Posts Tagged ‘David Stern’

The Real ‘Miami Zombie’ — David Stern!

Tuesday, June 5th, 2012

Rudy EugeneWe’ve all heard by now of the unbelievably grizzly story out of Miami about Rudy Eugene, the man so off his gourd that he ate a man’s face off.

Somewhere along the line this horrific attack became the source of comic fodder. Eugene’s been dubbed “The Miami Zombie,” and yes he even has a Twitter account.

But I might argue that there is another man worthy of that title, and his crimes, while not as physically grotesque, are none the less revolting.

I am talking about David J. Stern. The actions of Stern and his firm are continuing to have an impact on my cases, and over a year after his firm closed, the lasting effects of its shady practices are still reverberating throughout Florida.

A revised class action lawsuit was filed last week against Stern, his former CFO and the law firm he founded by two hedge funds who are accusing Stern of ripping them off.

So not only do we have a story about zombies, but we have cannibals to boot! The people who once trusted Stern have turned on him, and once again we have the banks ‘eating’ their own!

Read the gory details here.

The former head of one of largest foreclosure mills already had a less than sterling reputation, but after reading the latest allegations against Stern and his cohorts at DJSP Enterprises, Inc., I’d (playfully) argue he really is a zombie, because how he ripped off countless homeowners is TRULY disgusting and his actions continue to harm homeowners to this day.
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Landmark Foreclosure Case Goes Before Florida Supreme Court; Has Banks Terrified

Wednesday, May 9th, 2012

The banks are terrified they might actually be held accountable for their actions!

If you haven’t already heard, there is a monumental case that was heard Thursday morning in the Florida Supreme Court, and every single homeowner should be paying close attention to this case.

To watch a replay of the oral arguments, please click here.

The case is Roman Pino vs. Bank of New York. It involves all the customary fraud I have seen in countless cases.

Missing documents, fraudulent assignments, fraudulents notaries, and forged documents, and a bank once again trying to shuffle it’s dirty deeds under the rug like loose dirt.

When Bank of New York first tried to foreclose on Pino, a regular working guy from Greenacres who fell behind on his mortgage when his business dried up, there was no assignment of mortgage.

So Bank Of New York’s lawyers tried to re-file with a new assignment, one which was fraudulently backdated (AKA robosigned).

The bank’s original lawyers, by the way, were from David J. Stern’s office. You know their story.

When our good friend and colleague Tom Ice, Pino’s lawyer, challenged the documents, Bank of New York suddenly decided they didn’t want to foreclosure anymore, dropped their lawsuit and scurried back into their hole.

End of the story??

Not even close. Ice continued to dog Bank of New York like a pitbull, because he, believe it or not, also thinks the banks need to actually be held accountable! (Remarkable I know.)

He tried to have the voluntary dismissal overturned, so that Bank of New York could face sanctions for the forged documents they tried to use to swindle Roman Pino and the court.
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Friday Round-Up; Budget Cuts Cripple Foreclosure Docket; Whistleblower Gets $18 mil; Stern Employees Settle

Friday, March 16th, 2012

cowboy lassoClerks of court warn budget cuts will delay filings

Just as I had predicted (and feared) now that the Florida legislature has passed a 7% budget cut to the state’s Clerk of Courts, officials from those offices are already warning of a major slowdown at courthouses across the state.

Case filings may now take weeks instead of days. Hearings may be delayed.

For people who have foreclosure cases before the court, don’t expect a return to the ‘rocket docket’ days.

Even though the state is giving the foreclosure docket a one-time $2 million allocation to hire more judges and caseworkers specifically to handle the foreclosure backlog, it will do little to fill in the gaps caused by the budget cuts.

For example in Palm Beach County, Clerk and Comptroller Sharon Bock said she is losing $2.5 million from her budget, but getting back just 200K. She added they’re expected to lose 55 jobs in that office, but will only be able to hire an additional 4 people for foreclosure cases.

So she’ll be able to hire more judges, but the Clerks Office won’t have anyone to process the titles for all these new foreclosures the state will now try to push through!!!

Palm Beach Gardens homeowner gets $18 million in foreclosure settlement

One of the little tidbits that came out of the finalizing of the settlement with the Attorneys General was that one homeowner in Palm Beach Gardens getting a little more financial relief than she ever expected.

$18 million dollars to be exact .

Now Lynn Szymoniak is no average homeowner. She’s a foreclosure fighter whose own personal investigation into the banks led to many of the industry changes that are being implemented by the settlement.
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Friday Round-Up; Still No Settlement; Schneiderman Looks at REMICs, Judge Loses Cancer Battle

Friday, March 2nd, 2012

Will Schneiderman bring down the banks the same way the Feds nabbed Al Capone?

Big Foreclosure Settlement Still Not Really, Truly, Finally Done

And here we go again. Last month I wondered when we were going to see the documentation behind the ‘$25 billion’ mortgage settlement. Despite the massive action this settlement is now supposedly leading to, there didn’t seem to be a huge rush to get the deal finalized.

The same day I posted my blog it was reported that prosecutors would likely be filing the documents in the courts by the end of the month.

Well February has come and gone, and it appears we’re no closer to seeing the final settlement document. March has started more like a lamb then a lion.

Just as it did when it went up last month, the government’s settlement website still says coming soon where the document should be.

HUD secretary Shaun Donovan told the Senate Housing Committee Tuesday that they shouldn’t worry, that there were just a few i’s to be dotted and a few t’s to be crossed.

Uh huh. Isn’t that what they said the last time? Until the settlement is signed, sealed and delivered, there will still be lingering doubt about it’s language.

Schneiderman Could Focus on REMICs

We’re still seeing just how Eric Schneiderman’s RMBS working group will come together. Today it was reported that Congressman Brad Miller will not become it’s staff director, as the group is seeking an “experienced prosecutor for the job”.

But Chris Whalen of HousingWire offered his idea on how Schneiderman will go after the banks, and as I have also speculated, he believes its tax fraud that could ultimately bring them down.
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