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You have likely heard of a system that allows for easy management of UCC filings and debtor searches from talking with others in your industry. At the surface some of these DIY systems sound the same, but if they happened to be referring to Database Direct, then there is a lot more to it at the granular level to differentiate our system from the rest.
After taking a few years off due to pandemic-related moratoriums, foreclosures increased drastically to start the year. These numbers continue to climb upward going into Q2.
Below are the recent Jurisdictional Updates as of March 4, 2022.
There are many times when doing it yourself is a great idea. In some instances it can save money and time, depending upon the skills you already have and a willingness to dedicate your time over other priorities. It might not always turn out perfectly, but it can potentially get the job done.
We’re taking it back to the basics, sharing the most important types of UCC Forms. This basic understanding lays the groundwork for achieving perfection in your security interest. The best place to start is asking yourself, “does my intent match my form?”.
The Food Security Act (FSA) states that a buyer may buy farm products without being subject to a security interest created by the seller. However, the FSA does allow a secured party to take action to prevent a buyer from obtaining clear of security interest.
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