Lottery Winnings

by | Nov 3, 2010 | Note Education

PROFITS IN WINNINGS
Note brokers buy cash flows. They do not have to be secured by real estate, any secure cash flow can be bought, brokered and sold. The immediate non-real estate cash flows that come to mind are lottery winnings and insurance settlements. The problem with both of these is that is a prohibition of assignment of these winnings in most cases. Both states who pay out the lottery winnings and the insurance companies paying out an annuity for a personal injury want to protect the beneficiary, and can make it difficult for them to sell the cash flow for a lump sum of cash, regardless of the beneficiary’s needs. Many times the purchase of these annuities requires the work of a team of legal and financial experts to manage the transaction.
There are several buyers of lottery winning listed in Direct Connect. Each will pay you a commission, and do the legal work to get the lottery transferred.
The prominent lottery buyers in the US are are:

  • Granoff Enterprises, 3145 Maple Lane, Davie, FL. Phone 800-869-6060. Web site is  www.granoffenterprises.com.
  • R & P Capital Resources, Inc, 56 Lafayette Ave FL 3, White Plains, NY, 10603. Phone: 800-338-5815 ext 110. Web site: www.rp-capital.com.
  • Prosperity Partners, Inc. 1015 10th St, Lake Park,  FL 33408. (800) 452-9557, Fax: (800) 938-3700. Web site: www.ppicash.com