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Provide
a valuable community service while making a great income
from home!
Judgment
recovery is one of the most legitimate, solid business
opportunities available today. It's not Multi-Level
Marketing, network marketing or any other kind of 'get-rich-quick'
scheme, as are so many of the opportunities we are bombarded
with today.
This is
a valuable, much needed service in any community. There
is truly little, or no competition anywhere! Why? Because
this is an unheard of service industry in it's infancy
- but soon it's going to explode!
This is
the niche to fill before everyone else catches on to
the vast amount of opportunity available at their local
court house.
Let's talk
about why this is such a needed service. When a person
takes a dispute to court and wins, he or she is awarded
a judgment, usually for money. Unfortunately, 79% of
judgments awarded in court are never collected.
Each year
billions of dollars awarded in court go uncollected
because the courts can't force the debtor to pay. Although
there are powerful legal tools available to the holder
of the judgment that are designed specifically to enforce
the payment of the judgment, the sad truth is most people
don't know how or where to begin.
This
is where the Judgment Recovery Specialist plays a valuable
role.
The judgment
holder can legally assign the judgment to someone else
to enforce it for them. The person assigned the right
to collect the judgment can then pursue the collection
of the judgment as if it were their own.
Civil judgments
are assignable in ALL 50 states, as well as Canada,
Australia, or any country who's laws are based on the
Westminster Judicial System. Essentially, any country
that has had anything to do with English settlement.
The laws in such countries tend to be based on very
generic and consistent methods for the enforcement of
judgments.
Judgments
are valid for an average of ten years in most states,
and they are typically renewable if they are renewed before
they expire. After a couple of years have passed, the
average person who has been unable to enforce their judgment
will usually forget about it and go on with their life.
This is money they have essentially written off.
We will
show you the most effective ways to contact these judgment
holders; and how to obtain more of these judgments to
collect than you can handle.
When the
judgment holder receives our special letter from you
informing them that you can enforce their judgment,
without any up front fees coming out of their own pocket,
they will be very excited about the prospect of receiving
money from the useless piece of paper they've been holding.
To them, 50% of something is better than 100% of nothing.
And no,
that wasn't a typo!
You can
negotiate any percentage of the judgment to keep for
yourself that you feel comfortable with, but most people
have no problem with letting you keep 50% of what you
collect for them.
Let's look
at an example. A judgment has been awarded two years
ago for $5,257.00. The judgment holder assigns the judgment
to you for enforcement. Figuring in post judgment interest
at the rate of 10%, the judgment is now worth $6,308.40.
You've been assigned to enforce the judgment keeping
50% of what you collect. Your portion for a few hours
worth of work will be $3,154.20. Not bad!
We are not
talking about standard collection methods here! A collection
agency will send dozens of ineffective, annoying collection
letters that may result in only a 15% collection ratio.
After that, they tend to let the judgment fall by the
wayside.
A judgment
creditor has the legal right to seize bank accounts,
garnish wages, and place liens on or seize personal
property and force a sale. All of these procedures are
carried out through the court system. If you choose
not to, you will never even have to contact the debtor.
All you have to do is occasionally have them served
with legal documents through the mail.
Let's
look at an average jugment enforcement case study:
Click
on the link below to open a new window and read
about how an average judgment recovery case goes
from start to finish (this window will remain
open):
One of the
greatest benefits about your own home-based judgment
recovery business is the income. While it isn't likely
that you'll get rich over night, a judgment recovery
business can produce a substantial, reliable and steady
income.
How
much would you like to earn?
If
you were to send 100 solicitation letters to judgment
holders, you'd likely end up with 30 to 35 judgments
to collect.
That's
a lot!
Figure
that out of those 30-35 cases, you'll likely be
able to collect 50% - 60% of those judgments.
This means you'd collect 15-17 judgments.
Let's
assume the average judgment is $1,500. Further,
you'll be keeping half of what you collect. That
works out to be around $12,000 in gross income
you'll keep for yourself.
Here's
what that looks like in cold, hard numbers:
100
Solicitation Letters = 32 Judgments Assigned
Number of Judgment Collected = 16
$1,500 x 16 = $24,000
Amount You'll Keep (50%) = $12,000
Enforcement Costs = $640 (about $40 per judgment)
Net Income = $11,360
Ready
to read some more? For comprehensive, in-depth
information about our nationally acclaimed professional
Judgment Recovery Training Program, select the
'Training Program Information' link from the Quick
Links menu below.