Selling your judgment is legal. It is no different from selling any other personal property that you own. When you elect to sell your judgment, you are “washing your hands” of the entire affair. You, as the winning party in the lawsuit, have every right to sell your judgment. The party that buys it steps into your shoes and is the new judgment creditor. Any enforcement actions that the purchasing party brings are in their name. You have no further involvement or legal liability. If you have been awarded a civil judgment, a divorce decree judgment, probate judgment, etc. and you wish to avoid the problems associated with collecting, consider selling your judgment for cash.
If the debtor has no visible assets or cash in the bank, collecting on the judgment may be impossible. However, if the debtor owns real estate with equity, there is a very good chance that you can sell the judgment to Mayflower Judgments and have cash within a few days. The buyer will take into account the equity your debtor has in his or her property. The cost of judgment enforcement and an estimate of expenses will be deducted from the potential amount that can be collected. Once the details are known, the judgment buyer will make you a cash offer. There is one thing that you must remember. There is no guarantee that a judgment can be enforced. Judgments are not cash.
Selling your judgment for cash is by far the quickest and easiest way to recover a significant portion of the debt owed to you. If you consider the time, the effort, and the cost of taking legal action, it may not be worth it. The courts are of little help when it comes to collecting what you are owed. There is no way that you can force your creditor to pay. Either the creditor will pay willingly, or you will have to put a lot of effort into making them pay. When you opt to sell your judgment, get the terms you have agreed upon in writing. Both parties must sign the agreement. Once this step has been completed, you can disown the issue.
