David J. Stern launches legal battle against nation’s biggest mortgage servicers

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The Legal Aid Society of Palm Beach County is getting a $115,000 budget boost from an unusual source – leftovers from a successful class action lawsuit against former Florida foreclosure king David J. Stern. Palm Beach County Circuit Judge Lucy Chernow Brown said in a Dec. 8 order that money.

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Bad mortgage company leading to foreclosure User Name:. I just meant that I can’t call my mortgage company preditary based on the HUD definition of preditary lending for most of the listed items, because they did not initiate the mortgage terms, they only purchased it.. David J. Stern is.

Foreclosure king no more, David J. Stern is fighting back against former clients whose business once elevated him to one of the richest and most well-known default services lawyers in the country. The fight is taking place largely in state and federal courtrooms via 25 lawsuits where Stern alleges that the biggest names in the mortgage industry owe him more than $34 million in unpaid invoices.