UCC Sales
You Have the Right to Reclaim Your Assets, and We’re Here to Support You
At Total Lender Solutions, we believe that you have every right to reclaim your assets, and we’re the team you can trust to help you navigate that process.
Our experienced team conducts UCC sales with professionalism and care, using our proven methods and over 35 years of industry expertise. We understand that the complexities and risks involved in selling personal property can be daunting for lenders. That’s why so many choose us to help tackle the challenges that come with loan defaults.
We take the lead in overseeing your public sales, ensuring that the interests of both you and the borrower are protected every step of the way. When a default occurs, we’re here to enforce your right to reclaim your assets and property, providing you with peace of mind throughout the process.
With Total Lender Solutions on your side, you can feel confident in our dedication and persistence. We’re committed to ensuring that you achieve successful asset transfers, so you can focus on your core business and leave the complexities to us.
UCC Sales News & Education
What Is A UCC Filing?
If you are a lender who manages loans secured by commercial real estate, it is likely that you have come across UCC filings in your line of business.… Read More
A Lender’s Guide to Uniform Commercial Code Sales
While many lenders think of a courthouse auction when they think of a foreclosure, the team at Total Lender Solutions knows that there is a complicated process that must be completed from the beginning to the end. “We have fifteen … Read More
How to Conduct a UCC-9 Sale
A secured transaction is a transaction that is secured by real or intangible assets. When a borrower defaults on a loan with a secured real asset attached, a lender may be able to conduct a public or private sale of … Read More
Approx.
95%
of all UCC sales result in the lender becoming the owner of the property.
Lender’s Attorney Receives Assistance on Conducting Successful UCC Sale
Oftentimes, lenders who have defaulted loans secured by personal property turn to their attorneys to conduct a secured property sale governed by the Uniform Commercial Code (UCC). Some of these attorneys are well-versed in the process while others have limited experience.
An attorney representing a lender who loaned money secured by the furniture, fixtures, and equipment had contacted our team at TLS to assist with foreclosing on a borrower who was in default and who had, essentially, disappeared. The attorney has a vibrant practice on the origination side of transactions but very limited experience on the default side. We were engaged by the attorney to review the documentation and conduct the UCC Sale.
We worked hand-in-hand with the attorney to provide a cost-effective solution and ensure that the UCC Sale was conducted in accordance with the laws of the state where the property was located. Under the supervision of the attorney, we sent out the appropriate notices, arranged publication of the notice of sale, and conducted the sale in the attorney’s office where the property was sold to a third-party.
Our Key Solutions:
- Documentation Review
- Delivery of Notices
- Notice of Sale Publication
- Finalization of UCC Sale