How Does a Deed of Trust Differ from a Mortgage?
With traditional mortgages, a legally binding agreement is made between two parties: a borrower and a lender. The borrower is the person or entity purchasing the property, and the lender is usually a financial intuition that loans the money to finance the property.
If payments aren’t made to the lender, the property can be foreclosed upon. In order to foreclose on a property, the lender has to go through a judicial process which can take time to make its way through the courts.
A Deed of Trust is an alternative option, but it’s only available in some states. Currently, there are 15 states that allow Deeds of Trust, with California being one of them.
Deeds of Trust differ from traditional mortgages because along with a borrower and lender, a third party is involved in the agreement. This third party is known as a “Trustee.”
A Trustee doesn’t hold any interest in the property. They are usually a company, investor, or person that holds the title of the property until the loan is satisfied between the borrower and lender. And unlike a traditional mortgage agreement, a Deed of Trust foreclosure doesn’t have to go through the courts, which can expedite the foreclosure process.
Selling Deeds of Trust for Cash
If you currently hold a Deed of Trust and receive a stream of recurring payments, you can turn your deed into cash.
Common Reasons for Selling a Deed Trust for Cash
- Wanting cash to pay off debts or have cash for investments
- Freedom from collecting payments
- Heirs or beneficiaries can’t come to an agreement on the property
- The property’s value has declined
- Taxes are delinquent
- Having to deal with a “bad” borrower
Selling your Deed of Trust to a company that specializes in buying Deeds of Trust like Sell My Judgments allows you the financial freedom of not having to wait for monthly payments from the Borrower. Instead, you get a lump sum of cash upfront.
What if the Borrower Stopped Making Payments?
If you’re dealing with a situation where the borrower isn’t making monthly payments as outlined in the initial agreement, this is known as a non-performing note.
The good news is that Sell My Judgments specializes in buying non-performing notes.
We Buy Deeds of Trust
Contact Sell My Judgments today to discuss your particular situation and see how we can purchase your Deed of Trust to free you from your obligation and get you the cash you need.
If you live in California and won a judgment against someone who owes you money, you know how hard collecting is. Many business owners don’t want to go through the collection process, and they let the person off the hook as a result. You don’t have to make that mistake. Get your money by selling your judgment to a collection agency.
Collecting debt takes time out of your life. You must contact the debtor and try setting up a payment plan. If you don’t locate the debtor, you must look through public records or hire a private investigator to do it for you. All of those steps can take more time than you have. Sell and assign your judgement to save time.
In addition to taking time, collecting debt takes energy. You put in a lot of work trying to collect your money, and you might not even get your funds unless you follow the right steps. If the person owes you a lot of money, you probably put in a lot of effort to collect it. It does not need to be like that. Selling or assigning your judgment saves you a lot of energy.
Trying to collect on a judgment is stressful. After spending hours trying to get the debtor on the phone, you might feel as if you are making no progress. The stress can build up and impact other parts of your life and business if you are not careful. You can get distracted and experience reduced performance while on the job as a result. By selling or assigning your judgment, you avoid the stress and achieve peace of mind.
Stay Focused on Your Business
Selling or assigning your judgment lets you remain focused on your business. You will no longer need to worry about contacting the debtor or dealing with court cases if they don’t pay. You use all the time and energy you save to focus on your business.
The No. 1 reason for selling or assigning your judgment is that you can move forward with your life. You no longer need to worry about collecting the money, and you can use the funds to invest in the growth of your business. If you want to move forward and forget about the collection process, selling your judgment is the right call for your bottom line.
As you’ve already discovered, it costs money to obtain and enforce a judgment, sometimes a lot of money. Rather than keep digging into your pockets throwing good money after bad, selling or assigning your judgment to Creative Judgment Solutions takes that financial burden off your back.
You get many benefits by selling or assigning your judgment, but you need to find a recovery agency that meets your needs and understands your situation. At Creative Judgment Solutions, we stand behind our clients and work hard to meet their needs in every possible way. The best part is that you have nothing to lose.
