Real Estate Judgment Services

by | Dec 23, 2019 | Financial Services

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In many cases, it is far easier to win a court judgment than it is to collect. Once a creditor has gone through the legal process and gets a court judgment against a debtor, there is every reason to believe the case is complete. However, this is often not the case. Collecting the judgment you were awarded is an entirely different process. At this stage, manysuccessful claimants turn to a company that offers real estate judgment services. Collecting a judgment is not a simple, straightforward process. A lot depends on the nature of the debtor’s assets.

If you have no time or inclination to go through the process of collecting the judgment you were awarded, you can sell it to Mayflower Judgments. Different companies approach the situation differently. Some, like Mayflower, offer a quick cash settlement, while others will pay only when
they have gone through the tedious and time-consuming process of collecting the judgment.

You may have tried everything, including garnishing the debtor’s wages, attaching his or her bank account, or placed a lien on the residence. Even after taking these steps, there is no guarantee that the debtor will pay the debt. In the event the judgment was for lost wages or property damage,
it can be challenging to collect. Perhaps you do not have the financial resources to allow you to wait for the judgment to be paid by the debtor. Most collection agencies cannot help. However, companies who are in the business of buying judgment solutions can pay cash now and wait to collect once the judgment has finally been settled. Of course, you cannot expect the company that is buying the judgment to pay it in full. The amount the company will pay depends on a host of factors, which include the age of the debt, the amount, as well as the financial status of the debtor.

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