The Bleeding Continues For South Florida Assembly Line Foreclosure Mill King

Mother Jones reports:

• The bleeding just won't stop for David J. Stern, the South Florida foreclosure baron and attorney who built an empire within the foreclosure industry, only to see it crumble. The subject of an eight-month investigation by Mother Jones published in August, Stern and his companies learned [last] week that Wells Fargo was the latest bank cutting ties with Florida's foreclosure king, who handled thousands of foreclosures for the bank. Wells said it will instead send cases to other Florida foreclosure firms, the The Palm Beach Post reported.(1)

For more, see Wells Fargo Dumps Foreclosure King.

(1) For other Mother Jones reporting on the now near-defunct Law Office of David J. Stern, see:

• Exposing David J. Stern, Foreclosure Baron (The MoJo must-read that launched a national investigation);
• Inside Foreclosure King David Stern's Downfall (How bad is it for David J. Stern's foreclosure empire? Business is down 90 percent, 70 percent of staff is laid off);
• Fannie, Freddie Seize Stern Documents (The latest blow to the Florida foreclosure king, the subject of an eight-month MoJo investigation);
• Fannie, Freddie Ditch Foreclosure King (A few months after a MoJo investigation, the housing giants drop a controversial "foreclosure mill");
• How MoJo Exposed David J. Stern and Launched a National Investigation (The story behind the exclusive story that helped ignite the robo-signing scandal).