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Offering to sell a judgment is not like selling your home. If selling your house, the more people that know about it, the better chance of getting paid a higher offer. Selling your judgment is more similar to selling an old vehicle; the selling price is dependent on its age, model, condition; and preferably a qualified mechanic's estimate. My articles are my opinions and are not, legal advice. I am a judgment broker, and not a lawyer. If you want a strategy to use or legal advice, please contact an attorney. Any price offered for judgments doesn't depend on your requirements or who you send the judgment to; it depends on what State, the approximate age of your judgment debtor, and the debtor's available assets and situation. The majority of judgments can't be sold cash upfront for enough money to make the judgment owner happy. Any potential price paid for a judgment has nothing to do with the price you want to be paid or what company you talk to; it depends mostly on the due diligence performed on the debtor which shows they possess a certain amount of available assets. If your judgment debtor is unknown or cannot be found, has killed your judgment with bankruptcy, died, is poor, hidden all their assets, or is a company long out of business; nobody will offer to purchase your judgment for cash upfront. If you want to attempt to sell your judgment, the starting step is to make sure you've got, and can provide the correct paperwork; and that begins with a copy of the judgment. A default judgment will most often be worth less as they are weaker. On default judgments, be sure to also provide a copy of the court stamped proof of service which first noticed your debtor of the lawsuit. Besides the judgment-related court documents, you must supply whatever is known concerning the debtor(s), as few times as possible. If your debtor is a person, useful information includes how old they are, address, full or partial social security number, and whatever assets or income the debtor might possess. If the debtor is a company, their website, their address, any possible assets and income, and the most important of all, is the company still in business? How much will you get for your judgment on a cash up-front sale? Due to the uncertainty and risks of recovery, cash upfront prices paid for judgments always are a tiny percentage of the judgment's face value. Everything depends on your judgment debtor, and the typical judgment sells at one to seven percent cash up-front. If your judgment debtor(s) are wealthy you might be paid paid more. Most of the time, your best chances to get the most money from a judgment, is using a future pay contingency collection expert, that pays you at a minimum, at least half of what they collect over time. Especially when you don't have to assign your judgment, a future payment recovery professional is most often the best way to go for most judgment creditors. If the judgment debtor(s) are wealthy, you often get paid fast on a future contingency payment basis. How many buyers or judgment buying-related websites should you share a judgment documents with, for a potential purchase quote? No matter how many you contact, it all depends only on the debtor's situation. Lots of judgment owners waste a bunch of time attempting to get more than their judgment is actually worth. Consider a judgment broker. They are free to you, and using one means you just need to send your information once. That is important, as you shouldn't over-share your judgment debtor's private information. A judgment broker does all the shopping for you, and keeps all the personal information private. Brokers know the performance track records of the best judgment buyers that actually and reliably pay for judgments. One more advantage of using a broker is when your judgment turns out to be the kind which no one will purchase with a cash up-front basis, or pay enough for the judgment; judgment brokers refer you to the best contingency recovery experts. Another choice is to look on the internet for buyers of judgments, however don't get fooled by the "50%-75% cash upfront offers" as such advertisements are lies. Those buyers never have paid that much, and just buy about one percent of the judgments sent to them. Most of the time, the buyers will not buy most judgments. One more choice is a judgment marketplace, but however this is probably not free to you, and the judgment buyers there are usually the unwashed public, with unknown track records. Mark D. Shapiro of: http://www.JudgmentBuy.com - The fastest and easiest free way to find the best expert to recover or buy a judgment.
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