The Truth About Judgment Quotes

I am not a lawyer, I am a judgment broker. This article is my opinion. If you ever need a strategy to use or legal advice, you should contact an attorney.

Usually, when you have a judgment, your debtor will not repay you willingly. Most judgment owners do not want to think or read a lot about their judgment. Most judgment owners only want a quick quote from someone that will purchase a judgment now.

The problem is, that is not the way finding a judgment quote really works, unless you sell your judgment for under a penny on the dollar. Anyone who buys judgments must spend time and money, and take some financial risks, to attempt to get it satisfied.

In this article, "buyer" means a qualified expert to quote and estimate a judgment's approximate value, that could be a judgment investor, buyer, recovery specialist, collection lawyer, or a collection agency.

Only a qualified judgment buyer can estimate and quote a judgment's actual value, that is mostly an estimate of both the risks, and what could be available from what the debtor owns, to repay the judgment.

For a price estimate for a cash up front purchase of a judgment, you must have a copy of the judgment, and what is known about the judgment debtor and their assets. While the debtor is has no assets and/or is unknown, the value of a judgment is about zero.

An example of an unfindable judgment debtor might be one with the name of (e.g.) Bill Smith, who was served with a lawsuit at a temporary place, that could not be associated to someone with the name of Bill Smith. One example of a judgment debtor without assets would be one who has successfully went bankrupt, or that hasn't any available assets or income.

Presuming your debtor is known and has some assets, the judgment has some value. With a cash up-front sale, the buyer assumes all the risks, so any price offered is always a small fraction of the nominal judgment face value.

If one sells judgments, there always is paperwork that often must be notarized. The paperwork includes both a contract and either an assignment of judgment form, or a lawyer's or an agency's retainer form. Before the buyer's contract gets sent to a judgment owner, they need to approximate and calculate worth of a judgment, including in most known and some unknown risks.

Most judgments have a value, but their worth isn't guaranteed, not insurable, and is not known, except for the time period after a quote by a qualified buyer.

Even if judgments were guaranteed, they could not get sold for cash up front for anything close to their face value due to the time value of money. $100 now is way more important than a hundred dollars 10 years from now. Having your tooth pulled 20 years later is more appealing than getting your tooth pulled now. Judgments pay over time, if they pay at all.

Approximately 85% of a judgment's worth is primarily an estimate of what the judgment debtor might be able to repay with their available assets now, and fifteen percent of what the judgment debtor might be convinced to pay in the future. In the current economy, the worth of judgments depends 85% on "now". Now lasts a very short time, and most futures can change quickly.

The price you are quoted on judgments depends somewhat on the location of your judgment debtor, because that affects how a judgment may get recovered.

The value of judgments doesn't have anything to do with your buyer or you, so shopping your judgment is not important, or at least not as important as shopping for anything else. Shopping your judgment is usually like shopping a hundred dollars bill. The price will stay near $100, no matter which buyer you offer a $100 bill to.

One option is to send a judgment to 1 to five judgment buyers. Another option is to send the judgment to only 1 judgment broker. Sending your judgment to more than five judgment buyers is a waste of your time and theirs.

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<!DOCTYPE HTML PUBLIC '-//W3C//DTD HTML 4.01 Transitional//EN' 'http://www.w3.org/TR/html4/loose.dtd'><html><head><title>ARTICLE HOUSE ARTICLES | The Truth About Judgment Quotes</title></head><body><h3>The Truth About Judgment Quotes</h3><br><br> By: Mark Shapiro<br><br><p><p>I am not a lawyer, I am a judgment broker. This article is my opinion. If you ever need a strategy to use or legal advice, you should contact an attorney.</P><p>Usually, when you have a judgment, your debtor will not repay you willingly. Most judgment owners do not want to think or read a lot about their judgment. Most judgment owners only want a quick quote from someone that will purchase a judgment now. </P><p>The problem is, that is not the way finding a judgment quote really works, unless you sell your judgment for under a penny on the dollar. Anyone who buys judgments must spend time and money, and take some financial risks, to attempt to get it satisfied.</P><p>In this article, "buyer" means a qualified expert to quote and estimate a judgment's approximate value, that could be a judgment investor, buyer, recovery specialist, collection lawyer, or a collection agency.</P><p>Only a qualified judgment buyer can estimate and quote a judgment's actual value, that is mostly an estimate of both the risks, and what could be available from what the debtor owns, to repay the judgment.</P><p>For a price estimate for a cash up front purchase of a judgment, you must have a copy of the judgment, and what is known about the judgment debtor and their assets. While the debtor is has no assets and/or is unknown, the value of a judgment is about zero.</P><p>An example of an unfindable judgment debtor might be one with the name of (e.g.) Bill Smith, who was served with a lawsuit at a temporary place, that could not be associated to someone with the name of Bill Smith. One example of a judgment debtor without assets would be one who has successfully went bankrupt, or that hasn't any available assets or income.</P><p>Presuming your debtor is known and has some assets, the judgment has some value. With a cash up-front sale, the buyer assumes all the risks, so any price offered is always a small fraction of the nominal judgment face value.</P><p>If one sells judgments, there always is paperwork that often must be notarized. The paperwork includes both a contract and either an assignment of judgment form, or a lawyer's or an agency's retainer form. Before the buyer's contract gets sent to a judgment owner, they need to approximate and calculate worth of a judgment, including in most known and some unknown risks.</P><p>Most judgments have a value, but their worth isn't guaranteed, not insurable, and is not known, except for the time period after a quote by a qualified buyer. </P><p>Even if judgments were guaranteed, they could not get sold for cash up front for anything close to their face value due to the time value of money. $100 now is way more important than a hundred dollars 10 years from now. Having your tooth pulled 20 years later is more appealing than getting your tooth pulled now. Judgments pay over time, if they pay at all.</P><p>Approximately 85% of a judgment's worth is primarily an estimate of what the judgment debtor might be able to repay with their available assets now, and fifteen percent of what the judgment debtor might be convinced to pay in the future. In the current economy, the worth of judgments depends 85% on "now". Now lasts a very short time, and most futures can change quickly.</P><p>The price you are quoted on judgments depends somewhat on the location of your judgment debtor, because that affects how a judgment may get recovered.</P><p>The value of judgments doesn't have anything to do with your buyer or you, so shopping your judgment is not important, or at least not as important as shopping for anything else. Shopping your judgment is usually like shopping a hundred dollars bill. The price will stay near $100, no matter which buyer you offer a $100 bill to. </P><p>One option is to send a judgment to 1 to five judgment buyers. Another option is to send the judgment to only 1 judgment broker. Sending your judgment to more than five judgment buyers is a waste of your time and theirs.<br></P></p> <br><br> <b>Author Resource:-></b>  <a href="http://www.JudgmentBuy.com">http://www.JudgmentBuy.com </a>- <a href="http://www.JudgmentBuy.com">Judgment Enforcement</a> - where Judgments and debts quickly get recovered by an expert - matched expertly for free, to the debtor. <br> <br>Mark Shapiro, the expert on judgments. We pay for leads, and offer the best quality free leads for collection agencies, enforcers, and contingency collection attorneys.<br><br><b>Article From</b> <a href='http://www.articlehouse.net/'>ARTICLE HOUSE ARTICLES</a><br></body></html>