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Judgment Quotes

By Mark Shapiro

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Published: 13Mar2012
Word count: 1133
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I'm not an attorney, I am a judgment expert. This article is my opinion. If you ever want a strategy to use or legal advice, please contact an attorney.

When you have a judgment, the debtor won't repay you willingly. Many judgment owners don't want to think or read too much about a judgment. Many judgment owners only want a quick quote by a buyer that will purchase a judgment now.

Unfortunately, that's not the way finding a judgment quote actually happens, unless one sells their judgment for under a penny on the dollar. Anyone who purchases judgments needs to spend money and time, and own some financial risks, to attempt to get it satisfied.

For my article, "buyer" describes a qualified expert to quote and estimate a judgment's approximate worth, that might be a judgment investor, buyer, collection lawyer, recovery specialist, or perhaps a collection company.

Only a qualified judgment buyer can quote and estimate a judgment's actual worth, that is primarily an estimate of both risks, and what could be available to levy from what the debtor owns, to repay a judgment.

For a price estimate on the cash up front purchase of your judgment, you must have a copy of your judgment, and what is known about your debtor and their assets. When a debtor is has no assets and/or is unknown, the worth of a judgment is about nothing.

One example of an unfindable debtor might be with the name of (e.g.) Bill Smith, who was served a lawsuit at a temporary place, that could not be associated to someone with the name of Bill Jones. One example of a debtor with no assets might be one who has successfully went bankrupt, or who hasn't any available assets or income.

Assuming your debtor has some assets and is known, the judgment has a value. With a cash up front sale, a purchaser assumes all risks, so any price paid is always a tiny percentage of the nominal judgment face value.

If one sells judgments, there always is paperwork which often needs to get notarized. Their paperwork has both a contract and either a lawyer's or an agency's retainer form, or an assignment of judgment form. Before a buyer's contract gets returned to a judgment owner, they need to approximate and calculate worth of a judgment, including in most unknown and known risks.

Many judgments have a worth, but a judgment's worth isn't guaranteed, not insurable, and is not known, except for the time period near a quote from qualified buyers.

Even if a judgment were guaranteed, they would not get sold for cash up front at anything near their listed value due to the time value of money. A hundred dollars now is way more valuable than a hundred dollars 10 years later. Having your tooth pulled twenty years later is a lot appealing than having your tooth pulled now. Judgments pay over time, if they pay at all.

Approximately eighty-five percent of a judgment's worth is primarily a prediction of what a debtor might be convinced to repay with their current available assets, and fifteen percent on what the debtor may be convinced to repay later. With the current economic situation, the worth of judgments relies eighty-five percent on "now". Now passes quickly, and many futures can change quickly.

The prices quoted on judgments somewhat depends on the location of your debtor, because that affects how a judgment may get collected.

The value of judgments doesn't have anything to do with your buyer or you, so shopping your judgment isn't important, or at least not as important as shopping for anything else. Shopping a judgment is much similar to shopping a hundred dollars bill. The price will stay near a hundred dollars, no matter which buyer you offer a hundred dollar bill to.

One option is to send a judgment to 1 to 5 judgment buyers. Another option is to send the judgment to only 1 judgment broker. Sending a judgment to more than 5 judgment buyers is a waste of your time and theirs.

http://www.JudgmentBuy.com - Judgment Enforcement - where Debts and judgments quickly get enforced by an expert - matched expertly for free, to the debtor. Mark Shapiro, a expert on judgments. We pay for leads, and offer the best no obligation free leads for collection agencies, enforcers, and contingency collection lawyers.

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