Should you choose to your judgment to CJS, we can usually have the funds to you within days, even the same day in certain instances. Or, should you prefer to assign your judgment, we only charge a fee on the amount collected. If we don’t collect, you don’t pay. We streamline everything and remain transparent so that you know what to expect during the process. Let us handle the hard part so that you never have to worry about it again. If you are interested, contact us today.
No one wants to go to court. But sometimes, you have to sue someone to get them to pay you what they owe you. After going through an often lengthy legal process, if you win, the court will award you a judgment for a certain amount of money. The judgment is a court order telling the debtor to pay you the money. Unfortunately, it is up to you to take action to actually collect your money. The judgment enforcement process can be long and complicated. In fact, more than 80 percent of court-ordered judgments go uncollected. If you have a judgment, you need the help of a company that offers professional judgment recovery services.
Judgment Recovery Services
Most people simply don’t have the time or expertise to collect on their judgments. Enforcing a judgment involves tracking down the debtor, locating assets and then trying to place a lien or levy on any assets that can be legally attached. This can be a time-consuming and expensive process that often ends unsuccessfully for most people. However, if you have been awarded a judgment, don’t lose hope. Creative Judgment Solutions Inc. offers professional judgment recovery services with no up-front fees.
Creative Judgment Solutions Inc.
Creative Judgment Solutions (CJS) offers several affordable options that you can choose from when it comes to enforcing your judgment. First, you can assign your judgment to the company and they will attempt to collect it on a contingency fee basis. They will do all of the work and pay all of the fees involved in the judgment enforcement process. When they are successful, they will receive the previously agreed upon commission and the rest of the money goes to you. The good thing is that you don’t have to pay anything unless they are successful.
You also have the option of selling your judgment outright to CJS. In this case, you will sign over all of your rights to the judgment in exchange for an agreed upon amount of money. CJS can then enforce the judgment as if they were the original judgment owner. If you have been awarded a judgment, contact Creative Judgment Solutions Inc. to turn your judgment into cash.
You’ve taken the time and energy to go to court because of an individual who owes you money, and now you just want to collect what is rightfully owed to you without a hassle. If you have tried everything you can think of to collect money that is legally owed to you with no results, our judgement collection agency can help. If you have asked yourself the question, “how can I sell my judgement?” more than once, read on to find out more about our services.
Types of Payment Plans
Before taking the individual back to court for money owed, you may be able to have their wages garnished legally. This will allow you to obtain the money owed to you directly from their employer before the person ever receives it on their paycheck. This is a safe way to acquire your cash as you will not even have to see the other party to negotiate the terms. Every state has different laws regarding wage garnishment, so research thoroughly before choosing this option.
You may also wish to send a certified letter to the debtor as soon as you are awarded the settlement from the courts. By sending a certified letter you will know for certain that the individual received the information. Be sure to include clear-cut instructions on how and where to send the money that is owed to you.
If All Else Fails, Call Us
You’ve tried to collect on your own and are now looking for the answer to the question of “How can I sell my judgement?” We can help. Get a free quote today by calling us at 1-900-500-4345. We’ll help you get the settlement that you are due.
You were probably relieved when the court granted you a judgement against an individual who owes you a debt and won’t pay up. Unfortunately, the hard part of the situation is just beginning. Many debtors will still refuse to pay their debts, even when there has been a court-ordered settlement in your favor. It may be time to call our company for judgement collection services.
Collections Ideas to Try First
There are a few things you can try before selling your debt. Wage garnishment is one avenue you may take to get the money that the debtor owes you. By doing so, the employer of the debtor will have a portion of their check sent directly to you right off the top. Unfortunately, this results in smaller payments over long periods of time. Additionally, many debtors jump from job to job, forcing you to go through the process time and again. Some will even work under the table to avoid having their wages garnished, to begin with.
