Daniel Stern, Law Offices of Daniel J. Stern PA Keeping us from Closing Davie, Florida

David J. Stern's law office represents the seller of a foreclosed property we are trying to buy. Our contract was accepted, our mortgage loan is in place, inspections, surveys, etc., are complete. The original closing date was 8/7/2009, but the title company had to provide an addendum extending the date to 8/24/2009, because someone in Stern's office assigned the title to the wrong bank.

Since our mortgage rate was locked in for 45 days, the lender wants to charge us an additional 1/8 point for extending the closing date for 15 more days, or 1/4 point for extending for 30 more days. Stern's office is taking their time about providing clear title to the title company, which may have to provide who knows how many addendums to extend the closing date even further into the future.

This law office obviously is the largest foreclosure agent in Florida, and should have better competence than they have proven to us. They should at the very least pay for the extra closing cost, as this was their mistake.