You were contacted by a Granite Financial associate specifically because we have located assets that can be used to pay your judgment. In order to expedite the payment on your judgment read the agreement below and enter your code in the box. By clicking on accept you have taken the first step toward finally collecting your money. Granite Financial will immediately go to work enforcing your judgment. Within a week you will receive a letter in the mail confirming our arrangement.
AGREEMENT FOR ASSIGNMENT OF JUDGMENT
THIS CONSTITUTES THE ENTIRE AGREEMENT entered into between the original judgment creditor, hereinafter referred to as "SELLER" and Granite Financial, hereinafter referred to as "BUYER".
At the time of entering this agreement, BUYER is restricted by state and federal law from fully investigating the JUDGMENT DEBTOR to determine the absolute value, if any, of debtors non-exempt assets. As such, BUYER and SELLER agree that the value of this judgment can only be determined after a complete and thorough investigation of non-exempt assets owned by the JUDGMENT DEBTOR.
SELLER, in exchange for one dollar $1.00 and other valuable consideration, receipt and sufficiency of which is hereby acknowledged, does hereby assign all rights, title, and ownership of the judgment indicated at the top of this page.
BUYER, if necessary, will advance all expenses for asset discovery, skip tracing, filing fees, attorney fees, process serving, and related documented expenses incurred in investigating and enforcing said judgment. SELLER will not incur or advance any expenses associated with the enforcement of said judgment.
The purchase price of this judgment shall be 50% of assets collected up to one-half of the original judgment amount. Assets recovered from JUDGMENT DEBTOR will be distributed as follows: 50% to SELLER, and 50% to BUYER until SELLER has received one-half of the original judgment amount and all remaining amounts to BUYER, until judgment is satisfied or canceled.
Collected funds will be distributed 90 days post collection. SELLER affirms that his/her interest in and title to said judgment and cause of action is real, marketable, was legally obtained, has not been previously assigned, satisfied or canceled, and to the best of his/her knowledge has not been discharged in bankruptcy.
From the date of this agreement, SELLER will cease and desist all efforts to collect this judgment and recognize that BUYER has total and exclusive right to enforce and recover said judgment at its discretion.
SELLER agrees this agreement will become invalid if JUDGMENT DEBTOR successfully files an appeal or requests judgment be vacated and such request is granted. BUYER agrees to assign said judgment back to SELLER in the event of unsuccessful enforcement, to take effect two years from the date this agreement is executed. If a levy and/or lien is placed on assets or wages of the JUDGMENT DEBTOR by BUYER before the expiration date of this agreement, both parties agree that this agreement will continue beyond the expiration date until such date of completion of said levy and/or lien or until judgment is satisfied.
SELLER understands that BUYER in no way represents the interests of SELLER and no client relationship exists. Further, SELLER understands that BUYER makes no guarantees that any funds will be recovered from JUDGMENT DEBTOR.
By entering the code below SELLER acknowledges that he/she has read, accepts, and fully understands the agreement, and is a duly authorized representative with all powers required to execute this agreement.
