When someone sues another person in a court of law, they may be awarded judgment and record a lien against property. This lien gives the creditor the right to take possession of the property if the debtor doesn’t fulfill their obligations. Once you obtain the lien, the process doesn’t end. You still have to invest the time and money to collect. You can go to a company such as Mayflower Judgments, and they will pay you cash for the lien.
What They Do
A company that purchases a lien on a property will specialize in this type of purchase. They have an excellent understanding of the types of issues that can occur when you are trying to collect your lien, and they have experience in this type of collection. If you make an appointment, they will evaluate your lien and pay you cash for it. Then, you are finished with the process, and they will worry about collecting on the lien. This makes the process end for you, and you won’t need to hire lawyers and use collection agencies to collect on your lien.
Benefits of Selling Your Lien
The primary benefit of selling your lien against property is that you can collect the money that is owed to you in as little as 48 hours. When you work with a company that buys judgments and liens, they offer this service because they know that you aren’t an expert in lien collection, and you probably don’t have the time or want to put forth the resources necessary to collect. These professionals have a great deal of experience, and they know how to collect. In addition, sometimes liens are personal in nature, and you can remove yourself from the collection process.
