When you get back to judgment, there seems to be no limit on how much you can spend trying to discover assets to recover some money from your judgment debtor. This article is my opinion, there is no legal advice. I am a judge broker and I am not a lawyer. If you require legal advice or usage, please consult a lawyer.
An easy and expensive way to find possible assets of your judgment debtor is to hire a private investigator, pay for an asset location search company, or pay for a monthly professional data service subscription is. Good ones are expensive. In this article, we will introduce some inexpensive and possibly time-consuming methods to find your judgment debtor's assets using public data records. A free and cheap way is not as rare as an expensive option, but it sometimes works.
The first search you try is on the web (Google, Bing, etc.). Please enter the name, address, phone number of your conflict obligor. Try the search with various quotation options. There are also some spelling variations. In the absence of a match, it may be a clue to your debtor if you know the information of the spouse or parent of the obligor.
We may look up your debtor's name on Facebook and other social media websites. Because people sometimes brag about assets, hobbies, or work on the web. Enter the debtor's home address in Google Maps and check the status of your home or residence. If your doctor lives on a dump of toxic waste or on Shack next to the railroad line, they may be proof of the judge and perhaps no further search is necessary.
The next search shows private judgment debtor information, it is a criminal record because it is a public record. Most of the "free criminal record search" on the web is not free. We recommend you first search "yourcity criminal records" on the web. There is a district court on the web to check if your judgment debtor has a criminal record.
Unfortunately, most courts need access to the court to display and copy the records. If you can not go to the court, this can be done by post or you may need to pay a few dollars for a "free" solution on the web. Select the website displayed on the first few pages of web search.
Next, we will search your judgment debtor and its parent's property records. The reason to see the property records of your judgment debtor's parent is to see if they possess real estate. If so, you have the chance that your judgment debtor will inherit them someday. On the web, the free search site immediately changes to a paid service. Please search "yourcounty property records" or "yourcounty, state property records" on the web. In some counties, you need to visit the county recorder directly or pay a copy of the record by mail.
If possible, please walk and run the home or residence of your judgment debtor and write down what you can see from the vehicles and windows parked there. Please look for tips on toys that you may possibly own and be careful not to illegally invade yourself or invite attention. Although this is a long-time shooting, the window cover is normally closed, but the garage door is open, and a new motorcycle or boat that shines may appear. Also, one morning I might try to follow their job.
Next, there are conflict liability inspection and third party review. These are not cheap, but if you borrowers pay fees and expenses to serve the borrowers your patience and determination will be the most important factor.
Unfortunately, vehicle owned record information from information sources other than debtor inspection is quite expensive. You need private investigators or need other expensive and complicated solutions, including the automotive sector. Through investigation by the obligor and third parties in the court, we can judge possible vehicle ownership. Judgment of the judgment debtor and request for documentation may lead to information on other available assets owned by your obligor.
If you think that free and inexpensive asset discovery tools are not effective and you think that there are types of assets available to debtors, it may be worth paying by private investigators to do asset checks.
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