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Florida attorney may be disbarred due to foreclosure "tsunami"
Source: Reuters
Florida attorney may be disbarred due to foreclosure "tsunami"
By Barbara Liston
ORLANDO, Florida | Fri Nov 1, 2013 5:06pm EDT
(Reuters) - A Florida lawyer known as the "foreclosure king" who allegedly left a string of fraudulent legal documents and more than 100,000 abandoned court cases in his wake is facing disbarment as a result of a court ruling this week.
A referee for the Florida Supreme Court issued a recommendation this week that David J. Stern of Plantation in south Florida be stripped of his license to practice law. The Supreme Court typically follows its referees' recommendations, a Florida Bar spokeswoman told Reuters.
Stern's law firm handled approximately 20 percent of the foreclosures in Florida in 2009 at the peak of the housing crisis on behalf of Citibank, Bank of America, Fannie Mae and other major national lenders.
The firm raked in millions of dollars in fees but his tactics caused "massive and irreconcilable damage to the entire court system," according to a complaint filed in April by the Florida Bar.
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By Barbara Liston
ORLANDO, Florida | Fri Nov 1, 2013 5:06pm EDT
(Reuters) - A Florida lawyer known as the "foreclosure king" who allegedly left a string of fraudulent legal documents and more than 100,000 abandoned court cases in his wake is facing disbarment as a result of a court ruling this week.
A referee for the Florida Supreme Court issued a recommendation this week that David J. Stern of Plantation in south Florida be stripped of his license to practice law. The Supreme Court typically follows its referees' recommendations, a Florida Bar spokeswoman told Reuters.
Stern's law firm handled approximately 20 percent of the foreclosures in Florida in 2009 at the peak of the housing crisis on behalf of Citibank, Bank of America, Fannie Mae and other major national lenders.
The firm raked in millions of dollars in fees but his tactics caused "massive and irreconcilable damage to the entire court system," according to a complaint filed in April by the Florida Bar.
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Read more: http://www.reuters.com/article/2013/11/01/us-usa-florida-foreclosures-idUSBRE9A011620131101
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