At first, it may seem great that you’ve won a court judgment against another party. You may expect to receive money for all the hassle you’ve gone through. The problem is that once the case is over, there is no real way to enforce the judgment. If the other party doesn’t have the money to pay, you won’t be receiving the funds. To deal with this, you may seek out a judgment lien on the debtor’s real property. Find out what you can do with this lien to get the money you’re owed.
Trying to Collect
Some judgment creditors make the mistake of trying to collect the debt on their own. This is a time consuming process that might not get you what you want. In fact, you can expect to shell out a lot of money to carry out the process. You’ll have to pay court fees, process serving costs, private investigators and maybe even a lawyer. In the end, you’ll recoup a lot less than you originally thought. This is why it makes more sense to take a different route with your judgment on property.
The Better Solution
One way to get paid without too much trouble is to sell your judgment for cash. By doing so, you can avoid the hassle of trying to enforce the judgment on property. You can also avoid spending money on the expenses associated with collecting money damages. By selling your judgment, you’ll get the best chance at a satisfying recovery.
For more information about selling a judgment, contact Mayflower Judgments.
