A class action lawsuit that was filed against a Florida foreclosure attorney has yielded more than $1 million for charities and former borrowers.

As part of a rare legal procedure, Palm Beach County Circuit Judge Cymonie Rowe Tuesday approved immediate distribution of some funds to charities.

The ruling came after lawyers who sued disgraced foreclosure attorney David Stern reported that efforts to find all 1,150 of the foreclosed borrowers had stalled.

Source: Mortgage Daily