The Real Deal Miami

Posts Tagged ‘foreclosure’

  • David Stern hit with class action judgment

    Ex-foreclosure mogul owes $831,110 to PB County homeowners
    January 29, 2014 12:00PM
    David Stern

    David Stern

    Disbarred attorney David J. Stern was hit with an $831,110 judgment in what could be the first successful class action lawsuit against the onetime foreclosure mogul.

    A class of more than 1,100 homeowners won the judgment last week in Palm Beach County Court, the Palm Beach Post reported. The homeowners filed suit against Stern’s former law firm in 2009 over charges related to additional foreclosure summonses delivered on behalf of unknown individuals with purported claims on their properties. Loxahatchee homeowner Rory Hewitt, who is fighting his own foreclosure, represented the class. [more]

  • Ex-foreclosure king officially disbarred

    January 09, 2014 03:45PM
    From left: Nancy Perez and David Stern (Stern photo: Bill Warner)

    Nancy Perez and David Stern (Stern photo: Bill Warner)

    Florida Supreme Court officially disbarred onetime foreclosure mogul David J. Stern, who is facing charges of fraud and legal misconduct.

    Palm Beach County Circuit Judge Nancy Perez, acting as a referee, said she made the decision based on Stern’s refusal to accept responsibility for the errors of his former Plantation foreclosure defense firm. In November, Stern decided not to protest her call for his disbarment. [more]

  • 8785-southwest-165th-avenue

    8785 Southwest 165th Avenue in West Kendall

    Alabama-based Regions Bank filed a foreclosure lawsuit last month against Lucky Start Executive Plaza in an effort to seize a 69,189-square-foot office plaza in the Miami-Dade suburb of West Kendall.

    The landlord built the plaza at 8785 Southwest 165th Avenue, near North Kendall Drive, in 2008. The mortgage was modified a year later, at $16.45 million and a maturity date of February last year. [more]

  • From left: Nancy Perez and David Stern (Stern photo: Bill Warner)

    Nancy Perez and David Stern (Credit: Bill Warner)

    Onetime foreclosure mogul David J. Stern has decided not to fight a Florida Bar referee’s call for his disbarment.

    The former Plantation attorney charged with fraud and legal misconduct is not going to appeal the recommendation, Daily Business Review reported. Jeffrey Tew, Stern’s attorney, submitted a short letter to the Florida Supreme Court on Monday that confirmed Stern would not file an appeal. Tew’s letter did not go into further detail. [more]

  • foreclosure-king

    From: Nancy Perez and David Stern (Stern photo: Bill Warner)

    A Florida Bar referee has advised the disbarment of David J. Stern, the onetime foreclosure mogul and attorney charged with fraud and legal misconduct, the South Florida Business Journal reported.

    His “failure to exercise care resulted in massive injury to the system,” the referee, Judge Nancy Perez, said. The lawsuit, filed in Broward County, alleged that one of Stern’s top-ranking workers at his Plantation-based home repossession company allowed her name to be signed by others and was rewarded with high pay and a new car. [more]

  • 9450 SW 112th St., Kendall (inset: O.J. Simpson)

    9450 Southwest 112th Street in Kendall (Inset: O.J. Simpson)

    The hacienda-style Kendall home of incarcerated Hall of Famer O.J. Simpson sold yesterday at a foreclosure auction for $655,000. [more]

  • W South Beach sued over $378M loan

    October 18, 2013 12:00PM

    W South Beach Residences at 2201 Collins Avenue, and David Edelstein

    UPDATED, 5:52 p.m., Oct. 18: New York-based developer David Edelstein’s condo-hotel W South Beach has been slapped with a foreclosure suit that could strip it of its unsold units, the South Florida Business Journal reported. [more]

  • brickellhouse

    BrickellHouse and Harvey Hernandez

    Newgard Development Group’s Harvey Hernandez and Jesus Quintero, developers behind the ongoing 46-story condominium project BrickellHouse in Miami, have been hit with a foreclosure suit from their initial mortgage holder. [more]

  • Nation of Islam’s Miami mosque faces foreclosure

    A lawsuit centers on a 2007 loan for $271,000
    September 11, 2013 11:54AM
    5600 N.W. 7th Ave., Miami

    5600 N.W. 7th Ave., Miami

    The Nation of Islam’s regional headquarters building for Miami, the Caribbean and Latin America is at risk of foreclosure.

    Known for outspoken leader Louis Farrakhan, the Nation of Islam’s mosque and education center in Miami is the group’s seventh regional headquarters. Katline Realty Corp. filed the foreclosure lawsuit late last month against Muhammad Mosque, which includes the 8,140-square-foot property at 5600 N.W. 7th Ave. over a defaulted mortgage for $271,000 made in 2007, the South Florida Business Journal reported. [more]

  • Court orders O.J. Simpson’s house seized

    The former pro football running back stopping making mortgage payments in 2010
    August 26, 2013 11:34AM
    9450 SW 112th St., Kendall (inset: O.J. Simpson)

    9450 SW 112th St., Kendall (inset: O.J. Simpson)

    A Miami-Dade judge ordered Chase bank to seize the hacienda-style home of incarcerated Hall of Famer O.J. Simpson more than two years after a foreclosure action was filed. [more]