Law Suits & Courts

David Stern strikes back, sues banks

Posted on Monday, April 4, 2011

Embattled foreclosure attorney David J. Stern has filed about $15 million in claims against eight lenders he formerly represented.
Stern recently filed eight lawsuits in Miami-Dade and Broward counties against the very lenders that once hired him to handled tens of thousands of foreclosures.
The lenders are GMAC Mortgage LLC, U.S. Bank, MetLife Bank, Space Coast Credit Union, Chase Home Finance LLC, Ocwen Loan Servicing, Nationstar Mortgage LLC and PNC Bank.
The complaint against GMAC alleges that the mortgage company breached its contract with Stern to the tune of $6 million when it stopped using his services.
The companies abandoned Stern after he fell under investigation by the Florida attorney general for alleged robo-signing practices and for allegedly falsifying documents in the foreclosure process.
Stern has since announced that his law firm is closing.
Attempts to reach the lenders for comment were not immediately successful.
Stern’s Miami attorney, Jeffrey Tew of Tew Cardenas LLP, declined to comment.
South Florida Business Journal

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