UCC Sales

You have a right to reclaim your assets, and we’re just the team to have your back.

We understand the complexity and risks that lenders may face during a sale of personal property. That’s why lenders request our solutions time and again when deal with the complications of a loan default. At Total Lender Solutions, we oversee your public sales while protecting the interests of both you and the borrower. Upon default, we enforce your right to reclaim your assets and property.

Our team conducts UCC sales in a professional and reasonable manner, pairing our proven processes and over 35 years of industry experience with transparent instruction and initiative to get the job done. With Total Lender Solutions, our dedication and persistence ensure that lenders are confident in achieving successful asset transfers.

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

“Total Lender Solutions delivers excellent customer service with responsiveness second to none. Their guidance and streamlined approach to maximizing recoveries is always appreciated.”

Clay C.
First-Citizens Bank & Trust Company

OUR COMMITMENT

Streamline the process & maximize asset recovery