Would You Like To Be The Only Source For Quotes On Paper Investments? Here's The Answer!
Enter the highly lucrative world of judgment investing! This truly is an untapped field. Wouldn't you like to be the only player in the game people can turn to sell paper? Of course you would. I felt the same way. Let's face it, there's a ton of competition in the discounted mortgage arena. How many people have given a prospect quotes by the time they get to you? Or how many people will the prospect contact after you? You know the answer to this. You'll be thrilled when you make a quote to a judgment creditor and realize you're the only person in your area providing such a service. And do you know what that means? Lower bargain prices for you which adds up to huge yields and big money!
Find out for yourself just how virgin this opportunity is. Simply look in your local newspaper and look in the classified section where you see "We Buy Mortgages". Do you see any ads that say "We Buy Judgments"? You'll probably see very few if any. How exciting is that to your eyes, not to mention your bank account?
Do You Realize That You Can Purchase Collectable Judgments From 5 to 10 Cents On The Dollar?
Does this sound too good to be true to you? Well, we thought that too when we first started doing this. In the beginning, we started offering prices of 25% of the judgments face value. We soon learned something very valuable though.
Most judgment holders had given up trying to collect long before Our contact with them. To them, the judgment was worthless. We Gradually lowered our offers to the 5%-10% range. How can this be you're wondering? Here's the reason. The judgment holder, let's call her Jane, originally went to court because someone, let's call him Jake, owed her money. Jane went through all the steps to get her case heard by a judge. Finally, the judge agreed that Jane was owed the money by Jake and awarded her a piece of paper called a judgment. To Jane's dismay, it was now up to her to go collect the money stated on the judgment.
Jane thought the court would some how take care of that for her. Jane felt like she was back where she started. As time went by, Jane chalked it up to experience and gave up. Time passes, sometimes years. Then Jane is contacted by us. To Jane this is like found money. She's happy with our offer because she stopped trying to get money out of this judgment long ago. This is a very common scenario. And fortunately for us, people are awarded judgments in courts across the country by the thousands everyday.
Judgments Begin Accruing Interest The Day They're Handed Down!
Just when you thought it couldn't get any better, it gets a whole lot better! You see, judgments begin accruing interest the day they come into existence. What does this mean to you? Well, let me just say that the amount of interest which starts growing is different in different states. In California the interest rate on judgments is 10%. Some states are A little more, some a little less. For simplicity sake, let's use 10% as an example. Let's say you discovered a judgment that has a face value of $1,500. Let's also say that this judgment was handed down in court by a judge 5 years ago. This is a very common scenario by the way. Considering the face value is $1,500, all you need to do to determine the interest accrued is figure out what 10% of $1,500 is. The answer is $150. Now all you do is multiply $150 by the amount of years this judgment has been in existence. So we multiply $150 by 5 years. The answer is $750. So, the total value of this judgment is $1,500 plus $750 which adds up to $2,250. Most people who have a judgment don't realize that over time their judgment is actually growing. With that in mind, your offer is based on the face value of the judgment only, not the amount including interest. This technique greatly increases your yield.
3 and 4 Digit Yields Are In Your Future!
Let's crank this up a notch shall we? In the real world, if you were To find a $1,500 judgment that you've done all the appropriate screening on, and you've decided it meets the criteria that we lay out for you, you would make an offer anywhere from $75-$150. Let's also say this judgment was like our example above and was 5 years old. You would be purchasing paper valued at $2,250 for between $75 & $150! Plug those numbers into your favorite calculator and try not to faint when you see the results. Are you beginning to get the big picture? Now while you're trying not to faint, please remember this: There's very little competition. In most cases, NO COMPETITION!
"We Buy Judgments" Goes Perfectly With "We Buy Mortgages"
There are many ways to go about getting the word out that you invest In judgments. At the very least, it's a great addition to the efforts you're already making in your mortgage investing business' marketing. When you state that you provide additional services, you're adding value and credibility to your business. Your marketing will display the perception of professionalism and expertise. Your prospects will think of you as a full service operation. One in which they can put their faith and trust. Another benefit of combining the fact that you invest in judgments with marketing you have in place now is that it doesn't cost you any more money! You're adding to your message that you also purchase judgments in case your prospect should ever need that service.
Here Are The Secrets You Will Need To Know To Profit With Judgments
First of all there's a terrific book that we've put together which is packed with the nuts and bolts that spells out exactly how to profit by investing in judgments. We have compiled this information based on our experience of doing it. Like anything that is new, mistakes are inevitably made. That's just part of the learning process. The good news for you is, we made the mistakes and found out how to correct them so you don't have to. If you're like we were, you're probably wondering how can one get blood out of a turnip? The answer is easy, don't buy judgments that are debts against turnips!
I'm being serious.
There's no denying that many judgments out there will never be paid Because the money is owed by deadbeats who never have and never will pay their debts. This we already know. We don't deal with judgments in that situation. We deal with judgments whose debt is owed by people who have something in life. A house, business, assets etc. Those are the judgments to look for. We show you how to go about finding this information in an efficient manner. There are pot-holes out there in this business unless one knows what to look for. But, once that knowledge is obtained, this system becomes simple and routine.
