In many types of larger purchases, the individual making the purchase is required to provide collateral when taking out a loan or borrowing money. A lien is simply an agreement that if the property owner does not repay the debt, the creditor obtains access to the property as a way to collect their debt. This…
When you borrow money from a creditor, you agree to pay off the loan over a specified amount of time. If you cannot pay or if you refuse to pay, the creditor can take the grievance to court. If you fail to appear in court or do not have a substantial defense, the judge can…
There are many good real estate techniques. One common one that is also one of the most profitable is traditional rentals, also called long-term rentals. When you buy and own rental properties and rent these out over the long term, you can make a significant amount of money. There are two important ways you can…
Property investment can be exceptionally lucrative, but it also has a high risk for investors. Numerous factors are significant challenges, such as bad tenants, declining house prices, and others. However, if done correctly, few investments are as successful. Here are ten tips for property investment. Choose a strategy. When getting started in property investment,…
Mayflower Judgments understands how frustrating it can be to make a debtor pay up. If you are losing money because you are not getting revenue from real estate, we understand you. Our company picks up real estate judgments for cold hard cash. That is right. We pay cash for your real estate judgment so you…
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,…
Nobody wants take another party to court if they don’t have to, and it’s always considered a last resort. If someone owes you a great deal of money and won’t pay, then you might not have any other option however. In a case where you’re awarded a judgment in court against someone who owes you…
Getting the court to award you a judgment or lien against a debtor may seem like a big victory at first. However, it can be an empty gestures if the debtor has few if any assets. It also may do no good if the person who owes you money has hidden his or her assets…
Are you thinking about selling your judgment? If so, you may find that the entire process is complex and time-consuming. This is why finding someone who is buying judgment property like this can be the better option. When there is a judgment lien on real property, you do have this option. Though many people do…
Anyone who has won a judgment knows that winning a judgment is no guarantee that it will ever get paid. Most judgments are never paid. After waiting for months or even years, the creditor will attempt to sell the judgment. Mayflower Capital Company is in the business of purchasing real estate judgments, and liens throughout…