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Re: Purchasing Debts from Final Judgment Holders

Posted by Ward-CA- on June 05, 2002 at 6:47 PM

In 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)
: - The initial offer (e.g., 10 cents on the dollar)
: - Whether the initial offer varies depending on whether the judgment holder is an individual or a corporation or whether it's a small claims judgment or circuit court
: - The upper range for an offer
: - Anything else you might suggest, including elaborating on the process?

: Thanks!

:
: JL
: Ward,

: In purchasing debts from final judgment holders, what are your recommendations regarding:

: - The method of initial contact (telephone or letter)
: - The initial offer (e.g., 10 cents on the dollar)
: - Whether the initial offer varies depending on whether the judgment holder is an individual or a corporation or whether it's a small claims judgment or circuit court
: - The upper range for an offer
: - Anything else you might suggest, including elaborating on the process?

: Thanks!

:
: JL

=•=•=•=•=•=•=•=•=•=•=

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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