Posted on 07/24/2010 2:14:48 PM PDT by Chunga85
In South Florida, a foreclosure defense lawyer discovered more than 20 mortgage documents submitted by Stern’s firm that bore notary seals that did not exist at the time the documents supposedly were notarized. The Florida Bar reprimanded Stern in 2002 for overcharging and misleading clients, and is now considering a complaint questioning whether he should be allowed to farm out so much of his firm’s business to nonlawyers. Stern declined to be interviewed for this story. By 1999, Stern’s firm represented banks in foreclosure actions against more than 10,000 homeowners, according to records in a class action lawsuit filed in federal court in Tallahassee. The suit alleged that the firm overcharged homeowners for title searches, postage and other expenses, then submitted “false and fraudulent” invoices to support the charges. The case was closed in 2000 with Stern agreeing to pay a total of $2.1 million to homeowners. He next drew scrutiny from the Florida Bar over complaints that his firm had misled its own clients as well as borrowers. more from the St Pete Times… The St Pete Times article is somewhat incorrect, they state that ”Stern himself is something of an enigma. Other than references to his law firm and a sketchy biography, there is almost nothing on the Internet about him (David J. Stern). No photos are available“.
(Excerpt) Read more at stopforeclosurefraud.com ...
Martha Stewart spent time in the pokey for much less.
We will all face Judgment Day. No amount of penance will change the color of Mr. Stern's Black Heart.
Stern is a POS but so is Martha. She is a huge Dem and she DID engage in insider trading. She was a penny stock broker years ago.
South Florida foreclosure lawyer sued over steep drop in stock price
By Susan Taylor Martin, Times senior correspondent
In Print: Saturday, July 24, 2010
snip>
Broward County attorney David J. Stern, whose law firm handles 20 percent of all foreclosure cases against Florida homeowners, is being sued himself.
In a complaint filed this week in federal court in Fort Lauderdale, two Ohio residents allege that Stern and DJSP Enterprises, a public company that gets most of its business from Stern’s firm, “materially misled’’ them and other investors about the company’s revenue prospects.
Specifically, the suit states, Stern and DJSP were slow to disclose a “substantial decrease’’ in foreclosure cases referred to Stern’s firm by one of its bank clients in April and May.
That drop, along with a slowdown in foreclosures because of government loan modification programs, led to lower-than-expected earnings forecast for DJSP and a nearly 29 percent plunge in its stock price in a single day, the suit states.
The 50-year-old Stern did not respond to a request for comment.
snip>
Read more here: http://www.tampabay.com/news/south-florida-foreclosure-lawyer-sued-over-steep-drop-in-stock-price/1110704
It seems he has the same disregard for homeowners rights as he does for his investors.
I hope to live to see the day his empire collapses.
bttt
Here is the correct link:
http://stopforeclosurefraud.com/2010/07/22/florida-foreclosure-lawyer-david-j-stern-djsp-%E2%80%98su-casa-es-mi-casa%E2%80%99-your-house-is-my-house-exclusive-see-his-photos/
no need to thank me.
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