Mortgage

Disgraced foreclosure attorney to accept disbarment

The tale of David Stern — not the NBA commissioner, but instead once one of the nation's foremost foreclosure attorneys, is spinning to an unceremonious end — Bloomberg News reports that the now-disgraced Florida attorney is about to become a former attorney:

Jeffrey Tew, the lawyer representing Stern, filed a one-page document Friday with the Florida Supreme Court stating that Stern has decided to end his fight against recommendations that he be disbarred. A referee has also recommended that Stern pay nearly $50,000 in costs to the Bar.

Tew did not immediately respond to a request for comment.

The judge acting as a referee in the case told the Supreme Court that Stern's actions had "created chaos" in the courts.

Stern had been fighting to keep his license, and in a hearing last month, had argued that his firm made "a few mistakes" in managing some foreclosure cases.

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