David J. Stern Employs Gigantic Balls and Asks for Money in Possibly Shady Cases His Firm Handled
Stern, behind those handsome glasses, says he's owed big from his former clients.
Imagine the audacity of running a law firm like a mortgage document factory, with employees who routinely pushed through foreclosure documents without checking to be sure the homeowners even knew it was coming.
Then, after the whole firm come crumbing down in accusations of malfeasance, imagine the giant brass balls it'd take to sue the very banks the firm allegedly cheated by filing bogus paperwork.
That's what appears to have happened in the David J.
Stern saga. First, his former employees testified about the paperwork shortcuts they say they took, including falsifying documents meant to protect members of the military from having their homes foreclosed while they're off fighting a war. Now Stern has turned around and sued the banks that used to employ his firm, claiming they owe him millions.
As first reported by housingwire.com, Stern sued Bank of America and its paperwork subsidiary for $10.7 million, Aurora Loan Services for $5.3 million, Citigroup for $4.4 million, Nationstar Mortgage for $386,175, and the government-controlled Freddie Mac for $1.3 million.
That's $22 million Stern says he's owed on mortgage cases that may or may not have been filed with paperwork that breaks all kinds of state and federal laws. Homeowners may have been forced out of properties without being notified. Members of the military over killing, say, Osama Bin Laden could've had their homes foreclosed while they were on a helicopter flying into Pakistan. But sure, Stern's firm, which he's the sole partner of, deserves some dough.
What's Stern have to say about it? Nothing so far. The formerly big-spending attorney has declined to give interviews, and a woman who answered his cell phone Wednesday said "Can't help you" before hanging up.
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