The Florida Supreme Court disbarred Stern in 2014 after finding that he ran a law firm that robo-signed court documents as it filed thousands of foreclosure across the state. The practice allegedly took away the due process rights of many homeowners. In July, Stern said a 2.1-acre site in Hillsboro Beach for $10 million.
Stern was disbarred by the Florida Supreme Court in 2014 for his Plantation-based firm’s alleged misconduct. The company at one time had a caseload of 200,000 foreclosures statewide, swelling Stern’s practice to 1,200 employees during its peak. Once king of foreclosures, David Stern loses money on Hillsboro Beach sale
MOTHER JONES ARTICLES ON STERN; In November 2009, MoJo reporter Andy Kroll received a tip about a little-known yet powerful firm, the Law Offices of David J. Stern, which handled staggering numbers of foreclosures in southeastern Florida—the throbbing heart of nation’s housing crisis.
Once king of foreclosures, David Stern loses money on Hillsboro Beach sale The disbarred lawyer sold the house for $7.5M, after buying it for $8M in 2008 Florida’s former foreclosure king sold a home in Hillsboro Beach at a loss for $7.5 million.
The company at one time had a caseload of 200,000 foreclosures statewide, swelling Stern’s practice to 1,200 employees during its peak. Once king of foreclosures, David Stern loses money on Hillsboro Beach sale The disbarred lawyer sold the house for $7.5M, after buying it for $8M in 2008
On August 10, just days after this story first broke at MotherJones.com, Florida Attorney General Bill McCollum launched an investigation of three of the state’s largest foreclosure firms, including Stern’s, citing dubious paperwork.
Stern was disbarred by the Florida Supreme Court in 2014 for his Plantation-based firm’s alleged misconduct. The company at one time had a caseload of 200,000 foreclosures statewide, swelling Stern’s practice to 1,200 employees during its peak.
The state Supreme Court ruling ordered Stern to close his firm within 30 days. Stern, for his part, seems to have found a new calling after his foreclosure empire crumbled.
The home was built in 1986 and sits on a 1.5-acre lot, according to realtor.com. Records show Stern did not have a homestead exemption on the property, indicating it likely was not his primary residence. Todd Kirkpatrick of Whitaker Real Estate represented the buyer. Michelle Howland of Compass represented the seller.
In 2015, Stern sold his massive Fort Lauderdale mansion at 5 Harborage Isle Drive for $27.5 million. The small town of Hillsboro Beach is home to some of the priciest residential properties in South Florida. In 2017, PatrĂłn Spirits Company CEO Edward Brown paid $20 million for a spec home at 1115 Hillsboro Mile.
Especially these days, the assignment is key evidence in a foreclosure case: With so many loans having been bought and sold, establishing who owns the mortgage is hardly a trivial matter. By law, a firm must compete, sign, and notarize an assignment before it attempts to seize somebody’s home.
The home was built in 2006. Stern bought it for $8 million in 2009, but made significant upgrades. The Florida Supreme Court disbarred Stern in 2014 after finding that he ran a law firm that robo-signed court documents as it filed thousands of foreclosure across the state.
Stern and wife Jeanine Stern have listed their waterfront home at 5 Harborage Isle Drive for $32 million. The One Sothby’s International Realty team of Dennis Stevick, Michelle Sorrentino and Dale Atkins of DND Associates have the listing. The 17,037-square-foot mansion sits on a 60,000-square-foot lot with 500 feet of waterfront along ...