Selling Judgments and Liens for Upfront Cash

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 from being seized or levied.

When you need cash right now, you may be convinced to sell judgment awards or put up your lien property for sale. Rather than try to collect on a judgment lien on real estate, you can sell it for cash today and move on with your life.

You might wonder why you should sell your judgment lien on real estate that the court has awarded you. After all, is this not a sure fire way to collect on the money that is owed to you? Can you not just seize the property and sell it off at a profit?

In fact, debtors have more rights than creditors by law today. They can technically protect their assets by fling for bankruptcy. They also could try to get out of the lien by selling it out from under the creditor.

Rather than risk facing another legal fight that will be expensive and time consuming, you may find it more appealing to sell off your judgments and liens for cash. You already are without the money that the debtor owes to you. By selling your judgments and liens, you can get most or all of the money that is technically owed to you. You also hand off the hassle of trying to collect on it to someone else.

You are free to use the money you collect for selling your liens and judgments any way you please. You can move on with your life without worrying about those debts.