What is Dyck O’Neal and can these lawsuits be settled?
Florida’s experiencing a wave of Dyck O’Neal lawsuits. Dyck O’Neal is a privately owned company that has gone around purchasing this bad debt. And, they file lawsuits in order to collect against the homeowners, or prior homeowners. ‘Cause they’ve already lost their home. A deficiency balance is when the foreclosure takes place, and there’s a balance of the mortgage after the sale. Or, whether you short-sale the property and there’s a deficiency balance. Luckily in Florida there’s a law that protects against these deficiency lawsuits. But there are very strict requirements in order to win them. It is best to always consult with a real estate attorney such as myself. We can go over the different guidelines and requirements, and see if you qualify in order to walk away from these deficiency lawsuits by Dyck O’Neal.