Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

13
Posts
7
Votes
Vic Caldwell
  • Real Estate Investor
  • Victoria, TX
7
Votes |
13
Posts

Collecting court judgements

Vic Caldwell
  • Real Estate Investor
  • Victoria, TX
Posted

I was doing my end of year review and have noticed that I have collected a pretty large collection of eviction judgements over the past 4 years. (>$15K) At the time I just wrote off each one because I was just happy to get them off the books and chalked it up to a learning experience. However when I look at them all in total it is not an insignificant amount.  I wouldn't know the first thing about how to track them down much less how to collect.  Looking for advice. Are there collection companies that handle these types of thing? What do you do? Should I have pursued it immediately after the judgement was issued?  ANY advice/help will be greatly appreciated. - Vic

User Stats

308
Posts
305
Votes
Tim J.
  • Investor
  • Vermont and New York
305
Votes |
308
Posts
Tim J.
  • Investor
  • Vermont and New York
Replied
Find a collection agency.  I had a few judgements in the past and collected on a couple.  

Good luck!  Hope you get some.

I got to the point where I was happy to just assign/give away the judgements so someone else would take it over and track them down and make them pay.

User Stats

13
Posts
7
Votes
Vic Caldwell
  • Real Estate Investor
  • Victoria, TX
7
Votes |
13
Posts
Vic Caldwell
  • Real Estate Investor
  • Victoria, TX
Replied

Tim, 

Thanks for the reply. What % did the collection agency take?

PropStream logo
PropStream
|
Sponsored
Nationwide property data Use our robust, multi-sourced data to find off-market properties and close your next deal.

User Stats

16,743
Posts
14,282
Votes
Chris Seveney
Pro Member
#3 All Forums Contributor
  • Investor
  • Virginia
14,282
Votes |
16,743
Posts
Chris Seveney
Pro Member
#3 All Forums Contributor
  • Investor
  • Virginia
Replied

@Vic Caldwell

They may take 25-50%

  • Chris Seveney