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Judgment purchasers prefer to purchase judgments that look easy to enforce. An ideal judgment to purchase is one that is against a wealthy person or company having no other judgments or debts; having lots of assets for example properties, expensive cars, boats, or planes, having no previous loans or liens on the assets. Alas, very few judgment debtor circumstances are like that. Before you buy judgments, you should learn a lot about the debtor's circumstances, and verify they have not filed for bankruptcy protection. My articles are my opinions and are not, legal advice. I'm a judgment referral expert, and not a lawyer. If you ever want legal advice or a strategy to use, please contact a lawyer. There's several reasons to buy judgments with a single one-time cash upfront transaction. Cash upfront judgment sales offer some advantages, including not having to split any potential collections made, or having to listen to original judgment creditors. You also enjoy the freedom to make a quick profit; and move on if you choose to, not needing to answer to anyone. Another important benefit to cash up-front judgment sales is they are allowed in almost all courts. In certain court, states, and with certain judges; assignees of record enforcing judgments with future payment agreements to purchase the judgments, aren't allowed post-judgment enforcement procedures in courts. One of the best reasons to buy a judgment, is to attempt to quickly settle the debt with your debtor. You might attempt to politely contact your debtor, and suggest settling the judgment debt in a way which saves them a lot of money, yet provides you a good profit margin. The goal is to make a reasonable profit soon, instead of beginning the usually long and expensive enforcement procedure to attempt to collect the judgment. Other reasons to buy a judgment are to later attempt to sell or enforce it, without needing a debtor's cooperation. The best way to buy a judgment is to purchase the judgment cheap enough so that you have a decent chance to earn a profit, either by settling or enforcing the judgment. The problem is that most judgment creditors wildly over-value the actual market worth of a judgment. Experienced judgment purchasers pay around 1% to 4% for average judgments, if the debtor doesn't seem able to pay even a portion of the judgment. When debtors own assets, sometimes judgment purchasers will pay more. Because a a bankruptcy filing can instantly make most judgments worthless, is the biggest reason nobody pays big money upfront for judgments. When you purchase a judgment, you must get the judgment seller notarize the assignment of judgment to you; and sign your buying agreement, to buy their judgment. Do not pay too much, until the judgment gets assigned to you, and that assignment gets stamped by the proper court. When the debtor won't settle, then you can start the often difficult and expensive path to try to enforce the judgment. If you collect a judgment that you bought, keep in mind that recovering every dollar is not as important as making a fast profit, and thinking about the next judgment purchase. If you are paid, you need to satisfy the judgment with a notarized judgment satisfaction stamped by the court, and mail the original copy of the judgment satisfaction to your former judgment debtor. Keep a copy of the court-endorsed satisfaction of judgment in your records. http://www.JudgmentBuy.com - Judgment Recovery. The free, easiest, best and fastest chance to collect your judgment cash nationwide for 33% or less, international for 50%. Mark D. Shapiro - Why assign your judgment?
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