If a property owner owes money to a creditor, the loan is often supported by a lien on a property the borrower owns. In the event the borrower fails to repay the loan per the agreement, the lender has the right to sue the borrower. Once the court has ruled in favor of the creditor, the creditor has the right to file a judgment lien. A judgment on property gives the creditor the right to sell the property.
Getting a judgment on a property is one thing. Receiving payment is something else again. If you are unable to locate your debtor’s assets, the judgment is of little use to you. If you find yourself with a judgment that you cannot liquidate, consider Mayflower Judgments, a company that purchases judgments for sale.
Although a creditor hopes he or she is in a position to locate the assets of the debtor, it often does not work that way. In cases like this, professional evaluators will determine if the lien qualifies. If it does qualify, the company will make you a cash offer. If the offer is acceptable, you can realize cash for the judgment lien in a matter of a few days.
There are advantages to selling a judgment on property the court has granted you. Rather than wait for years before you turn the judgment into cash, selling it allows you to get money quickly. Mayflower Judgments provide its professional services free-of-charge. The review it carries out on the property is without obligation on your part. The company does no extract a fee for their services and the pay cash quickly.