Selling Your Judgment

Published: 17th June 2015
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Offering to sell your judgment isn't similar to selling your home. If selling a house, the more people who know it is for sale, the better chance for being paid a higher price. Selling a judgment is more similar to selling your old car; the sale price is dependent on its age, model, any damage; and preferably a qualified mechanic's estimate.

My articles are my opinions and are not, a legal opinion. I'm a judgment broker, and not an attorney. When you ever want a strategy to use or legal advice, please contact an attorney.

The amount offered for judgments does not have anything to do with your requirements or what company you send the judgment to; it depends on which State, the approximate age of your debtor, and the debtor's assets and situation. The majority of judgments cannot be sold cash upfront for enough money to make the judgment owner happy.

The possible price paid for your judgment has nothing to do with the amount you want to be paid or what company you communicate with; what matters is due diligence performed on your debtor which proves they possess some available assets. When the judgment debtor is not known or cannot be located, has discharged your judgment in bankruptcy, died, is poor, concealed their assets, or is some company long out of business; nobody will purchase your judgment for cash upfront.

When you want to attempt to sell a judgment, the first step is to be sure you have, and can provide the right documents; and that begins with a copy of your judgment. A default judgment will usually sell for less because they are weaker. With default judgments, also provide a copy of the court stamped proof of service which first noticed your judgment debtor of the lawsuit.

Besides the judgment-related court documents, you must supply whatever is known about the judgment debtor(s), no more than you have to. When the judgment debtor is a person, helpful info includes their age, address, full or partial SSN, and whatever income or assets the debtor might have. If the debtor is a company, their website, their address, any possible income and assets, and most importantly, are they still in business?

How much can you get paid for a judgment for a cash up-front sale? Because of the risks and uncertainty of collection, cash up-front prices paid for judgments always are a tiny fraction of face value of the judgment. It all depends on your judgment debtor, and the typical judgment sells for 1-7% cash upfront. If the debtor(s) are wealthy you might get paid more.

Usually, the best chances to recover the most money for a judgment, is with a future pay contingency recovery professional, who pays you at a minimum, at least fifty percent of what they recover over time. Especially if you do not need to assign the judgment, a future pay recovery professional is most often the best way to go for most judgment owners. When your debtor(s) are wealthy, you often get paid quickly on a future contingency pay basis.

How many buyers or judgment buying web sites should you share your judgment documents with, for a potential quote? It does not matter how many of them you contact, it all depends just on the debtor's circumstance. Lots of creditors waste a lot of time trying to get more than their judgment is really worth in real life.

Think about using a judgment broker. Brokers are free to you, and using one means you only have to send the info once. This is important, because you shouldn't over-share your judgment debtor's personal info. Judgment brokers do the shopping for you, and keeps all the private info private.

Brokers know the performance track records of the best buyers that actually and reliably buy judgments. One more advantage of a broker is if the judgment ends up being the kind that no one will purchase on a cash upfront basis, or offer enough for; judgment brokers know the best contingency collection professionals.

Another choice is to search the internet for buyers of judgments, however don't get tricked by those "50%-75% cash up-front offers" because such advertisements are lies. Those buyers have never paid this much, and just buy about 1% of any judgments sent to them. Most of the time, the buyers will not buy your judgment. One more choice is a judgment marketplace, but although that is most likely not free to you, and the buyers there are usually the unwashed public, with missing track records.


Mark Shapiro of: - Your fastest and easiest free method of finding the right professional to recover or buy your judgment.

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