Has anyone come across Dyke-O'Neal buying second loans and foreclosing?

[John Slater]

Working with a client I came across a lender, Dyke-O'Neal, based out of Texas who seems to be buying old second loans from companies that went out of business during the 08/09 crash, but buying them during 2021-2023, then waiting 11 months and foreclosing on borrowers.

As example of one would be a $66,000 loan from 2006, bought by them, in July 2022, foreclosing notice issued for $175,000 June 2023. This by the way is not calling the whole note due, this is the NOD, with a default balance of $175,000, plus then whatever is owed on the loan.

These borrowers have no chance and no recourse from what I can see.

I've seen a couple of attorneys from Florida posting about these guys, but wondered if anyone had come across them in the foreclosure world?