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.
Follow The Pulp on Facebook and on Twitter: @ThePulpBPB. Follow Eric Barton on Twitter: @ericbarton.
