If you have a judgment on real estate, it can take a long time to collect. You have already been through a lengthy process, starting with the lawsuit. Once you win and get the judgment, you have to collect. On average, only 20% of people collect because it is another long and arduous process. However, you can sell your judgment that is secured by real estate to a company such as Mayflower Judgments.
Selling Your Real Estate Lien
Most people find that it is difficult to collect on a judgment on real estate. It takes a lot of time, and if you don’t get started right away, the lien can expire. When you sell your judgment, you get paid right away in as little as 48 hours. You don’t have to hire a collection agency or use attorneys.
When you go to sell your judgment, you start with an appointment. The evaluator will go over the judgment and make sure that it is qualified. They will make you an offer, and you can decide whether to take it.
What Kind of Judgment Can You Sell?
If you want to sell a judgment on real estate, there are many different types that they buy. This includes first, second, and third mortgages as well as first, second, and third deeds of trust. They will buy installment land contracts, contracts for deed, and mechanics liens. They also buy tax liens, divorce, civil, and deficiency judgments. They also buy bankruptcy liens and more, as long as they are secured by real estate.