by Structured Settlement Watchdog
A Rochester New York woman named Penny Leslie (last named omitted for this post), who I have never met before, emailed me Tuesday night and claims to "have received over fifty letters/checks with 'stipulations' to buy her structured settlement".
According to US Legal, "a stipulation is an agreement made by parties or by their attorneys in a judicial proceeding before the court. Stipulations are often made on procedural matters. Stipulations are also sometimes made regarding factual matters not in dispute in order to save time required in producing evidence in court. Some stipulations are oral, but are often required to be put in writing, signed and filed with the court. Stipulations save time and promote judicial efficiency". (emphasis added)
That being said, structured settlement annuitants are often the target of cash now pushers who scrape the court records directly, or buy the names from data miners who perform the service. I've previously written about how such companies advertise their service on LinkedIn and through email. If someone is on a social media network and uses an email address, it is easy to locate them using a reverse search on a cheap service like Spokeo ($3 per month)
The secondary market for structured settlements is under regulated and at the moment is so massively competitive, that there is cutthroat competition for deals.
Companies such as Seneca One offer $5,000 checks tied to sales of structured settlement payment rights. They are not alone.