Friday, December 12, 2014
You have chosen a buyer for your structured settlement and you are questioning what the remainder of the steps are. Now we'll take you through the remainder of the process so that you know what you should do to make the process as easy as possible.
1. You will require to when you have actually picked your buyer supply the buyer with some details. The quicker you gather the information, the less time it will take, however the procedure can last anywhere from 2 to 14 days.
Things that you could have to provide are the following:
Release/court judgment/settlement arrangement The contract from the payment provider or insurance company/Annuity policy Bank statement or stub to verify payment Your very own personal info, which could include a state released ID or motorist's license. If it applies) Any files discharging a bankruptcy (if it applies) Details about your attorney, copy of divorce decree or marriage license (.
2. After everything is in the buyer's hands, this is a good time to ask them what about the underwriting procedure and how it works. Be careful if the buyer says it will be a short processing time.
3. Once the underwriting process is done, the buyer will certainly give it to a judge to review. Ask your attorney if you should appear, and if it's in your benefits. Discover from the buyer what the costs are and who will certainly be liable to pay them.
4. If your request is approved, the buyer will give you the cash.
Remember this is simply a set of guidelines, and each circumstance is unique.