Four Steps To Huge Profits In Judgments
Section #1: How To Find Judgments
We realize that different investors have different schedules. Some have time during the day and others work full time jobs and invest in their spare time. Our book highlights many different methods to go about finding judgments which are all streamlined to fit ones schedule. That's very important. There are some investment opportunities out there that demand 100% of one's day to succeed. This virgin field lends itself perfectly to the flexibility your schedule demands. Surely, as in anything, the more time put in, the more potential for results. But it is not necessary to spend every waking hour to profit greatly with this information. Just the same, we have devised several methods which correspond with one's available time. You will find these methods to be very efficient. We too don't want to waste time. So when we were creating these systems we wanted the highest results from the time spent. So you'll be able to pick which method will best suit your situation. If you find that you want to devote more of your efforts to this because you're excited with your results, you can switch over to the method we created to multiply your profits. The choice is truly yours.
Section #2: How To Screen Judgments
Knowing which judgments to avoid is worth the price of this book many times over. In the beginning we did not know what to avoid. Of course there are the obvious debtors who are easy to realize will never pay. You can determine this very quickly by looking in the file. But there are some situations that unless you know what you're looking for, you will get taken. The good thing for you is, we've been down those roads. We made the mistakes in the beginning so you won't have to which would otherwise cost you far more than this material. What we learned from these efforts and experiences is invaluable. You will learn exactly what to look for in a profitable and collectable judgment. You will also learn what to avoid. Certainly there are people out there that would love to sell you their judgment which will never be collected. You need to know what to look for so you can determine the difference between a collectable and uncollectible judgment. Once you know, it will be so easy for you to determine what has a chance and what does not. That's important. Otherwise you waste a lot of time researching judgments that have no chance of profit for you. Our system streamlines your efforts so you'll know in minutes whether or not it is a judgment you may be interested in.
Section #3: How To Buy Judgments
Included in our book you'll find forms and documents all ready for you to use. True, in some states forms may have a different name or may look a little different. But, the judicial system is pretty standard in this area across the country. Just the same, we have included statute numbers to the states where you can find out information on what is acceptable in your location. The people who have invested in this book all across the country have never had a problem with this. As far as how we go about making offers and purchasing judgments, we handle it through the mail. We have all the material you will need in this regard ready for you to begin using today. We highlight exactly how to go about it so that people are calling you to sell their judgment. With our materials, it really is not only a simple process, but a well proven one as well. We have the offer letter all ready to go. Once you've been contacted by the judgment holder, you will use our other forms to buy the judgment properly and legally.
Section #4: How To Collect Judgments
Collecting judgments is not the same as being a bounty hunter so Throw that image out of your mind right now. First of all, we are all entitled legally to the same collection methods as everyone else. What makes our system so valuable is the methodic, business like manner in which we go about this. This too is done through the mail to begin with. We have all the letters available to you and all you have to do is put the proper names in. There's a systematic way of going about this and we highlight all these avenues. We begin by sending a letter letting people know in a professional manner that this is our business and that we want to help them clear this from their record. At that point they realize we're not threatening nor are we going to let it go any longer. From there we will show you exactly what to do to collect your judgment. Please remember, we've screened the judgments and are only interest in ones where people have something. That also means they have something to lose and are more willing to cooperate. Many people ask us how long it takes to collect a judgment. The answer is simple. It varies. I've had some people pay me after the first letter. Others aren't as willing right away. But once they realize we are not going away, the situation becomes a nuisance to them.
This is a business. We act responsibly and professionally. We let these people notice that. As time goes by, we try to help them solve this problem. We also bring to their attention how interest is accruing, and by each day they delay, they are losing more money. That interest works both ways don't forget. For every day they don't pay you, they will have to pay you more money. And for every day they delay, you'll be adding more profit to your portfolio.
Yes You Really Can Earn 100% On Your Money
One of the many exciting aspects of this opportunity is the return You will make on your investment. Please remember, you will be acquiring these judgments for a terrific price. The best part about it is, they are realistic numbers. Hey, I've done it and you can to. The judgment holders are pleased to be getting something for their piece of paper, so they're happy as well. It really is a win-win scenario.
To Recap:
You Have Very Little If Any CompetitionYou Will Only Purchase Collectable Judgments
Your Offer Is The Only One In Town. So You Get To Purchase Judgments For Pennies On The Dollar!
Judgment holders receive your offer, they have a restored hope that finally they are going to get something out of this judgment.
Turbo Charge The Returns You're Making On Your Money. We're Talking Triple Digit Yields!
Selling Judgements is easy too! There are all kinds of note professionals out there that will want to buy your judgements. Let's face it, when you're paying pennies on the dollar, you multiply the returns your money makes for you. In affect, you're making your money work harder because you're working smarter. You can customize the offers you make so that the interest you receive generates a 100% return for you. These are real world numbers we're talking about, not hype.
You Don't Have To Spend Any More Money Than You Already Are In Marketing And Still Profit!
We all have some kind of marketing plan. Our business card, brochures, mail solicitations, etc. If you do nothing more than add this very valuable service to your list of expertise, you're opening your business to more potential profits. Plus, your clients and prospects will perceive you as being a competent and credible source for their needs because you offer more services than the average mortgage investor. In the highly competitive market place for discounted mortgages, to have a slight edge over the competition separates the big winners from the dreamers. Adding the service of investing in judgments can give you that edge.
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