Newbie attorneys straight out of law school here in Florida were hired by the dozens and even hundreds by foreclosure mills. Their first job right out of law school was to foreclose on homes working for some of the biggest law firms who are also now under investigation. Well, they did get a steady paycheck for a while. Until they were fired from their jobs by the hundreds when the head counsel of these firms were under investigation by the Florida Attorney General and the Florida BAR.
David Stern's office even lost their biggest client- Fannie Mae. Their empire built upon alleged unethical behavior and off of the misery of others came crashing down. Yes, when you build your house upon the sand, it can not withstand the rains when they come falling down.
There were 156 attorneys that worked at David Stern's office who had less than four years out of law school. Most of them were laid off or left the company when the investigation started.
Some of these attorneys are under investigation also. Some may even have their careers ended by the Florida BAR. The Florida BAR has opened 42 probes of possible foreclosure fraud. The Florida BAR is also investigating 17 foreclosure defense attorneys.
There is nothing more upsetting in foreclosures than to have your sellers call you from the courthouse to tell you that their attorney never showed up for court or that they never filed their defense claims. It is so disheartening as we care about our clients yet as agents are helpless to help them in these situations.
Stil today more than 260 attorneys work for the top four largest foreclosure law firms in Florida. Many of them worked at Stern's office.
48% of them have been out of school for less than 3 years. Many of the attorneys who worked at Stern's office and the other law groups under investigation now work for other foreclosure law firms that are Fannie Mae designated firms. Maybe the younger attorneys did not know they were doing things wrong or maybe they were just obeying their firms' directives.
Now a Georgia Law Firm who already has claims by homeowners against them is setting up shop in Orlando Florida and Fannie Mae is one of their biggest clients. This law firm also hired former Stern attorneys to work for them.
This firm also has hired a former Fannie Mae general counsel and foreclosure expert- Susan Reid. She worked with the attorneys at Stern's office while working for Fannie Mae.
If you want to have a good attorney who is ethical to work for you in your foreclosure case you can contact Richard Zaretsky.
Disclaimer: We are not attorneys and we are not giving you legal advice.
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Copyright © By Katerina Gasset 2010*Florida Foreclosures- The Recycling of Stern's Attorneys and Guess Who Is Working at a Foreclosure Mill? *
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