to correct their own docs…
Does anyone know or have info on the following? IMH asset corp collateralized asset-backed bonds, series 2003-9F and ICIFC secured assets corp. mortgage pass-through certificates series 1997-3?
Much appreciated….
No, but I do know someone who does know and find out all the information you need on them. Message me at: wofoneals@bellsouth.net
You should go after the Shapiro bunch next. Crooks, I tell you…….
They’re seizing the paperwork to destroy evidence. This is a crime scene. Shouldn’t law inforcement step in or are they in on it
I agree, I their schreders are going a mile a minute. They are covering their asses. k3
@Capt. Jack I’ ll drive with you….. They’re just doing this because they got caught on a scheme they were down with from the very beginning.
Its amazing how many of those “deadbeats” are already in foreclosure!
Poor baby’s they’ll be just fine.
All they want to do is throw Stern under the bus since he got busted and they need a fall guy. Fannie and Freddie need to throw themselves under the bus as well. I’ll drive.
Call it Karma starting to come around.
The deadbeat part made me laugh, I think you are very funny.
I think we should welcome them to that hamlet site, I know Lisa will welcome them with that big bleeding heart she wears, after all they are now deadbeats, right?
Plus I need some inside secrets from the all those new deadbeats. I am getting a lien ready to be placed on David `s home and on the boat etc.
Mario,
Good job and if I can do anything let me know.Best and hope all is well with you.
Small battle won here but not the war, Keep Fighting!