David J. Stern to shut foreclosure practice

by Paola Iuspa-Abbott
piuspa@alm.com

This article is reprinted with permission from the Daily Business Review.

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According to a SEC filing form 8K on February 15, 2011, the Company’s subsidiary, DJS Processing, LLC, informed affected employees of an immediate reduction in its total work force by 90 employees.

A few days after on February 18, 2011, the Florida SunSentinel broke news that David J. Stern is unloading his Hillsboro Beach Estate up for sale along with perhaps his mega yacht called  ‘MisUnderstood”.

from the Sentinel:

What is reported to be Stern’s 130-foot yacht, Misunderstood, is listed for sale for $18 million at The Yacht & Brokerage Show on Miami Beach. The side-by-side properties on Hillsboro Beach are listed for a total of nearly $20 million. And a vacation chalet outside the ski-resort town of Vail, Colo., has been for sale for $6.9 million since last year.

Posted by permission: This article comes from consumer/personal finance site moneytalksnews.com

By Stacy Johnson |

Foreclosure Mess: More Shoes to Drop?

This article comes from consumer/personal finance site moneytalksnews.com

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