Lawsuit and Legal Funding, a discussion with Joe Genovesi

Lawsuit and Legal Funding, a discussion with Joe Genovesi

Today's show will be on the topic of lawsuit and legal funding and how it relates to getting a judgment and even recoverying a judgment. We will start the show with a call from Joe Genovesi of legalfunding.com, then take a few calls from callers asking about judgment recovery, a few fun songs, another can't miss show from JudgmentBuy.com

Judgment Pricing and evaluations, and judgment buyers

Mark Shapiro of  JudgmentBuy.com discusses Judgment Pricing and evaluations, and what judgment buyers are looking for. Most judgment owners prefer to sell their judgments for as much cash upfront as they can possibly get. Because judgments expire, and judgment recovery depends on the judgment debtor, the economy, costs money, takes time, and is financially risky; every real judgment buyer is now very conservative about how much they will pay for judgments. In judgment sales, it is usually a buyer's market, because only one out of a hundred judgments can be sold to an actual judgment buyer for more than 1-7% of the judgment's face value. Mark discusses the judgment that actually sold for 35% cash upfront.

Rich Judgment Debtors

Mark Shapiro of JudgentBuy.com where Judgment Recovery and Judgment Collection are expertly referred for free, discusses the issues with rich or wealthy judgment debtors. Especially in a tough economy, at least 90% of judgment debtors are poor, which makes judgment recovery very difficult. Most people assume that in those few judgment recovery situations where judgment debtors are rich, that judgment recovery is easy and guaranteed. Even when the judgment debtor is wealthy, judgment recovery is far from guaranteed.

Mark Shapiro on Contracts

Mark Shapiro has had many roles, while never being a lawyer, he has run several companies and been a CFO before, and shares his unique views and tips on forming and signing contracts both in and out of the judgment recovery business. We expect lots of calls as the show is getting popular. The Judgment Show is on iTunes and on the JudgmentBuy web site. Forming contacts, common terms in contracts, and how simplicity is best, and what to watch out for.

Judgment Collection

Judgment Collection - the best explanation of judgment collection from Judgment Broker Mark Shapiro, Judgments do not collect themselves, and the courts will not help you collect your judgment. Usually, a judgment is just a piece of paper with an imaginary value. Most people do not understand how hard it is to recover most judgments. More than 90 percent of them are never recovered.  The methods of recovering judgments are not guaranteed, and bankruptcy can kill most judgments.