Process of sell my structured settlement
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The document discusses strategies for selling structured settlements, highlighting the use of television and internet advertisements by companies in this market. It outlines the process of accepting an offer, necessary documentation, and the legal steps involving court approval for the transaction. Once the sale is authenticated by a judge, the selling party receives immediate payment from the buying company.
Process of sell my structured settlement
- 7. You can look for commercials about selling your settlements on the television found on cable news channels. Companies with these advertisements are the big competitors in the buying and selling structured settlements business.
- 8. Internet also to help you find buyers. Try your search engine and find an endless list of companies out there. It is much cheaper for companies to use the internet to find potential clients who want to sell their settlements.
- 10. Once you have accepted an offer, that company will then send you an initial application with a set of required documents. Once again, make sure to have your benefits letter, settlement agreement, copy of the annuity contract and two photo ID's. The earlier these documents are presented the quicker the business deal will be over with.
- 11. Your background will be looked over by the purchasing company to review any illegal reasons for the business deal to be voided. Then if nothing illegal is found, your structured settlement will be bought by the interested company through a notice.
- 12. After all this, the interested organization will plan a court date to legalize the transaction. The reason behind the court session is have the judge review and authenticate the transaction for one who does sell a structure settlement , serving as security for the company.
- 13. Finally Receives an order from the court, allowing the transfer. The minute the transfer of structural settlement is recognized, the buying company will of the structured settlement payment will immediately give you the money.