On the heels of allegations of "robo-signing", an investigation by the Florida Attorney General's Office, sworn statements from former employees about the unscrupulous internal system designed to speed up foreclosures and an announcement by mortgage giants Fannie Mae and Freddie Mac that they were no longer referring cases to them, the Law Offices of David J. Stern has been forced to substantially reduce its staff, with some estimates being that over half of the firm's employees have been laid off!
In a statement from Jeffery Tew, a lawyer representing the firm, Tew stated "there's been a substantial reduction in staff, it started happening over the past few weeks and many employees received notice today (November 4th)." Before the allegations of improper foreclosure processes arose and the subsequent layoffs, the Florida foreclosure mill was one of the largest foreclosure firms in the nation. While there are no public figures available, firm was believed to have employed 1,000 people, including attorneys and support staff.
While the Law Offices of David J. Stern is losing casework and reducing staff, those cases are being referred to other Florida Foreclosure Mills. If you were facing a Florida Foreclosure Lawsuit from the Law Offices of David J. Stern it is in your best interest to contact a Jacksonville Foreclosure Lawyer or a Florida Foreclosure Defense Lawyer today for a consultation.
