HI, we rented a property in Florida to a family who eventually refused to pay the rent they were contracted to do. They owe us over $11,000 in unpaid rent and other bills they had run up including the electricity bill. We were forced to go to Court to get them evicted. We have now entered the house and found it full of fleas, animal feces etc and requiring about $5,500 to bring it back up to rentable condition. They have cut off all contact with us and we do not know where they have moved to. Is it legal and are there companies who will purchase the debt from us at a cost below what this family owe us.Thanks
System of Law: England-and-Wales
We took them to Court to get them evicted, they are also in Court this Monday over the debt but the max the court will try to obtain from them is $5,000
Welcome to Just Answer Finance. I will research your question. I am here to assist.
I am sorry to hear about your negative experience as a landlord.
While there may be companies willing to purchase the debt, you may be better of filing a lawsuit against them/your ex tenants. Without them responding, you may be awarded an “easy” default judgment. (Because they failed to respond/defend). An awarded judgment (including court cost) has a more resale-able value, of course providing or taking in consideration the odds of collection as a judgment against someone with little or no assets is of little or no value to you, but may be more costly to you, unless you can collect or as you intend, to sale it to a debt collections company. The debt collection company or attorney will assess the feasibility based of the ability to “collect”. For example, they will investigate if they own real estate/s, have bank accounts, etc.
Suffice to say, my best advice to you would be to contact a debt collections attorney who could give you some advice on the most suitable course to take.
Here is the link to the Florida Bar Association for a debt collections/consumer debt attorney.
Office hours are from 8 a.m. - 5:30 p.m. Monday - Friday The Florida Bar 651 E. Jefferson Street (Yahoo Map) Tallahassee, FL XXXXX-XXXX 850/561-5600
Having said the above, of course you will need to factor in the cost of hiring an attorney to litigate the outstanding bill. Hopefully you still have/did execute a fully executed lease as this will strengthen your hand/case.
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