Another way to try and collect on your debt is a real estate lien. A lien is placed against any property the debtor owns; however, the debtor will have to sell the property first in order for you to collect on your debt. There may even be other parties who are holding a claim against the debtor, so you could potentially have to wait until others are paid before you see any of your money.
Call a Debt Collector Today
Our judgement collection services will take fast action to help you get the money your debtor owes you. Our company uses legal means that have worked time and again. Instead of waiting for years to get your cash, call us today. You’ll get money upfront and will no longer need to worry about how and when you will collect the debt.
A large percentage of judgements are never actually collected on. Those that are settled are done so for a lot less than the original amount, as well. It makes sense to give us a call and sell your debt to us today. Don’t waste any more time trying to force someone to pay you when they have no intention of doing so.
The concept of judgment recovery is a process where you, the owner of a judgment, deserves to be paid by the person who the courts say owe money for a judgment placed against them. Whether you obtained this judgment from winning a court case or from purchasing a judgment owed to another individual is of little consequence. In the eyes of the law, whoever owns the judgment has the right to collect on that judgment. For this reason, purchasing other people’s unpaid judgments for pennies on the dollar can turn out to be a very lucrative investment for making future earnings. This is only true if you take the necessary steps to recover the money owed on the judgments in your possession.
Judgments as a Lien
When a judgment is recorded against the title of a person’s property, there is a good incentive for that individual to pay off the judgment. The first order of business, when it comes to collection efforts, is to make sure you record the judgment as a lien against the title of the property of the person who owes you the judgment.
This gives you, the judgment holder, a lot of leverage to start applying pressure to the person who owes you money under the dictates of the judgment in question.
A Cloudy Title Gets You Paid
Every three to five years on average, people have a tendency to either move or refinance their homes. When they go to sell or refinance a home loan, this means that a title company is going to have to go through and check for clouds on the homeowner’s title. If the title company finds your judgment recorded against their client’s title, the client will first have to pay to clear the title before they will be able to either sell their home or refinance the loan on their home. Either way, this is a huge barrier in their way that helps to ensure that you will be paid on the judgment. So, in many cases, using the collection process as a method of investing to earn future income is itself a simple matter of waiting, because the regularity at which people try to sell homes and refinance home loans works out in favor of judgment holders.
Another way to pad your future investment income with judgment recovery efforts is to simply buy judgments for a low cost, and then sell them for a higher price to other people interested in buying judgments. This is a great tactic for someone who is able to pick up large numbers of unpaid judgments from businesses like contractors and such. Often when you buy in bulk, you can get these judgments so cheaply that flipping them for a little more than you paid later is both easy and lucrative. When people think of judgment collections, they imagine they should only be paid off by the person who owes them money for the judgment; but, why wait for that to happen when there are many investors willing to help you with your judgment recovery efforts by purchasing the judgment from you instead. As long as you realize a profit, what difference does it make?
Winning a legal judgement is a momentous moment for anyone. The process of getting there could take months or even years to achieve. Unfortunately, the process of getting paid can be equally taxing. This is why there is a whole industry built up around the concept of selling a judgement.
One may choose to sell a judgement in order to obtain their money faster than they would get it if they had to wait around for the legal process to run its course. That can be an economically sound thing to do when times are tight financially. After all, the person who has won a settlement has had to do a lot of battle in court to reach that point. It is not cheap to take a case all the way to court like that.
Selling a judgement is a process in itself as well. To do so one must first list a judgement that they have to sell on a public marketplace where interested parties gather to check out the offers. Once they have done this, then they start to review the letters of interest from various parties to see which ones stand out as the most promising. Those individuals are then contacted and a negotiating process can take place.
A party purchasing a judgement obviously wants to get it for as little money as possible. That is why you have to stand tough on some offers and only accept a price that you really believe is fair. If you show some flexibility, then some of the buyers may try to take advantage of this. They are in the business to make money for themselves. If you give them that window of opportunity, they are going to take it.
