What’s even more amazing is that this law firm is still in GOOD…yes GOOD standing with the Florida bar! But we all know exactly what’s going on here.

So how are the cases getting by if the original documents needed are being held hostage? Hmmm

Palm Beach Post-

The so-called foreclosure king of Florida knew his reign was over four months before his law firm’s doors would officially shutter.

“There’s nothing left for you here. There’s nothing left for me here. We’re done. And that’s the end of the story,” one of David J. Stern’s chief employees remembers him telling her in November 2010, according to her deposition.

The conversation followed what Stern characterized in his own deposition as the “unexpected catastrophic event” of being fired by the two biggest clients of his massive home repossession empire.

On March 31, 2011, he closed the firm, leaving as many as 100,000 Florida foreclosures, or nearly a third of the state’s backlog, in limbo.

A year later, thousands of his company’s former cases are still sputtering through the courts, sometimes stalled as new attorneys get their bearings or even dismissed so fresh paperwork can be filed, foreclosure defense attorneys say.

In fact, in the year since the epic collapse of Stern’s firm, much is unresolved.

• Despite 377 complaints to the Florida Bar related to foreclosure fraud, not a single attorney has been sanctioned. Stern remains a member in good standing.
• The attorney general’s investigation into foreclosure mills withered this year when the state’s power to subpoena them was quashed.
• A required mediation program ordered by the Florida Supreme Court for lenders and homeowners died in December after a lack of participation and cooperation rendered negotiations impotent.

And the 368,000-case backlog in the state’s foreclosure courts has grown as the Stern firm’s wayward files added to the logjam, some attorneys said.

“Let’s face it …

[PALM BEACH POST]

Comments

comments