You might recall the name David J. Stern, and I do not mean the NBA Commissioner. Mr. Stern was one of the nation's leading foreclosure attorneys (representing the banks) based here in Florida, before he shut down his foreclosure operations in March 2011 after facing heightened regulatory scrutiny for his practices. Mr. Stern and his law firm were being accused of fraudulently foreclosing on thousands of Florida homes.
Now, Stern's former company, DJSP Enterprises, is blaming him for a number of deceitful practices, including the now well known "cost cutting" measures referred to as robo-signing. Robo-signing came to light a few years ago and is the process where employees sign documents without reading them. Stern is also accused of allowing employees to submit false or backdated documents to courts. Both practices are illegal and led to a brief halt of foreclosure filings when first discovered.
DJSP Enterprises, which now owns much of Stern's former operations, is suing him for fraud and seeking damages. At its height in 2009, Stern's law firm handled twenty percent of all foreclosures in Florida. The firm is now under investigation as many of those foreclosures were the result of fraudulent documents.
Fraudulent documents are a huge problem and make foreclosing on a home very problematic for banks. It is difficult to know if a document is fraudulent, and a qualified Jacksonville Foreclosure Attorney can help you defend against a foreclosure. Even if there are no fraudulent documents involved in your case, you still have rights and should not face foreclosure without legal representation. Contact a Jacksonville Foreclosure Defense Attorney to review your options.
