subject: Judgment Listings [print this page] Judgment Listings Judgment Listings
I am not a lawyer, I am a Judgment Broker and referral expert. The internet has enabled three new ways to list a judgment for sale, recovery, or trade. There are three kinds of judgment listing web sites.The first model of an internet listing service is a "Judgment Marketplace", where one can buy, sell, and trade money judgments. At such a site you may register for free, and they list your judgment free for a "buy it now" price. The judgment seller pays a fee of 5percent when the judgment is sold. You can even trade your judgment for a fee of five% of the difference in the sale price of two judgments. The second kind of listing service is a "Judgment Money Exchange", where one can purchase and sell civil judgments. At such a site you can register for free, and they list your judgment for sale to the highest bidder. You can set a reserve price for the minimum bid, and a "buy it now" price. One may pay for an enhanced listing, and you then pay a final sale fee when the judgment is sold, between zero and five percent, depending on the final sale price.The third kind of listing service is a "Judgment Broker", where you can buy and sell money judgments, and also get paid for finding judgment leads. At such a site, (there is only one actual and original Judgment Broker company) no registration is required. For free, they list your judgment(s) for sale, or for regular judgment recovery, which always gets you a lot more money on a future-pay basis. A Judgment Broker is a listing and referral service, so you can specify what you want - cash up front, more money within a fixed (short) time period, or a lot more cash on a future-pay basis. Listing and selling a judgment is always free. The buyer or recovery professional pays nothing up-front, and agrees to pay 10% of any possible (eventual) net profit to the Judgment Broker. Half the ten% is always paid to the finder of the judgment lead, meaning the Judgment Broker keeps 5percent.All judgment listing sites require you to have a copy of your judgment and some information about your debtor, because only a debtor or a debtor's available assets, can pay and satisfy a judgment.The most common problem with using judgment listing sites, are that most judgment owners think their judgments are more valuable than the market is really willing to pay for them. Judgments are usually sold at a steep discount. Most judgments that sell for cash up-front, usually sell for one to ten % of their face (theoretical) value.The reason most judgments sell for very little cash up-front is that most debtors are poor. Another reason is that anything can happen. Debtors can file for bankruptcy protection, lose their homes, jobs, get sick, or die. Some debtors are experts at avoiding creditors. In many ways a judgment is like a painting. It might have sentimental value and look nice, but its value depends on the market, which means the price depends mostly on who painted it (who your debtor is).If your judgment has a wealthy debtor with massive available assets, you can sell the judgment for more money cash up-front. In this situation, you can also get paid more, and get paid more quickly, on a future-payment basis.
