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How much will you pay for this judgment? This question makes judgment recovery specialists and buyers roll their eyes. This is because that kind of silly question tells the expert that individual hasn't any concept of what judgments are; and also, the expert can expect a long and frustrating conversation ahead, with no sale. My articles are my opinions and are not, legal advice. I am a judgment expert, and not an attorney. When you ever want a strategy to use or legal advice, you should contact an attorney. A judgment is only a piece of paper. If you spend money and time, judgments offer a chance to recover some money eventually. All judgments are situations which depends on the document from the court, the local laws, the current and future circumstances of the debtor, and the debtor's income sources, assets, and debts they owe. Most often, if the debtor files for bankruptcy, judgments are worthless. Many people believe their judgments have great value, even with no debtor. Nothing could be further away from the truth. Without possible assets coming from a debtor, a judgment is nearly always worth zero. Anyone failing to provide debtor information along with the judgment, will never get a real price for the judgments' possible purchase. How much you get for a judgment sale, depends on the complete copy of the judgment and due-diligence done on the debtor; to predict the odds for a possible recovery. Judgments are not a fungible item as a gold bar is, the cash up-front value of a judgment depends on your specific judgment debtor and lots of research. Here are the 5 mistakes which too many judgment owners often make, when trying to get someone to buy a judgment: 1) Requesting a quote over the phone. Nobody can provide a valid cash upfront judgment sale quote using the telephone. 2) Sending the judgment without any debtor info; or providing some documents, however not the judgment itself. 3) Emailing a short time response time limit, or firm selling price; to let somebody buy your judgment. Most judgment buyers throw incoming copies of judgments in the trash; if the creditor sends requirements such as "I am willing sell you my $15,000 judgment for $7,500 if you will buy it within 24 hours". 4) Over-shopping. If you forget who you sent your judgment to, that means you shopped it way too much. Whatever you could be for a judgment depends only on your judgment debtor's available assets, not on whom you discuss your judgment with with, and/or send the judgment to. 5) Attempting to force buyers compete for a judgment. Nothing discourages a judgment buyer faster than somebody saying "I have sent this to twenty other judgment buyers, and I will sell My judgment to whoever offers me the most money". Quoting a cash up-front sale costs a lot of time and (most of the time) some money. What motivation is there for some buyer waste their time, if there's a strong chance all the work is going to be for nothing? If the judgment is a lemon, nobody will purchase your judgment. If your debtor is really rich, the price you get will be almost the same amount, and it does not matter where you send it. When you are trying to sell a judgment, make sure you provide a legible copy of it and what is known about the judgment debtor. What a rotten cheater your judgment debtor is, is not important. Your debtor's approximate age, previous address, and the debtor's possible income or assets; all will help you get a realistic quote to sell judgments. Judgment collection is a recovery attempt, which means to collect or enforce a judgment. Buyers are available and can help with your judgment recovery attempts. Mark Shapiro of http://www.JudgmentBuy.com - The fastest and easiest free way to find the best expert to recover or buy any judgment.
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