The Law Offices of Jacqueline Salcines, PA is proud to announce that this week we settled another Dyck O’Neal lawsuit. Borrower owed over $130,000 thousand dollars and we were able to settle for $15,000 lump sum as full and complete settlement and a waiver of deficiency. Dyck O’Neal is a debt collector who has been purchasing bad debt, judgments, foreclosure debt and deficiencies in Florida for years. If a property foreclosed and sold at auction, typically a deficiency will remain. Or if the property was the subject of a short sale, and the borrower signed a new promissory note. In either of these situations, the bank retains a balance owed against the borrower. Often the lender will sell this debt to a third party purchaser/assignee. Enter Dyck O’Neal. They then purchase the judgment, note or other debt and file a lawsuit against the borrower for the amounts owed.
The problem is that there is a statute of limitations and timeframe within which they are permitted to do this by law.
There is also a law in Florida, called the Florida Fair Foreclosure Act, which permits them to pursue the debt only one year after the sale.
Dyck O’Neal may be violating some of these laws and going after borrowers even if the statute of limitations has expired. Or if the debt is uncollectible.
The best thing you can do, if you are being sued by Dyck O’Neal is to hire the services of a lawyer. By reviewing the underlying debt, foreclosure docket and other documents associated with the mortgage deficiency, we can determine if the debt is collectible and what can be done to negotiate the debt to settle it for pennies on the dollar.
At the Law Offices of Jacqueline Salcines, PA, we have been assisting borrowers with their debt settlement and mortgage settlement needs for over 20 years. Call us today to discuss your needs. The first consultation is always free.
INTEGRITY | TRUST | RESULTS
Law Offices of Jacqueline A. Salcines, PA
Jacqueline A. Salcines, Esq.
706 S. Dixie Highway
Coral Gables, Florida 33146
Tel: (305) 669 5280