Foreclosure Tales: Foreclosed April 2015, Received 1099-C, Dyck O’Neal Coming for Deficiency?


Foreclosure Tales: We were foreclosed April 2015. Received 1099-C. Can they still come after us for deficiency? Chase serviced the mortgage.

Another story of despair from the Interwebz…

At the public auction the lender bought back the property for $3500. WAY BELOW FAIR MARKET VALUE. They sold the house in real estate Oct. 2015. We later received a 1099-C in Feb. 2016. Around March 2016 we received a letter from Dyck O’Neal stating they were collecting on the deficiency of $40,000. Can this happen? I read where a TN bankruptcy court ruled that when you receive the 1099-C that is evidence the lender discharged the deficiency. Dyck O’Neal is telling us we can settle for $3500 or do a $10,000 note, 5% interest, 130 payments of $98. They also stated over the phone they would come after us for a court judgement for the deficiency if we didn’t propose a settlement or payment plan. On our credit report it says Account Balance $0 and remarks says Foreclosure Redeemed under Chase. Dyck O’Neal is also now showing on our credit report and it lists Chase as the original creditor. How should I handle this??



3 Responses to “Foreclosure Tales: Foreclosed April 2015, Received 1099-C, Dyck O’Neal Coming for Deficiency?”
  1. Desarae says:

    I’m in the same boat? What ever happened with your situation?

  2. Elaine Williams says:

    I am pretty sure that Dyck O’Neal is a junk debt buyer. I wouldn’t give him a dime!

  3. mike Drouin says:

    Because of the amount of categories of Law that are broken by the Banks in order to Steal our most prized investment , this whole alleged ” Mortgage crises ” can be deemed , A DOMESTIC FINANCIAL TERRORIST ATTACK against the American people !!!! State Law , Federal Law , Contract Law , Tax Law , Trust Law , Banking Law , Mortgage Law , Securities Law…….and so on , and so on …… all with several violations within each category !!!! You can perform an operation of Law to protect you , which is to rescind the mortgage contract that really never took place , but with the powers to be , standing down , and allowing the crimes to be committed , Who is going to enforce it ????

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