More than 1,000 Florida borrowers will share in a $831,110 class action award for being billed unlawful foreclosure-related fees by the Law Offices of David J. Stern.
The judgment, which is believed to be the first successful class action lawsuit against the former foreclosure titan, was finalized last week by Palm Beach County Circuit Judge Lucy Chernow Brown.
Loxahatchee homeowner Rory Hewitt represented the class.
“I think this has some significance for these large law firms that represent banks and who were exploiting homeowners in various ways,” said Louis Silber, whose West Palm Beach-based law firm Silber & Davis represented the homeowners. “These are people who were living paycheck to paycheck and they were being charged fees that Stern wasn’t entitled to.”
Filed in 2009, the suit challenged the costs charged by Stern’s firm to deliver additional foreclosure summonses on “John and Jane Doe” and other unknown parties who may have claims on a property.