Once you do have the deal all together with the interested party, you will need to take it to the court to get it approved. They have the final say on the sale, but they are often accommodating about these types of things. Just ask the judge to review the deal and they will be able to make sure that it is legal and fair to all parties.
Enforcing judgment is often a process that a busy business just doesn’t have enough time to do. However, failing to do that can leave your business without thousands of dollars that you are entitled to have. There are a few things that you can do if you have judgments but you don’t have the collections staff or the time to chase the debtors down. You can liquidate your judgments and turn them into cash using one or both of these methods:
Selling Your Judgments
Selling your judgments is a quick way to relieve yourself of the responsibility of collecting the funds and to get a decent sum of money in your pocket. A specialist can give you a cash offer on the judgment or judgments that you have, and you can either accept it or reject it. If you accept it, then you will receive payment for the judgment, and the specialists will take it from there. You don’t have to worry about the judgment anymore after you sell them. They are not your problem. Many companies find this to be the best solution.
Let Someone Else Handle Them
Another thing that you can do is make the decision to let some specialists collect your judgments. Collection specialists will do their due diligence in enforcing judgment. They will try to find out crucial information to get your judgment paid. If the specialists are unable to collect the judgment for you, then you will not have to pay one penny.
Get a Consultation Today
You can call and speak to someone who can help you decide which method is best for your business. It doesn’t matter if you only have one judgment that you need to be settled or if you have a lot of judgments from customers. Don’t hesitate to make an appointment with a consultant today. Alternatively, you can complete a short form and give up some information like the case number, defendant’s name, amount and any other information that pertains to the judgment you are trying to collect. You’ll receive a quote, and then you can decide the best way to proceed.
Did you know that over 80 percent of judgments are never collected? Chances are that you will never receive a penny. A judgment collection agency may have a solution for you. They will buy your judgment from you and relieve you of any stress that you may be feeling trying to collect the debt. By selling your judgment, you will receive immediate cash and will not have to go through the hassle of trying to collect.
Besides selling your judgment, you also have another option of just hiring a judgment collection agency to collect for you. Your judgment will be put on assignment, and they will investigate and locate any assets that the defendant may own. They will give their best effort in making sure that you get paid what you are owed. If they do not get the job done, you will owe absolutely nothing. The only time that they get paid a commission is if and when they collect for you. With a set up like this, you can be sure that they will be giving their full effort to collect your funds. In many cases, they can even enforce the judgment by having the defendant’s wages garnished. If you have multiple judgments that you need to be collected, that is not a problem as a judgment collection agency routinely works on enforcing a multitude of judgment orders.
Getting started with a judgment collection agency is a simple process. You can call them up and talk to them about their services, or if you don’t want to talk to anybody, you can just send them a copy of the judgment order. Within a few hours, they will get back to you letting you know if they would like to purchase your judgment. All details will be explained to you including all other options you may have.
With Creative Judgment Solutions, we can easily work with all types of collections that might come your way for various reasons. Anything from unpaid rent, borrowed money, hospital bills, credit card debt, or even anything dealing with a repossessed vehicle, we have the solution that will work best for you.
Creative Judgment Solutions offers a few options when it comes to court judgment collection. One option is to simply sell a court judgment to us. That way you get the problem out of your hands so you don’t have to worry about it — we’ll take it from there. You can either call or send us the judgment — we even accept judgments submitted through the online form on our website. With us, you also have the option of assigning judgments on what works as contingency basis, which means if there is no collection from the owing party then there is no fee owed to us on your part either. In this instance, we work on a commission basis — the only situation in which we get paid is a situation in which you get paid also. Since our commission rates do tend to vary, free quotes are available from our offices before you decided how to proceed with any of your claims.
With principals that have been in the business for over 50 years, we know how to best handle the situations that so often catch people off guard when it comes to reclaiming money and funds that are rightfully owed to them.