Once you win a judgment on real estate, you still have a ways to go to collect. In fact, only around 20% of judgments are collected because it’s a lengthy process and often isn’t complete before the judgment expires. However, there are other options. You can sell your judgment to a company such as Mayflower Judgments and get paid right away in cash.
How It Works
When you go to court and win a lawsuit, you may receive a judgment against the defendant. If they own real estate, you can get a judgment on real estate. The next step is collecting the judgment, which can take a lot of time and money. You may need to hire a lawyer or use a collection agency to collect. The best way to get paid quickly is to sell your judgment. The company has a simple and straightforward buying process, where they verify your judgment and offer you cash. You can decline the offer or accept it and walk away with cash in your pocket.
Why Sell Your Judgment?
The primary reason that people sell their judgment on real estate is that it allows them to collect without further expense. When you win a lawsuit, chances are that you are owed the money awarded to you in the judgment. You have already invested time and money in the process of collecting what is owed, and you can end the process right away. Rather than continuing with lawyers and other efforts to collect on your judgment, you can sell it right away and get paid.
