Winning a court judgement is only half the battle, the next battle is to retrieve your money from the debtor. Just because the court signs the document stating that you won, doesn’t mean it’s the end of road. Since collecting judgment is a lot of harder than it looks, here is some advice on selling your roofing contractor judgment.
The Court Has Limitations
The court has limits as to how far it goes to collect money for your judgment. They cannot give you advice on the next steps to take or help you in the process of collecting.
Contractor Judgement Collecting Yourself Is Hard
Doing all of the work to collect a judgment by yourself is always a difficult challenge. Many laws are put in favor of the debtors, not the creditors. A debtor can move without telling anyone and become impossible to track down. In some states, only non-exempt property can be collected but not exempt property. In some cases, the debtor is not employed or does not have enough money to repay the judgement, making it nearly impossible to collect.
You Need Money Right Away
Selling your judgment for cash is recommended when you need money right away. However, there are some scam deals to be careful of when you review buyers. Do your research to decide which buyer to work with and which rates are fair to you and your efforts.
Selling May Be the Only Option
Trying to enforce the law could turn into a nightmare experience, even if you are a lawyer. You may need to pay more lawyers, private detectives, sheriffs and process servers. Your best option may be to contact a contingency buyer who specializes in buying roofing contractor judgments.
Without doubt, you can see how important judgement collection is to your bottom line. Moreover, you know the process of pursuing a debt and getting paid can be daunting and stressful.
How often have you got paid after winning a settlement through arbitration or litigation for which you fought hard and long to obtain in the court system? If you are not successful in getting your money fast, you ought to consider a viable option: judgement collection.
Judgement Collection Made Easy
As a creditor with a post-arbitration award or post-judicial judgment entered against a person or business, you understand getting the money you are owed can be frustrating and time-consuming. To facilitate the process of collecting your money, it is imperative that you consider a business to which to assign your post-arbitration award or post-judicial judgment for collection. Or, sell your settlement for FAST CASH.
Contrary to popular perception, not all judgment enforcement businesses are alike. In fact, some businesses that buy judgments or accept assigned judgments are actually unethical operators of fly-by-night businesses with which you must avoid and overlook.
Instead, seek out a financially stable company to which you can assign or sell your judgment(s) with peace of mind, knowing that you will get your funds immediately without any issue or stress.
Contact Us at Creative Judgment Solutions, Inc.
We specialize in judgment enforcement and recovery at Creative Judgment Solutions, Inc. — where we operate as a sound business, not a fly-by-night hobby. Having helped and served our clients for over 50 years, we know the process of getting paid can be frustrating, and we are sorry to see that valued clients like you are struggling with unpaid judgments.
Since we take judgment enforcement as seriously as you do, we would like to be assigned or purchase your judgment(s).
Whether you have a large portfolio of judgments or a single judgment, let the professionals at Creative Judgment Solutions, Inc. make judgement collection easy for you. Get your free quote now.
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 1-800-500-4345. We’ll help you get the settlement that you are due.
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?