Wednesday, October 20, 2010

Will Layoffs at David Stern’s Office add to the Foreclosure Mess?

I was reviewing a foreclosure complaint today and I noticed that the case was filed by David Stern's office and it made me think. If the reports are true about layoffs and employee exodus from his office, how on earth is he going to be able to handle his existing case load? Also, what happens if the banks decide to retain other counsel to take over their existing cases? Are there going to be further delays in the foreclosure cases because of the logistics of transferring files? Will documents get lost or misplaced and who is going to oversee that undertaking? I can't imagine how difficult that's going to be. Further, are there going to more delays slowing the housing recovery in Florida? All new questions in a time where there are a shortage of answers. What a mess!