South Florida Business Journal-
Recent documents filed in lawsuits surrounding the collapse of David J. Stern’s foreclosure law firm describe the fees that his company DJSP received per case.
DJSP was a spinoff from Stern’s law firm; it briefly became a public company with outside investors. Stern was an executive with the company, and its sole business was handing paperwork and processing for Stern’s heavy volume of foreclosure cases.
DJSP was paid about $1,000 per foreclosure case as a processing fee, and $400 as an access fee. There were other processing fees for bankruptcies and evictions. Bankruptcies were $14 more expensive if in Puerto Rico.
[SOUTH FLORIDA BUSINESS JOURNAL]
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