Lien Forward

Welcome to the new Lien Solutions blog – insights and resources to help professionals reduce risk and shape the future of their business. You’ll find articles on thought leadership, practical tips, and an exchange of ideas that drive innovation and better outcomes.

CT Lien Solutions is Now Wolters Kluwer’s Lien Solutions

Written by Lien Solutions
Date May 2017
In News

Change Reinforces Wolters Kluwer’s Commitment to Industry-Leading Compliance and Risk Management Solutions
CT Lien Solutions is now Wolters Kluwer’s Lien Solutions. The move reflects Wolters Kluwer’s strong support of Lien Solutions’ long-term growth strategy to deliver proven, expert solutions and services to a broad range of financing organizations as part of its comprehensive compliance and risk management offerings.

 

UCC Basics: Conducting Searches

Written by Amanda Rasizzi
Date March 2017

What is the importance of searching for other lien types? In general, a four-part search should be part of any thorough due diligence investigation, and is critical to the “discovery” process. Can you imagine going to a closing having conducted only a UCC search, only to find after the closing that a tax lien was on the property just acquired?

 

UCC Basics: UCC-3s

Written by Amanda Rasizzi
Date March 2017

What is the importance of searching for other lien types? In general, a four-part search should be part of any thorough due diligence investigation, and is critical to the “discovery” process. Can you imagine going to a closing having conducted only a UCC search, only to find after the closing that a tax lien was on the property just acquired?

 

UCC Basics: Fixture Filings

Written by Amanda Rasizzi
Date March 2017

What is a fixture filing? Fixture filings are made when articles found on real estate are of such a nature that they are considered attached, and are made part of that real estate. The most important factors in determining whether goods become sufficiently related, or attached, to real estate to qualify as fixtures include:

 

Factors and ABL’s: Why You Must Be Aware of Federal Tax Liens

Written by Amanda Rasizzi
Date March 2017

So, you’ve done your initial due diligence and approved a client for a revolving line of credit secured by assets such as inventory or accounts receivables. You file a UCC and begin extending loans, and everything seems to be going smoothly, until you get wind of the infamous “f” word…federal tax lien, filed on your client!

 

45-Day Rule for Federal Tax Liens

Written by Amanda Rasizzi
Date March 2017

We have discussed why you should care about staying alerted to federal tax liens, and we mentioned the 45-day time limit lenders are faced with in the unlucky (but somewhat likely) instance of the IRS placing a federal tax lien on one of your clients. You’ve probably heard of the 45-day rule before—but how well do you understand it? Let’s look at an example scenario.

 

Developing a Search Strategy for Federal Tax Liens

Written by Amanda Rasizzi
Date March 2017

Information culled from online databases is inexpensive, but you get what you pay for. It’s not current. In fact, it often lags months behind real-time data. By the time you find evidence of a lien filing, you have likely already issued credit that will be second in priority to the IRS.

 

The Importance of Debtor Name Accuracy in UCC Filings

Written by Tim Hall
Date March 2017

In this “Back-to- Basics” post we will discuss advanced due diligence strategies. Due diligence has always been a routine and essential part of the process of pursuing lending opportunities. However, in today’s volatile economic conditions, lenders are advised to take extra measures to protect themselves from losses.

 

When to Search Tax and Liens When Conducting Due Diligence

Written by Tim Hall
Date March 2017

In this “Back-to- Basics” post we continue our advanced due diligence focus on the non-consensual liens of tax liens and judgments liens. Tax and judgment liens ordinarily apply to the same types of property covered by UCC liens.

 

Advanced Due Diligence Series #3: Include Common Name Variations When Searching for Tax and Other Non-UCC Liens

Written by Tim Hall
Date March 2017

Liens that are not governed by the UCC are not governed by the same due diligence rules, so it’s important to understand how to search for them. The now infamous case of In re: Spearing Tool And Manufacturing Co., Inc. (United States Court of Appeals for the Sixth Circuit) illustrates why.

 
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