Judgment Referral Companies

AppId is over the quota
AppId is over the quota

I am not a lawyer, I am a judgment matchmaker. This article is my opinion, and not legal advice. If you ever need any legal advice or a strategy to use, please contact a lawyer.

In my job, almost every day I read and hear statements similar to: "I've contacted about 100 judgment buyers, and they either tell me no, or do not respond at all. My judgment is guaranteed and my debtor lives very well in their mobile home, getting both social security and disability payments, so why won't anyone buy my judgment?"

In that example statement, the judgment owner has no idea that their debtor's situation, and that judgments are never guaranteed, are the reasons they have had no success with their one hundred tries.

Because of the economy, most judgment buying companies are now either partially or fully out of business. However, many leave their web sites up and running, providing an illusion that they will pay cash upfront for most judgments.

Most judgment buying companies ignore or turn down, far more than 99% of incoming judgments. When a judgment debtor is really rich, some will pay cash upfront for your judgment. If your debtor is not rich, the best of them will say no, others do not respond at all.

The right way to sell a judgment is to market and price it correctly. Only the debtor's available assets can satisfy a judgment. When the debtor is poor or unknown, your judgment is worth very little, no matter who you contact.

If you have contacted several judgment companies or contingency collection lawyers about your judgment, and have been ignored or turned down several times, the wrong thing to do is to continue contacting companies or contingency collection lawyers.

A smarter thing to do, is to list your judgment once with a referral or listing company; because for free, they help you find a qualified buyer or recovery solution.

Here is four other reasons why it makes sense to send your judgment to a referral company:

1) You send your judgment and information just once. This conserves your voice and your time. You specify your request once, instead of negotiating with too many people, that will not be able to help you.

2) They bring the best offers to you. The best do the shopping for you, finding better experts than you could, and match your judgment, and debtor to the best experts local to your debtor.

3) They specialize in referring any and all judgments and debtor situations, so you do not need to search and look through ads.

4) The best referral companies screen out flaky or unresponsive companies, so you avoid wasting time on them.

Whether you have a "slam-dunk" and easy-to-recover judgment, or a "lemon" judgment, using a referral company saves you time and money. They are not magicians, however they can help make hassles and time wasting disappear.

http://www.judgmentbuy.com/ - judgment enforcement. Nationwide judgment referrals. The easiest, fastest, and best way to get the most money for your judgment.

Mark Shapiro, the judgment matchmaker. We pay for judgment leads, and have the best quality free judgment referral leads for enforcers, collection agencies and contingency collection attorneys.

Judgment Quotes

AppId is over the quota
AppId is over the quota

I am not a lawyer, I am a Judgment Broker. This article is my opinion, and not legal advice. If you ever need any legal advice or a strategy to use, please contact a lawyer.

Usually, when you have a judgment, your judgment debtor will not pay you voluntarily. Most people do not want to read or think a lot about their judgment. Most people just want an instant quote from someone who will buy their judgment immediately.

The problem is, that is not how getting a quote for a judgment really works, unless you sell your judgment for less than one cent on the dollar. Anyone that buys a judgment must spend time and money, and take some financial risks, to try to recover money from it.

In this article, "buyer" means an expert qualified to estimate and quote a judgment's approximate value, which could be a judgment buyer, investor, recovery specialist, collection lawyer, or a collection agency.

Only a qualified judgment buyer can estimate and quote a judgment's real value, which is mostly an estimate of both the risks, and what might be available to levy from what the judgment debtor owns, to satisfy the judgment.

To get a price quote for a cash up-front purchase of a judgment, you need a copy of the judgment, and what you know about the judgment debtor and their assets. While the judgment debtor is unknown and/or has no assets, the value of a judgment is approximately zero.

An example of an unfindable debtor would be one having a name of (e.g.) Bill Smith, who was served with a lawsuit at a some transitory location, that could not be tied to anyone named Bill Smith. An example of a judgment debtor without assets would be one that has successfully filed for bankruptcy protection, or that has no attachable income or assets.

Presuming your debtor is known and has some assets, your judgment has some value. On a cash up-front sale, the buyer takes all the risks, so the price offered is always a small fraction of the face value of the judgment.

When you sell a judgment, there is always paperwork that usually must be notarized. Their paperwork includes both a contract and either an assignment of judgment form, or a lawyer's or an agency's retainer form. Before the buyer's paperwork is sent to you, they must calculate the approximate value of your judgment, factoring in all known and some unknown risks.

Most judgments have value, however their value is not insurable, is not guaranteed, and is unknown, except for a short time after an estimate by a qualified buyer.

