Thread: Buy Judgements
View Single Post
  #3  
Old 04-22-2005, 08:07 PM
acicalla acicalla is offline
Waking Up
 
Join Date: Oct 2004
Posts: 46
Collecting

I have yet to hear of anyone really collecting on the liens, and tm infringment. What I have heard of happening is that with the liens once truely perfected you can send notice of the liens to the 3 credit reporting agencies and that will cause them to have pretty much instant bad credit and can cause thier current loans to get called and they will end up on the street. I have also heard of going to court with the lien and trading an bond for the judge to be indemnified for giving you an order for the collection of the lien. Winston shrout was the one talking about going to court to get the "money" order for the collection of the lien. But you must indemnify the judge for giving you the order which would require the bond.
Reply With Quote