Tuesday, June 30, 2009

The Foreclosure Mills of Florida led by The David J. Stern Law Offices.

The Foreclosure Mills of Florida led by The David J. Stern Law Offices.

Recent articles in local Florida newspapers indicate that
In May 2009, the number of foreclosure notices filed in Florida dropped from the April total, but the state is still second among all states in number of filings including foreclosed property units, according to a foreclosure report released this week by California-based real estate research service RealtyTrac.

Florida posted a total of 58,931 filings in May, a rise of 50 percent from May 2008 filings. The total included 39,523 lis pendens; 13,363 notices of foreclosure sales; and 6,045 real estate owned foreclosed property units and leading the pack in the foreclosure biz is the David J. Stern Law Offices of Plantation Fl.

The David J. Stern Law Offices handles the bulk of the Fannie Mae and Freddie Mac foreclosures in Florida, they are also the almost exclusive title agent for new home closing sales for Fannie Mae charging up to $900.00 per closing, this is about 3 times the going rate, they got you coming and going.

The David J. Stern Law Offices is currently the defendant in a massive law suit filed by a Mr. John Krondes who alleges fraudulent and false “Affidavits of Service” by the Law Firm of David J. Stern & ProVest LLC of Tampa, FBI Needs to Investigate another case of “Sewer Service“.

John J. Krondes of Stamford CT filed the massive lawsuit against the Law Firm of David J. Stern and one of the firm's attorneys Karina Musella for Violations of The CT Unfair Trade Practice Act, Fraud, Negligence, Violations of the Fair Debt Collection Practices, Conspiracy, etc, etc. .Mr. Krondes owns a condo in Fort Pierce Fl and states that the Law Firm of David J. Stern is handling many of the Deutsche Bank Foreclosures in Florida, many Deutsche Bank Foreclosures have been thrown out of Court and dismissed for lack of standing and jurisdiction.

Mr. Krondes is seeking from the Law Firm of David J. Stern and Attorney Karina Musella and others "money damages", the Value of the condo $400,000, Interest, Punitive Damages, Emotional Damages, Attorney fees and on and on, 16 money items in all.

Attorney fees for these foreclosure mill attorneys by statute permit 3% of the principal balance as a “reasonable” fee in a foreclosure lawsuit; however, it seems that the foreclosing plaintiff/lenders have found law offices throughout the state that are willing to do the job for a flat fee of $1,200 to $2,400 and from what I’ve seen this doesn’t vary by loan amount.

Specifically, F.S. 702.065(2) reads: In a mortgage foreclosure proceeding, when a default judgment has been entered against the mortgagor and the note or mortgage provides for the award of reasonable attorney’s fees, it is not necessary for the court to hold a hearing or adjudge the requested attorney’s fees to be reasonable if the fees do not exceed 3 percent of the principal amount owed at the time of filing the complaint, even if the note or mortgage does not specify the percentage of the original amount that would be paid as liquidated damages. Such fees constitute liquidated damages in any proceeding to enforce the note or mortgage. This section does not preclude a challenge to the reasonableness of the attorney’s fees.”

Other lawsuits filed against the David J. Stern law office and one of his attorneys, a Billi K. Pollack , include the following Federal Case;
Jenkins v. Deutsche Bank et al
Plaintiff: Lindsay Jenkins
Defendant: Deutsche Bank, National Trust Company,
Billi K. Pollack Attorney, David J Stern, P.A., et al.
Case Number: 1:2007cv22463
Filed: September 19, 2007
Court: Florida Southern District Court (Federal)
Office: Miami Office [
Court Info ]
County: Miami-Dade
Presiding Judge: Judge Alan S. Gold
Nature of Suit: Other Statutes - Other Statutory Actions
Cause: 28:1331 Federal Question
Jurisdiction: Federal Question
Jury Demanded By: Plaintiff

Bill Warner
private investigator