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Monday, January 26, 2009

Law Firms Cash In On Foreclosures, The Law Offices of David J. Stern In Plantation Fl Leads the Pack, What is Their Deal ?


Law Firms Cash In On Foreclosures, The Law Offices of David J. Stern of Plantation Fl Leads the Pack, What is Their Deal ?

Their work can be so repetitive that some are known disparagingly as "foreclosure mills."  But the niche field of foreclosure law is profiting enormously from the boom in Florida home foreclosures and is on a hiring spree.

"As you know, Florida has very high foreclosure rates because of the boom in real estate in Sarasota and in Tampa," said Ken Goins, chief executive of foreclosure processing firm Prommis Solutions, which is seeking to expand into Florida. Prommis Solutions is owned by Boston private equity firm Great Hill Partners.

Over the years, foreclosure firms have adopted an assembly-line approach to filing and following mortgage foreclosures as they work their way through the court system, said Susan Etheridge, whose legal recruiting and consulting firm, Professional Placement Services, helps foreclosure firms with their efficiency (or not).

But the firms' efficiency is being put to the test under the current flood of foreclosures. To determine which law firms are filing the most foreclosures, the Tampa Tribune analyzed 1,734 lis pendens documents filed in Hillsborough County's circuit civil and county civil court divisions.

The Law Offices of Daniel J. Stern of Plantation filed at least 263 foreclosure suits, a lawyer in Stern's office declined comment, saying the firm's financial service clients request that Stern not speak with the media.

David J. Stern has reason to not speak to the Media, a search of Public Records in the Broward County Clerk's Office located several cases were David J. Stern or his law offices is listed as the Defendant in Lawsuits;
COLLETTI INVESTMENTS INC vs LAW OFFICES OF DAVID J. STERN and
DAVID J. STERN as an individual.
Filing Date: 08/15/2008
Broward County Case Number: CACE 08 038170
CONTRACT INDEBTEDNESS

From Open Court Records of the Supreme Court of Florida there is a current ongoing Legal Malpractice case were The Law Office of David J. Stern is the Defendant;
4th DCA CASE NO.: 4D04-776

Legal malpractice action against the Law Offices of David J. Stern (“Stern”).

From the Public Records of the Florida Bar on the Law Offices of David J Stern PA 900 S Pine Island Rd Ste 400, Plantation, Florida 33324, there is a "Public Reprimand", see info below;
Action Date........Reference........"
Public Reprimand"
10-24-2002.........
199850098

Public records documents on this case are available by emailing The Florida Bar at lrinfo@flabar.org. We will furnish public documents relating to the attorney's discipline by email.

Bill Warner
Private Investigator
WBI Inc Private Detective Agency
Sarasota Fl