We have all heard, and you know well, about the shortage of equipment and the growing lead times from manufacturers. The scammers and thieves know this too and up their game accordingly. Ground [...]
Do you feel like the only way you can have effective lien search in your business is to hire another person just for this purpose? And what do you have them do when they don’t have that work? And [...]
When buying titled pieces (vehicles, machinery, trailers, whatever) you should always request a copy of the front and back of the title prior to purchasing. Many states now use electronic titles, [...]
You deal in used equipment one way or another whether buying, selling, auctioning, brokering,end-user, or as a creditor. What drives your reasons for having a lien search run or not to do so? [...]
One of the biggest concerns when buying used equipment is if it is stolen. Here are two things you can do to learn more about it. Do an internet search for the seller by name, address, and phone [...]
Did you know that if Ground Clearance does the lien search for the equipment you list for sale online, that you can include “Lien search conducted by Ground Clearance LLC” in your listing on any [...]
Additional debtors are other persons ore companies liable for the debt carrying the note for which the lien was placed. John Deere is notorious for naming the owner of the company as additional [...]
An article from American Rental Association (ARA) states “Equipment rental operations are in the business of renting equipment, so when it’s stolen, they have been deprived of more than just [...]
In today’s financial world, when a note is paid off the creditor usually sends you a letter stating the note is paid. Along with it is a UCC document which will terminate the lien [...]
Want to know something crazy? The amount of people in the equipment industry, whether dealer, broker, or end user, who have no idea that lien search even exists. That is scary more than it crazy [...]