Related Posts
Any realtors in this bowl open to chatting?
Can I get a commercial loan without 25% down?
More Posts
Additional Posts in Real Estate - Law
Pro forma or proforma?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.






It would more economical to sell these claims to a collection agency. Does anyone here have experience with this? I’ve never done this before and would greatly appreciate any pointers.
Spoke to someone in the business. For major credit card debt, it’s usually 10-15 cents on the dollar. For the claims we have, more like 1 cent. He gave some numbers of people to. Call though and explained things about the debt collection business I didn’t know/never thought of. I think I’ll start with sending demand letters from my own law firm and go from there. Given that is was class b/c multifamily, and that I seized the security deposits prior to the sale, this may be a fool’s errand.