Yet another....

[Aviation Pro]

...motherfucker profits off of the economic woes of the middle-class. Let me ask you, fuckwit Stern, how closely do you know the servants who cater to you? If I were you I'd extend my 20-hour days (cough - bullshit - cough) to 24.

September 4, 2010

High-Speed Courts Try to Rush Through Foreclosures

By GRETCHEN MORGENSON and GERALDINE FABRIKANT

TEN days from now, a four-bedroom house on a cul-de-sac in Middleburg, Fla., is scheduled to be auctioned off at the Clay County courthouse, 25 miles south of Jacksonville.

A judge who recently took over their foreclosure case has ordered Rodney Waters; his fiancée, Terri Reese; and their four children to leave the home they bought in 2006.

Mr. Waters, a supervisor at a local packaging company and the family’s sole breadwinner, fell behind on his mortgage two years ago after his property taxes jumped unexpectedly. He now owes $264,000 on the house; a similar home down the street sold for $138,500 in February.

Edited to conform to DU's fair use policy for copyrighted material. Lithos DU Moderator

Earlier this year Mr. Stern, who has profited handsomely from the foreclosure trade, sold the part of his operation that provides support services for his firm’s foreclosure work — DJS Processing — to a public company called the Chardan 2008 China Acquisition Corporation. The processing company and affiliates generated revenue of $260 million in 2009, financial filings show.