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Thursday, February 16, 2017

With small judgments, maybe just record a lien

Q) I tried JudgmentMarketPlace.com to sell my $3,000 Michigan judgment; and the results were mostly tire kickers, and every judgment "buyer" there was a flake. Then I sent my judgment to you at JudgmentBuy.com, and you said no buyers will buy my judgment because "my judgment is too small, and my debtor owns no home and no job". Why won't anyone buy small judgments?

A) Every judgment buyer buys judgments only to later recover them. It costs money, often hundreds of dollars (or more) to recover a judgment, and sometimes the money spent is lost. That is why judgment buyers and judgment recovery experts usually do not take relatively tiny judgments, especially when the judgment debtor has no obvious available assets showing.

It is smart to simply record a judgment lien, and just wait for your debtor to (buy property, inherit property, or notice the lien on their credit report) with small judgments, when your debtor has no obvious available assets showing.

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Mark Shapiro, judgment expert, judgment broker,
judgment writer, and a smile chaser. Visit:  http://www.JudgmentBuy.com

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