judgement payments
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
judgement payments (by Lori [WI]) Nov 7, 2009 12:26 AM
       judgement payments (by Reid [KS]) Nov 7, 2009 1:19 AM
       judgement payments (by Jason PA [PA]) Nov 7, 2009 6:21 AM
       judgement payments (by hank [WV]) Nov 7, 2009 6:58 AM
       judgement payments (by James [MA]) Nov 7, 2009 8:22 AM
       judgement payments (by IN [IN]) Nov 7, 2009 9:10 AM
       judgement payments (by Dominick [NJ]) Nov 8, 2009 5:53 AM

judgement payments (by Lori [WI]) Posted on: Nov 7, 2009 12:26 AM

State Specific Question About: WISCONSIN (WI)

I have several judgements for money and the tenants have filled out the financial disclosure forms claiming that they are below the poverty level. Does that mean they will never have to pay me back or can I still garnish their wages? --165.189.xx.xx

judgement payments (by Reid [KS]) Posted on: Nov 7, 2009 1:19 AM

Depends. I'm collecting on judgements from "Lower" income people. I suppose it depends on your state laws. I use a Collection Attorney, that's all he does and he's got the personality of a Bull Dog --70.252.xxx.xxx

judgement payments (by Jason PA [PA]) Posted on: Nov 7, 2009 6:21 AM

I had a garnishment order served on an ex tenant and they lied about their number of dependents so that they fell below the poverty line. My attorney either subpoenad or threatened to subpoena their tax returns. They dropped their claim of 7 dependents real fast and I have been getting nice sized garnishment checks now for months. --98.111.xxx.xxx

judgement payments (by hank [WV]) Posted on: Nov 7, 2009 6:58 AM

One can not get blood from a stone: So if you rented to people of less then stable assets

Then your answer maybe NO you will never see your monies absent them hitting the lotto

Now if you think they have assets but are hiding them then hire a lawyer but make sure you can collect or you will be throwing good monies after bad


judgement payments (by James [MA]) Posted on: Nov 7, 2009 8:22 AM

Sell the judgment. There are attorneys collecting judgments and sitting on them waiting for the economy to recovery. Then, they will hit the people with levies and garnishments. --70.22.xxx.xxx

judgement payments (by IN [IN]) Posted on: Nov 7, 2009 9:10 AM

I read so many don't want to rent to college students, who most end up with a good income.

We are all extending credit to someone, it is easy to sell someone something when they have no real expectations of paying for it.

A LL opens many doors to Liability when he opens his rental doors --68.58.xxx.xx

judgement payments (by Dominick [NJ]) Posted on: Nov 8, 2009 5:53 AM

Good luck trying to sell a judgment from a landlord/tenant debt to a collection agency for anything more then pennies on the dollar if you even get that deal versus a % of the collection

In the collection world landlord/tenant debt is the lowest rated debt on the market, since a majority of time the people who have the judgment against them: go pay check to pay check, jump jobs, have no assets,; thus its usually not worth the time and energy to even try and collect let alone pay you for the judgment

In reality if the ex-tenants are collectable then you can do it yourself, if they are not collectable i.e. judgment proof then no collection agency is going to take the debt, let alone pay you for it, at best offer a % of the collection which will probably not happen, you have a better chance of them wining the lotto and collecting then believing a collection agency is going to pull through the majority of times

But who knows maybe your person has hidden assets and does not go paycheck to pay check


Subject: RE: judgement payments
Your Name:
Your State:

judgement payments
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: