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Thread: Help needed - collections firms / collectors wanted.

  1. #1

    Help needed - collections firms / collectors wanted.

    I managed to get a judgment on a scammer in the Minneapolis area, he now owns me $45000. It took 2 years and a lot of fees to the lawyers to get a judgment. Now what? does anybody know a good company or person who would like to go after the money, if done right I believe some if not all of the money could be collected.

  2. #2
    Administrator RACING JUNKIE bjuice's Avatar
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    hello. Judgements can work in a number of ways.
    1st off you need to have the judgement recorded in the local county (RMC) register of deeds where the person lives. If you do not have it recorded there will be no record of it. a Judge only issues the judgement they do nbot enforce it, its your responsibility to have it recorded ( here locally its only 10.00 to record)..

    Now here are a few ways a judgement can play out once you have it properly recorded.

    1- depending on the county,there is a process called execution of judgement its carried out by the Sheriff's Department as a civil matter, the Sheriff's department researches the person for titled collateral,if its found a levy can be placed anaginst the property and auctioned off and of course your debt is staisfied by the proceeds..( we have this option here in S.C.)

    2nd and MOST COMMON..is that when you have the judgement properly recorded it will ATTACH itself to any REAL PROPERTY ( realestate) the person may own..this means buying also.....the judgement will lay dormant until the person sells his property or refinances his mortgage etc...the judgement will then have to be paid in full and satisfied. and released by you then the property can be sold, refinanced etc...


    caution:...If you do not have the Judgement recorded and it made part of the PUBLIC record it will be useless...

    hope this helps you.
    Bjuice..

    "I'M YOUR HUCKLEBERRY ! "

  3. #3
    Senior Member RACING JUNKIE
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    Sep 2007
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    4,143
    Good Luck...you can't get blood from a turnip.

  4. #4
    Quote Originally Posted by bjuice
    hello. Judgements can work in a number of ways.
    1st off you need to have the judgement recorded in the local county (RMC) register of deeds where the person lives. If you do not have it recorded there will be no record of it. a Judge only issues the judgement they do nbot enforce it, its your responsibility to have it recorded ( here locally its only 10.00 to record)..

    Now here are a few ways a judgement can play out once you have it properly recorded.

    1- depending on the county,there is a process called execution of judgement its carried out by the Sheriff's Department as a civil matter, the Sheriff's department researches the person for titled collateral,if its found a levy can be placed anaginst the property and auctioned off and of course your debt is staisfied by the proceeds..( we have this option here in S.C.)

    2nd and MOST COMMON..is that when you have the judgement properly recorded it will ATTACH itself to any REAL PROPERTY ( realestate) the person may own..this means buying also.....the judgement will lay dormant until the person sells his property or refinances his mortgage etc...the judgement will then have to be paid in full and satisfied. and released by you then the property can be sold, refinanced etc...


    caution:...If you do not have the Judgement recorded and it made part of the PUBLIC record it will be useless...

    hope this helps you.
    Thank you, still if anybody knows someone who would be willing to help out it would be great, I live in Europe so it could be easier.

    Thank you for your support

  5. #5
    Administrator RACING JUNKIE bjuice's Avatar
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    Apr 2003
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    Greenville s.c.
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    owwwwwww uuuuuchhhhhhhh !!!!!!!!!!!!... good Luck My man.

    Brian
    Bjuice..

    "I'M YOUR HUCKLEBERRY ! "

  6. #6
    Member MASTER JOURNEYMAN
    Join Date
    Oct 2004
    Location
    Hudson FL
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    43
    Is this a business or private person? I am from the minneapolis area (Now in Florida) but still have a lot of contacts. Matt

  7. #7
    Senior Member RACING JUNKIE
    Join Date
    Mar 2003
    Location
    Ohio
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    935
    Quote Originally Posted by bjuice
    hello. Judgements can work in a number of ways.
    1st off you need to have the judgement recorded in the local county (RMC) register of deeds where the person lives. If you do not have it recorded there will be no record of it. a Judge only issues the judgement they do nbot enforce it, its your responsibility to have it recorded ( here locally its only 10.00 to record)..

    Now here are a few ways a judgement can play out once you have it properly recorded.

    1- depending on the county,there is a process called execution of judgement its carried out by the Sheriff's Department as a civil matter, the Sheriff's department researches the person for titled collateral,if its found a levy can be placed anaginst the property and auctioned off and of course your debt is staisfied by the proceeds..( we have this option here in S.C.)

    2nd and MOST COMMON..is that when you have the judgement properly recorded it will ATTACH itself to any REAL PROPERTY ( realestate) the person may own..this means buying also.....the judgement will lay dormant until the person sells his property or refinances his mortgage etc...the judgement will then have to be paid in full and satisfied. and released by you then the property can be sold, refinanced etc...


    caution:...If you do not have the Judgement recorded and it made part of the PUBLIC record it will be useless...

    hope this helps you.
    I spent 10 years handling this crap for a large bank here in Northeast Ohio. Each state has different regulations on how judgments can be filed and acted upon. All the info bjuice gave out is very good but is also state dependent. The best thing for you to do is to google collection agencies. Find a reputable agency. They will charge you a percentage of what they can collect. You might find that you can hit bank accounts or get a garnishment in place now that you have a judgment.

    The other great thing about the judgment being in place is it will now start to report to the bastard's credit bureaus. His score is going to drop significantly and lenders are going to start to question him. If the judgment can land you a lien on the property and you are in a 2nd lien position, most lenders will force this paid off as they will not take anything less then a 2nd lien when doing a home equity/2nd mortgage product.

  8. #8
    Quote Originally Posted by sommersracing
    Is this a business or private person? I am from the minneapolis area (Now in Florida) but still have a lot of contacts. Matt
    He made it look like a bigger company, but really it was himself "doing business as"/d.b.a. so he's a private person. Just wondering how many more he scammed, he was located 1 hour north of Minneapolis.

  9. #9
    Member MASTER JOURNEYMAN
    Join Date
    Oct 2004
    Location
    Hudson FL
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    43
    What is his Name? If you want P.M his info. Matt

  10. #10
    Quote Originally Posted by sommersracing
    What is his Name? If you want P.M his info. Matt
    pm with info sent


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