I am not a lawyer, I am a Judgment Broker and referral expert. The web has enabled several new ways to list a judgment for sale, recovery, or trade. There are three kinds of judgment listing web sites. The first type of web listing service is a "Judgment Marketplace", where one can buy, sell, or trade civil judgments. At such a site you can register for free, and they list your judgment free for a "buy it now" price. The judgment seller pays a fee of 5% when the judgment is sold. You can even trade a judgment for a fee of 5% of the difference in the sale price of two judgments. The second type of listing service is a "Judgment Money Exchange", where one can buy and sell civil judgments. At such a site you can register for free, and they list your judgment for sale to the highest bidder. You can specify a reserve price for the minimum bid, and a "buy it now" price. You can pay for an enhanced listing, and you then pay a final sale fee when your judgment is sold, between zero and five percent, depending on the final sale price. The third type of listing service is a "Judgment Broker", where one can buy and sell civil judgments, and also get paid for finding judgment leads. At such a site, (there is only one actual and original judgment broker company) no registration is required. For free, they list your judgment for sale, or for regular judgment enforcement, which always gets you a lot more money on a future-pay basis. A Judgment Broker is a listing and referral service, so you can specify what you want - cash up front, more cash within a fixed (short) time period, or a lot more cash on a future-pay basis. Listing and selling your judgment is always free. The buyer or recovery expert pays nothing up-front, and agrees to pay 10% of their possible (eventual) net profit to the Judgment Broker. Half the 10% is always paid to the referrer of the judgment lead, meaning the Judgment Broker keeps 5%. All judgment listing sites require you to have a copy of the judgment and some details about the debtor, because only a debtor, or a debtor's available assets can pay to satisfy a judgment. The most common problem with using judgment listing sites, are that most judgment owners think their judgments are more valuable than the market is actually willing to pay for them. Judgments are usually sold at a steep discount. Most judgments that sell for cash up-front, usually sell for one to ten percent of their original (theoretical) value. The reason most judgments sell for very little cash up-front is that most debtors are poor. Another reason is that anything can happen. Debtors can file for bankruptcy protection, lose their homes, jobs, get sick, or die. Some debtors are experts at avoiding creditors. In many ways a judgment is like a painting. It might have sentimental value and look nice, but its value depends on the market, which means the price depends mostly on who painted it (who your debtor is). If your judgment has a wealthy debtor with massive available assets, you can sell the judgment for more money cash up-front. In this situation, you can also get paid more, and get paid more quickly, on a future-payment purchase. --- Mark D. Shapiro - Judgment Referral Expert - http://www.JudgmentBuy.com - where Judgments go to get Purchased or Enforced! We help everyone make money!
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