Starting A Judgment Collection Business Now

I am not a lawyer, I am a judgment referral expert (Judgment Broker). The judgment recovery business has been hurt badly by the recession/depression. Of course, many businesses are now depressed, we are all connected to a certain degree.

In the olden days, before 2003 or so, one could do very well simply recording liens on the debtor's real estate. When houses were getting refinanced or sold every year and prices were increasing, judgment liens got paid off. Now, a judgment lien is more likely to be stripped off in a bankruptcy court or settled for pennies on the dollar, than to be paid in full.

However, many people still have jobs, some own a property with equity, and some have savings or checking accounts. So the game is not over, but it is no longer a make-a-living-quickly business. It never was a get-rich-quick business.

Many that go into the judgment enforcement business do not succeed because they never go to court or have enough funding. They buy a computer, a phone line, a web site, attract and screen judgments, and then do very little with them. You needs to have the money - an average of $300 for small claims and $1,100 for civil court, for each judgment they hope to enforce.

A $200,000.00 judgment is not going to earn one $100,000.00, unless the debtor is wealthy and you learn how to perform advanced recovery procedures that take knowledge, practice, and skill to perfect - to to a level where you are effective against a rich judgment debtor that hires an attorney to thwart your enforcement efforts.

You need to read, study, and go to court and get comfortable and competent on all court procedures and paperwork. Judgment enforcement is a business where you are always working and learning. One cannot just read 1 book and get instant success.

So, is 2011 a good time to get into the judgment recovery business? Here are 5 reasons why not:

1) The easy money is gone. You needs to work for every dollar.

2) The economy is really bad, most debtors are poor and one cannot enforce a judgment against a poor person.

3) Courts and sheriffs are cutting back, increasing fees, and getting very slow to process paperwork.

4) Many of the good judgments are gone.

5) There is apathy, skepticalness, and flakiness washing over many people who are glued to watching and reading terrible news, and tuning out of opening any mail besides their bills.

Here are five reasons why 2011 is a great time to start or be in the judgment recovery business:

1) There are few businesses with more opportunity and less startup costs than judgment recovery. The judgment recovery business is no worse than the average economy-related business.

2) Some judgment enforcers are currently "burned out" or depressed or jaded or flaking out, and do not quickly answer or return emails or phone calls. By being responsive, one can rise ahead.

3) With many judgment enforcers going out of business, it is easy to find used books and training courses at steep discounts. And now, there are free resources on the web to learn about judgment recovery.

4) There are more options now than before. Now, you can easily refer judgments not right for you to a judgment broker.

5) The best people have the right attitude to make things work even when the economy is bad. If you have nothing better to do, learning judgment enforcement, or how to find and screen judgment leads, is a constructive and potentially profitable thing to learn.


------

Mark Shapiro - Judgment Broker - Free leads for Judgment Enforcers and contingency collection attorneys.

http://www.JudgmentBuy.com - is the best judgment solution, where Judgments quickly get Purchased or Enforced by the best!