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.
As a lender, “lien management” may not be your primary job task. Your specialty is helping clients solve their financial issues through loans and leases, so you might view lien management as a necessary chore, and, once the client has been approved for a loan, that’s the end of the process.
That’s not the case.
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?
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:
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.
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.
UCC filing monitoring notifies a lender if another secured party tries to amend, continue or terminate the lender’s own UCC filing. It’s important to track any change to UCC filings which could undermine a lender’s position. Staying on top of this enables a quick response and can protect the filer’s interest. UCC filing monitoring is […]
UCC Back-to-Basics Series UCC-3s are used in a variety of transactions, and they are a key part of life cycle of a loan. Learn more about the how UCC-3s help you to secure your assets. A UCC-3 is defined as a filing used to make any changes to a UCC-1 filing, including continuing or terminating […]