This Dyck ONeal is basically a mortgage deficiency recovery mill. They buy old mortgages with deficiency judgments against them and then try to go after the original mortgagee (owner) for the deficiency. That is, the difference between the amount owed the original financial institution and the fair market value of the property. They file thousands of these cases and hope that most defendants will simply default out. Most do. They have been accused of filing cases in the state where the original mortgage was set up, getting a default judgement, and then trying to sue the original mortgagee who has in most cases moved out of state. I understand this is a violation of the Fair Debt Collection Practices Act. They have gotten thousands of default judgments in various cases and try to collect on them.
Please note that many states do not permit deficiency judgments in the case of certain assets, like single family residences. The bank or financial institution has to be satisfied with taking back the house or other property. And that's it.
If you get a call from these people always check with your state to see if deficiency judgments are allowed for the specific asset they are talking about. And of course, if you are served in a valid legal case, you should answer it to avoid a default judgment against you.
This group:
http://www.dyckoneal.com/
Dyck O’Neal, Inc.
800.447.2481
or
EMAIL US at
[email protected]
_____________________________
THIS BUSINESS IS NOT BBB ACCREDITED.
Dyck O'Neal Inc
Additional Locations
Phone: (972) 661-3744
6060 N Central Expy
Ste 200,
Dallas, TX 75206