The Real Deal Miami

Ex-foreclosure king won’t fight disbarment

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.

Palm Beach Circuit Judge Nancy Perez suggested disbarment for Stern last month. Perez served as referee for the state Supreme Court. She determined Stern was guilty of misconduct.

Stern built up Florida’s most prolific foreclosure defense firm, with 154 attorneys and about 1,200 total employees handling nearly 118,000 cases each day. His misconduct was exposed during the robo-signing scandal. [Daily Business Review]Eric Kalis