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Re: It's always good, it never changes...

Posted by Stephen - CA on October 30, 2003 at 6:38 PM

In Reply to: It's always good, it never changes... posted by Ward-CA- on October 30, 2003 at 6:04 PM

: : Ward,
: : Are you actively in the judgement lien market? And how would you rate that market here in SoCal... Good, Bad, Average?

: ================================

: Stephen,

: I'm hiring my 18 year old grandson to ferret out the judgments that I want to buy. When he's settled down I will spend about $100,000 cash to buy approximately $1,000,000 worth of judgments over the next two years.

: There's no changing market in judgments. The pool just gets bigger and bigger and bigger.

==========================
Ward,

But what is the nature or extent of your competition. I've read in Forbes about small to medium-sized corporations buying these types of "paper" or debt. And I don't mean to sound naive, but what do you mean by "ferret out?" Thanks.


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