Matt Weidner – Fighting With The American People

Posts Tagged ‘Law Offices of David Stern’

First reported by 4closurefraud, I post below a stunning and mind-blowing class action lawsuit that was just filed against the Law Offices of David J. Stern, David J. Stern individually and MERSCorp. The lawsuit is stunning both in the allegations made and the detail that describes the collapse of the entire American financial markets and widespread the destruction of property rights across this country.

More will be detailed about this lawsuit in months to come.   For now, I encourage everyone to read this lawsuit carefully and share this lawsuit with judges, reporters and policy makers.  The lawsuit articulates many of the suspicions and the greatest fears held by many but who are unable to put those fears into words.  I give real credit to the courageous attorney who took on this effort and encourage all those who are in the fight to protect and defend our courts to support this effort.

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First reported on 4closurefraud.org I wanted to share with everyone a major development that has implications for the entire foreclosure industry–a brand new federal lawsuit against David Stern and DJSP, David J Stern Enterprises.  The attached lawsuit, filed in Federal Court for the Southern District of Florida just yesterday details 30 pages worth of very troubling allegations against the principals of one of the largest foreclosure mills in the country.

The allegations are just that…allegations, but if they are proven true and if the exceptionally detailed statements were relied upon by major financial players who invested in DJSP….there’s probably some kind of trouble.  Read the complaint in its entirety.  Take each statement and allegation and ask, “What does it mean if just one of the allegations are true?”

And for the hundreds of thousands of homeowners across this state that have been victimized by the (ahem) Law Offices of David Stern….and for the judges all across this state that have been inundated by foreclosure slop from the (ahem) Law Offices of David Stern…what would proof that these allegations are correct mean?

I have the distinct feeling that this is just the beginning…..reading the very specific allegations made simply confirms my suspicions that something is very wrong in the Twilight Zone world that must be the (ahem) Law Offices of David Stern…It’s a sad commentary that abuses of court process and homeowners is tolerated and that it apparently takes abusing rich and powerful investors before real attention is paid to one’s wrongdoing, but at least some are standing up to take notice…..Read below and stay tuned!

sternlawsuit

I’ve been very clear for years that the work product out of the (ahem) Law Offices of David Stern is about the worst, most unprofessional foreclosure mill in the State of Florida. (I say “ahem” because I just don’t believe there’s much to the “Law Offices of David J. Stern” and that the real operation is “DJSP”, David J Stern Enterprises, the “non-legal” back end of the foreclosure mill.)

My friends over at 4closurefraud just posted the latest, greatest good post that documents just some of the absurd work and facially questionable documents that come out of their office.  Take a hop on over to their site and read the latest post about DJSP.

Next, read the transcript posted here for an in-depth look into the weird twilight zone world of document preparation and notary work at The Law Office of David Stern…it promises to blow your mind.  We’ve read depositions of one of Stern’s other robo-signers, Cheryl Sammons, but this one is even better!

Keep a close eye on DJSP!

Just this morning, MarketWatch announced that DJSP, the word processor behind the Law Offices of David Stern, has added another powerful player to their stellar management team….read the announcement here.

Let’s all keep a close eye on this stock!  I just cannot understand how a law office can become a publicly traded company and think this presents many issues of conflict and violation of Bar Rules, but that’s for the Bar to sort out.  I understand the fiction created here is that this publicly traded company:

“is the largest provider of processing services for the mortgage and real estate industries in Florida and one of the largest in the United States. The Company provides a wide range of processing services in connection with mortgages, mortgage defaults, title searches and abstracts, REO (bank-owned) properties, loan modifications, title insurance, loss mitigation, bankruptcy, related litigation and other services. The Company’s principal customer is the Law Offices of David J. Stern, P.A., whose clients include all of the top 10 and 17 of the top 20 mortgage servicers in the United States, many of which have been customers for more than 10 years.”

But exactly where is the line drawn between the practice of law and “processing services”?  Perhaps someone with authority will help to define this at some point in time in the future.  In the meantime, consider how to incorporate the fact that when you’re defending against a foreclosure, much of the work on the opposing side is merely….”processing services”….food for thought.