Mother Jones has a new article on the misdeeds and woes of foreclosure mill extraordinaire, David Stern’s various entities, cutting a swath of destruction across the country….
“I don’t have any confidence that any of the documents the court is receiving on these mass foreclosures are valid,” said the judge.
Amid its meteoric rise, interviews and court records show, Stern’s operation began to cut corners. Beyond the backdated assignments, employees told me that the firm routinely doctored its legal filings. Case chronologies—the timeline of important events in a foreclosure—were changed “all day long” to create the appearance of propriety, notes a former Stern paralegal. And internal documents show that the firm attempted to push cases through the courts even when key documents like the assignment of mortgage—or the mortgage contract itself—were missing from the file. “Need to re-set. No original loan docs,” a Stern attorney wrote in a July 2008 memo after being rebuffed at a Tampa court hearing. At a Stern hearing in April, Pinellas County Judge Anthony Rondolino became fed up with the mills in general, declaring, “I don’t have any confidence that any of the documents the court is receiving on these mass foreclosures are valid.”