Convincing a judge to award you a judgment on an outstanding debt may
seem like a small victory. You realize that the judgment may mean
nothing if the debtor has few if any assets to his or her name. Even if
you know about assets the debtor possesses, you still have to pay court
fees for putting a lien or levy on them.
Rather than put out
any more money on a case that has cost you hundreds or thousands of
dollars, you may simply find it best to sell the debt to one of the
companies that buy judgments.
A company that can give you cash for the judgment on property could
help you close the case entirely and move on with your life. Before you
sell a judgment lien on real property, however, you may want more
information about the process.
A company that offers you cash for a judgment lien on real property
may be able to give you most or all of what you are owed. The process
is similar to factoring invoices and accounts receivable for businesses.
In exchange for you selling the judgment or lien that the court
awarded you, you get upfront cash at a slight discount than the total
sum of the debt.
The company then takes possession of the
debt, relieving you from the hassle of trying to collect on it. You no
longer have to worry about whether or not the debtor is hiding assets or
has money to pay you. You have the cash you need in hand so you can
get on with your life.
You also can get the cash you need from
debts owed to you in a relatively short amount of time. It may only
take a matter of days for the business to verify the debt and pay you
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