In an original article by Rusty Collins of the Florida Times Union, details the fall of David Stern, the lawyer know as Florida’s ‘Foreclosure King’. Sterns firm pushed through wholly 20% of the recent foreclosure’s filed in Florida. That firm also pushed through a mountain of foreclosure suits on a daily basis which the author referred to a ‘Sue-nami’ given the speed & volume with which these suits were filed (125 docs per hour in one eight-hour preiod), it became evident that the documentation for such lawsuits was suspect.

The state began a major investigation into Stern’s foreclosure mill. The firm created a massive foreclosure volume without regard to homeowners or proper legal procedure, ultimately compromising their client banks as well. Without foreclosure defense; however, Stern’s & other foreclosure mill lawsuits go forward on poor documentation. Homeowners lose their homes over sloppy legal work when no questions get asked. On March 31st, David Stern’s practice closes its doors.

The tsunami reference may be a bit untimely given the gravity the situation in Japan but just like the tragedy in that country, the aftermath of the foreclosure crisis in Florida will haunt us for generations and faulty real property titles will be ‘nuclear’ for a long time.