Former 
Florida foreclosure king David Stern’s rise was swift, and his fall has been equally fast. Stern announced this week that he would shut down the foreclosure practice at his Plantation, Fla.-based firm by the end of March, according to the Daily Business Review, a sibling publication.
DJSP Enterprises, a publicly traded mortgage processing company Stern spun off from his law firm a year ago, stated in an SEC filing on Monday that it “does not expect to receive any further file referrals” from the Law Offices of David J. Stern. With the loss of its largest customer, the DBR reports that DJSP could be forced to shut down. (On Tuesday, DJSP informed the SEC of its intention to voluntarily delist the company’s shares from the Nasdaq Stock Market.)
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