Selling Real Estate Judgments without Losing Out

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 a substantial amount of money, you’re entitled to place a judgment lien on any real estate they own.

Real estate judgments ensure that you’ll get your money as soon as the property is sold, refinanced or transferred to another owner. Property owners can take quite some time to do any of these things, however, which is why selling your judgment is often your best bet to recover money quickly.

Agencies are usually able to leverage outside financial equity, so they can afford to buy real estate judgments and sit on them for as long as it takes to get cash out of them. While these groups may not pay you the full value, this shouldn’t matter in most cases. Since it’s going to take so long to convert the lien into cash anyway, it’s much better to take a lump sum now than try to wait out the crisis.

You may have heard people say that selling your judgment is a bad idea since the amount you’ll get is orders of magnitude less than what you’re owed. Admittedly, there have been a number of firms that essentially cheat their clients by quoting them a low offer on judgments that were made in their favor.

If you hold a judgment lien on real property belonging to someone who owes you money, then make sure you get the most for your settlement. You’ll want to work with seasoned legal professionals who will make you the best possible quote so you can walk away with the cash you deserve. Contact today for a free review of your case.