As a serious contributor to the judgment recovery industry since 1997, of course I follow any and all available information having to do with my chosen field. Lately I've seen many, many articles and blog posts claiming that collecting "overages" from foreclosures is a better way to go than operating a judgment recovery business.
Apparently all of these posts have been written by the same person, who appears to be self-promoting a new program. And bắc kinh that's fine, of course. But if you happen to take a closer look, all you'll see is poorly written content that is basically nothing more than a new form of "Blog Spam" choking up the search engines with irrelevant information. This is an emerging marketing technique designed to boost search engine rankings. It actually works quite well if the campaign is conducted responsibly.
Folks, I promise you - there is nothing new about the methods being promoted to make money collecting judgments in these posts. The same principles apply to any traditional judgment recovery business. ALL of it boils down to enforcing civil money judgments, regardless of what "spin" you put on it.
Here's the kicker: you'll need to find judgment holders (the person who won the money judgment in court) whose debtors (the ones who owe the money) have lost their homes due to foreclosure. This entails looking up foreclosures and then conducting further investigation to determine whether that person also happens to owe a judgment. It's a simple process and bắc kinh there's nothing mysterious about it.
You will still need to:
Find the judgment holder's contact information.
Approach the judgment holder with a clear and appealing offer to assign the judgment.
Use the basic enforcement procedures necessary to seize the funds resulting from any overage due to the foreclosure.
Understand and comply with federal legislative Acts - like the Fair Debt Collection Practices Act, the Fair Credit Reporting Act and the Gramm Leach Bliley Act - to keep you out of any potential legal hot water.
Have a workable support solution and/or network of your industry peers.
And - obviously - you'll need to know how to operate legally within the court system.
If you can convince yourself that a training provider can deliver on these vital aspects - then go for it. This is not a get-rich-quick type of business, by any means, and it does require training and research. After all, you wouldn't hop into a car and drive if you didn't know how to operate a vehicle, would you? Of course not - you need to learn how first. You'll need a good instructor, as well.
Easy money? No. Worth it? Absolutely!
Judgment recovery is a great business and as the owner and founder of Sierra Judgment Recovery, I for bắc kinh one am proud to count myself an influential leader in this field. This post is certainly not meant to be self-promoting on my part. If you're shopping for judgment recovery training programs, or just curious about it, I'd encourage you to Google: "Judgment Recovery Training" to get a look at your options.
