• Thank you for visiting HeavyEquipmentForums.com! Our objective is to provide industry professionals a place to gather to exchange questions, answers and ideas. We welcome you to register using the "Register" icon at the top of the page. We'd appreciate any help you can offer in spreading the word of our new site. The more members that join, the bigger resource for all to enjoy. Thank you!

how to find out if liens exist on used equipment prior to purchase

J

Jim Dandy

Well-Known Member
Joined
Oct 19, 2009
Messages
172
Location
VA
Looking at buying a loader out of state and want to know how to determine if a lien exists on the machine. Since there is no title I don't know how to find the liens, if they exist. Thanks for your help.
 
DPete

DPete

Senior Member
Joined
Feb 21, 2007
Messages
1,677
Location
Central Ca.
You need to check for UCC ( uniform commercial code) filings in the state or states where the machine was used or owned. Your bank should be able to help. If it is at an auction the auction co. should check for a clear title before sale. If the machine was used as collateral for commercial credit or a loan it probably will have a filing and the owner needs to clear that before sale.
 
Last edited:
You must log in or register to reply here.
Top