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Judgment recovery is a collections effort, and that means getting help to enforce or collect your judgment. Buyers can assist with any judgment collection attempts. This article is my opinion and is not, a legal opinion. I'm a judgment broker, and not an attorney. When you need legal advice or a strategy to use, please retain a lawyer. Many people attempt to sell a judgment as if it was a valuable car. Over the long term, a judgment is just valued at most, whatever available judgment debtor assets which are subject to attachment. With a cash up-front sale, a judgment is worth only what a buyer will really pay for them. Most web sites that claim they buy judgments, lie about how much they are willing to pay, and will only buy only the very few judgments having rich debtors. Many judgment creditors assume their judgment will become valuable one day. However, when they attempt to sell judgments for cash upfront, they're most often surprised to learn that due diligence on their debtor is needed. And, any possible offer is most often just a couple of cents on the dollar, because of the uncertainty and costs of judgment collection. With a cash up-front sale, the price (a percentage of the judgment's initial value) that a buyer pays for a judgment depends only on your judgment debtor's circumstance. When considering making their offer to purchase a judgment, judgment buyers factor in any possible future and current available debtor assets, and the potential risks and costs of recovery. In my job, almost every day I get asked "questions" like this: "I have a one hundred thousand dollar judgment which I have had for five years. During the last five years I have had 3 recovery attorneys and a judgment recovery specialist try to recover it, however not one of them had any success. My judgment debtor is probably in his seventies and must have assets some place, so how much can you pay me cash up-front for my judgment?" The problem is, these kinds of circumstances are known as "difficult judgments". Buyers only want an easy judgment where the judgment debtors own available assets far beyond what is needed to repay that judgment. I've seen a judgment sell at thirty-seven percent of its original amount cash upfront, as the judgment debtor was very wealthy. But, the typical judgment is tough, and sells at about 1-7% cash upfront. I know lots of judgment portfolio buyers; and if the judgment debtors don't have assets showing, the buyers most often pay under a penny per dollar. When the judgment debtors have concealed their assets or haven't any obvious assets showing, cash up-front offers to buy those judgments will be between nothing and a couple of pennies on the dollar. Most judgments are tough because the majority of judgment debtors cannot pay them off. The perfect judgment doesn't exist because the debtor would have paid or settled long before you had to sue them. By the time you get your judgment, the odds of collecting it get reduced. When no one can collect a judgment, then no one will want to purchase it either. The kind of judgments which buyers want are those that are easily collected. Mark D. Shapiro of: http://www.JudgmentBuy.com - The fastest and easiest free way to find the best professional to buy or recover your judgment.
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