Stern Foreclosure Mill Closing

March 7, 2011 2:52pm by Barry Ritholtz

All around douchebag and future graybar hotel resident David J. Stern is closing shop, according to the Florida Sun Sentinel:

“The once powerful Plantation law firm of “foreclosure king” David J. Stern will shutter its doors March 31 amid an investigation into whether it filed fraudulent paperwork in home repossession cases.

DJSP Enterprises, the publicly traded firm that handled Stern’s back-office paperwork, filed a disclosure Monday morning with the Securities and Exchange Commission that the law firm would be closing.

“DJSP Enterprises, Inc.’s (the “Company’s”) primary customer, the Law Offices of David J. Stern, P.A., has announced that it will be ceasing the practice of law with respect to all pending foreclosure matters in the State of Florida as of March 31, 2011. As a result, the Company does not expect to receive any further file referrals from this customer,” DJSP said in the SEC filing.

Good riddance! Here’s rooting for your first cell to be near some Felon who lost his house to your firm . . .

Hat tip Peter W

Source:
David Stern foreclosure firm closing at end of month
Peter Franceschina
Sun Sentinel, 1:09 p.m. EST, March 7, 2011
http://www.sun-sentinel.com/news/broward/fl-foreclosure-david-stern-law-firm-c20110307,0,7767730.story

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