Even if judgments were guaranteed, they could never be sold cash up-front for anything close to their face value because of the time value of money. $100 now is infinitely more valuable than $100 ten years from now. Getting a tooth pulled 20 years from now is more appealing than getting a tooth pulled today. A judgment pays over time, if it pays at all.

About 85% of a judgment's value is mostly an estimate of what the debtor can be made to pay from their available assets now, and 15% on what the debtor might be able to pay in the future. In today's economy, the value of a judgment depends 85% on "now". Now lasts a very short time, and many futures can change quickly.

The prices quoted for a judgment somewhat depends on the location of the debtor, because that effects how the judgment might be recovered.

The value of a judgment does not depend on you or your buyer, so shopping a judgment is not important, or at least not as important as shopping for anything else. Shopping your judgment is usually like shopping a $100 bill. The price stays near $100, no matter which buyer you show your $100 bill to.

One option is to send your judgment to one to five judgment buyers. Another option is to send your judgment to just one judgment broker. Sending your judgment to more than five buyers is a waste of their time and yours.

http://www.judgmentbuy.com/ - where Judgments and debts get recovered or purchased by the best - expertly matched for free, to your debtor.

Mark Shapiro, the judgment expert. We pay for leads, and have the best quality free leads for enforcers, collection agencies and contingency collection attorneys.

Why A Copy Of The Judgment Is Needed

AppId is over the quota
AppId is over the quota

I am not a lawyer, I am a Judgment Broker. This article is my opinion, and not legal advice, based on my experience in California, and laws vary in each state. If you ever need any legal advice or a strategy to use, please contact a lawyer.

A judgment is both a piece of paper, and a historical record system. A judgment includes records of certain specific events related primarily to getting, and trying to recover the judgment. Judgments are not cash, not guaranteed, and do not recover themselves.

When you contact a judgment broker, buyer, enforcer, collector, collection lawyer, or a collection agency; they will not do anything significant until they see a copy of your judgment.

No matter how much and what, you tell some person or entity about your judgment, they will not be doing much computer work, or researching your judgment debtor fully with public records, until they see the actual judgment. One exception can be if the person or entity is close to the court, and your judgment is big and looks easy to enforce, they might get a copy of your judgment themselves.

The reason a copy of a judgment is needed is because being named a judgment debtor is serious, and only the actual judgment can be counted on, to accurately name specific debtor(s) and the date and amounts on the judgment.

The proof of service for a judgment is often very important. Default judgments are weaker than contested judgments because on defaults, debtors might claim they were not served properly, even if they were.

As soon as you send the actual judgment paperwork, and what you know about the judgment debtor(s) and their assets; then you can get serious quotes, contracts, retainers, or agreements, for the purchase or recovery of your judgment.

There is no average, when it comes to how much documentation people keep for their judgment. Some people keep nothing. Some people keep only the one page with the court's stamp, that shows the amount owed.

Some people keep multiple copies of everything, including all receipts, court documents, notes, copies of email, proposed revisions of the lawsuit (the complaint), all work products, envelopes received, etc.

Keeping the one page "meat" of the judgment might work fine, however it is best to also keep a copy of the proof of service, and whatever is known about the judgment debtor(s). Also, keep all documents that evidence any previous steps taken to try to collect, such as writs of execution, levies, and liens.

You do not want or need to keep, copy, and send out a 40-pound pile of papers. You should keep what is needed and no more. What was important in the past should be re-evaluated a year later. I recommend you keep only the page(s) of the actual judgment, the proof of service, one copy of the final complaint, and anything that identifies the judgment debtor(s) and their assets.

Unless you use a judgment broker, you will have to send your judgment documents to several or many enforcers, because most enforcers are now very picky about which judgments they will buy or try to recover, in the current economic situation.

When you communicate with a judgment broker, buyer, collection lawyer, or an enforcer, keep focused on your judgment, and what is known about your judgment debtor(s). It does not help to ramble on about trivia or your dislike of your judgment debtor, or to send them too much documentation. After you find the right buyer or recovery solution, then you can send the extra documentation you may have.

Judgment documents can either be paper copies or PDFs. They cannot be printed dockets from court web sites only for many reasons, including court web sites are not consistent, and judgment amounts and other important information may be missing on court web sites, and they are not guaranteed to be accurate.

If you do not have a copy of your judgment, the court can make a copy for you for a very nominal charge. Your court might let you download a PDF of your judgment. If you hired an attorney, perhaps they have a PDF or a paper copy of your judgment.

http://www.judgmentbuy.com/ - where Judgments and debts get recovered or purchased by the best - expertly matched for free, to your debtor.

Mark Shapiro, the judgment expert. We pay for leads, and have the best quality free leads for enforcers, collection agencies and contingency collection attorneys.