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Foreclosure Forum |
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Re: Purchasing Debts from Final Judgment HoldersIn Reply to: Purchasing Debts from Final Judgment Holders posted by Jack Lo on June 04, 2002 at 9:44 PM : Ward, : In purchasing debts from final judgment holders, what are your recommendations regarding: : - The method of initial contact (telephone or letter) : Thanks! : : In purchasing debts from final judgment holders, what are your recommendations regarding: : - The method of initial contact (telephone or letter) : Thanks! : =•=•=•=•=•=•=•=•=•=•= Jack, If you have a phone number then call them by all means. We don’t have any resistance when offering 10 cents on the dollar for a 5 year old judgment. So if the judgment creditor wants more we back off and wish them well and tell them to give us a call anytime if they aren’t successful in selling it in the next 3 months. We deal with small claims judgments and mostly individuals as judgment creditors. As you probably know if you’ve browsed our different pages here, we have a 5 hour class on the topic of buying judgments.
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