Judgment Creditor Claims
When a judgment creditor has a properly recorded monetary judgment against a former property owner, they may have a right to surplus funds. We purchase eligible judgment creditor claims for cash.
What Is a Judgment Creditor Surplus Claim?
A judgment creditor is a party who has obtained a court judgment for a monetary amount against another person or entity. If the judgment is properly recorded in the county where the property is located, it may create a lien against any real property owned by the judgment debtor in that county. When the property is sold at foreclosure or tax sale, the judgment creditor may have a right to claim a portion of any surplus funds, depending on the priority of their judgment lien and applicable state law.
Who Is Eligible?
The SurplusFactor Process
Judgment Verification
We verify your judgment was properly entered and recorded, confirm its priority relative to the foreclosing lien, and check whether it was properly noticed in the foreclosure proceedings.
Underwriting & Offer
We calculate a fair cash purchase price based on your judgment amount, priority, the surplus amount, competing claims, and jurisdictional rules governing judgment creditor rights to surplus.
Assignment & Payment
You sign the assignment of your surplus claim, receive your cash payment, and we pursue collection from the court or trustee.
Important Note
Judgment creditor rights to surplus are highly dependent on state law and whether the judgment lien was properly noticed in the foreclosure proceedings. Some states require judgment creditors to be named parties in the foreclosure action to preserve their surplus rights. We verify all procedural requirements before making any offer.