Everything in judgment recovery depends on outsourcing. Anyone buying or owning a judgment has to try to sell, recover, or settle it, to recover any money from it. Everyone recovering a judgment, including "Do-it-yourself" judgment owners recovering their own judgments, requires the services of courts and Sheriffs and/or process servers.
Sometimes judgment recovery also requires paying lawyers, private investigators, and a notary. Judgment recovery is not guaranteed, and any time or money spent trying to recover judgments, can be money down the drain. If you plan on outsourcing your judgment to a judgment buyer, enforcer, or a collection lawyer; a free judgment broker will save a lot of your time, and find you the right expert.
My articles are my opinions, and not legal advice. I am a Judgment Broker, and am not a lawyer. If you ever need any legal advice or a strategy to use, please contact a lawyer. There are four basic choices when you outsource a judgment:
1) Enforcing a judgment yourself: You manage and pay for everything and outsource to courts, Sheriffs, process servers, notaries, and possibly some other required experts, perhaps including a lawyer or a paralegal to type up motions or other legal documents. You may need to hire a private investigator to find the judgment debtor or their assets. A little bit of consultation might be all that is needed, to get over a little hump in your judgment recovery project.
2) Cash upfront judgment sales: Judgments usually sell cash upfront for a very tiny fraction of their face amount. The only outsourcing will be to a buyer and a notary, because you must assign it to the buyer.
3) Hiring a lawyer either by the hour, or on a contingency basis (charging you 35-50% of what is recovered on average) to try to recover your judgment. The only outsourcing will be to your attorney. Lawyers only accept the strongest judgments for recovery on a contingency basis.
4) Assigning your judgment to an enforcer, who will try to recover it on a future-pay contingency basis (charging you 50% of what is recovered on average) paying you after money is recovered. Enforcers will take many judgments on contingency that lawyers will not take on contingency. The only outsourcing will be to an enforcer and a notary, as you must assign your judgment to the enforcer.
When you want your judgment recovered, you always must outsource it in one way or another. Sometimes you can recover it yourself. If it does not work out, you can usually find an expert to help you recover it. Don't hesitate to pay for help when it makes sense for your situation.
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