Help needed - collections firms / collectors wanted.

Old 11-18-2008, 09:41 AM
  #1  
godtfred
Junior Member
SHOW GUEST
Thread Starter
 
Join Date: Nov 2005
Posts: 8
Default 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.
godtfred is offline  
Old 11-18-2008, 11:39 AM
  #2  
bjuice
Administrator
RACING JUNKIE
 
bjuice's Avatar
 
Join Date: Apr 2003
Location: Greenville s.c.
Posts: 3,236
Default

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 ! "
bjuice is offline  
Old 11-18-2008, 11:39 AM
  #3  
Tod74
Senior Member
RACING JUNKIE
 
Join Date: Sep 2007
Posts: 4,137
Default

Good Luck...you can't get blood from a turnip.
Tod74 is offline  
Old 11-18-2008, 12:15 PM
  #4  
godtfred
Junior Member
SHOW GUEST
Thread Starter
 
Join Date: Nov 2005
Posts: 8
Default

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
godtfred is offline  
Old 11-18-2008, 01:55 PM
  #5  
bjuice
Administrator
RACING JUNKIE
 
bjuice's Avatar
 
Join Date: Apr 2003
Location: Greenville s.c.
Posts: 3,236
Default

owwwwwww uuuuuchhhhhhhh !!!!!!!!!!!!... good Luck My man.

Brian
__________________
Bjuice..

"I'M YOUR HUCKLEBERRY ! "
bjuice is offline  
Old 11-18-2008, 02:45 PM
  #6  
sommersracing
Member
MASTER JOURNEYMAN
 
Join Date: Oct 2004
Location: Hudson FL
Posts: 43
Default

Is this a business or private person? I am from the minneapolis area (Now in Florida) but still have a lot of contacts. Matt
sommersracing is offline  
Old 11-18-2008, 02:55 PM
  #7  
shawnp
Senior Member
RACING JUNKIE
 
Join Date: Mar 2003
Location: Ohio
Posts: 936
Default

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.
shawnp is offline  
Old 11-18-2008, 09:56 PM
  #8  
godtfred
Junior Member
SHOW GUEST
Thread Starter
 
Join Date: Nov 2005
Posts: 8
Default

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.
godtfred is offline  
Old 11-19-2008, 06:37 AM
  #9  
sommersracing
Member
MASTER JOURNEYMAN
 
Join Date: Oct 2004
Location: Hudson FL
Posts: 43
Default

What is his Name? If you want P.M his info. Matt
sommersracing is offline  
Old 11-20-2008, 05:18 AM
  #10  
godtfred
Junior Member
SHOW GUEST
Thread Starter
 
Join Date: Nov 2005
Posts: 8
Default

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

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -