When a creditor wins a judgment case against the debtor, they still have to collect the money. A judgment lien is a legal tool that gives the contractor the right to take possession of the debtor’s property. In an event that the debtor fails to clear their debt, it gives the creditor more options to get their money back.
To avoid the hassle associated with the collecting process, there are some tried and tested tips that you can follow to find a trustworthy company for selling judgment lien on real estate.
Research
Your search for a company for judgment lien on real estate starts with extensive research. For this purpose, you can ask your relatives, colleagues, and neighbors for referrals, or you can also do some research on the internet or social media.
Quote
Once you have done enough research, consider enlisting all the companies. Start contacting them one by one to learn more about them. Ask them for quotes and compare all of your quotes to find the least expensive one.
Testimonials
If you conduct online research, you should know that the rating is not enough to evaluate a company. So, it’s a good rule of thumb to go over the customers’ reviews to gain a better insight. A professional company, such as Mayflower judgments, will not hesitate to provide you with their previous clients’ testimonials. Make sure to sign a contract so you don’t end up losing your money.
