Equipment Lien Search Blog

That is the answer to the question asked when companies call and inquire if they should be doing a lien search. Would you send $65,000 of your money to Vegas with a business associate who you [...]

Remember that great feeling when you were able to sign up for that low-interest 30-year note with SBA? It seems that feeling has waned by the time they need to release interest in an asset you [...]

It is sad but true. Many creditors do not file terminations when lien notes are paid off. Some creditors will mail a copy of the termination to the customer to file, but most just don’t follow [...]

Did you know that Ground Clearance and NER (IRONcheck) work together to give you an additional layer of support when making your equipment deals? Most equipment on a search request also goes [...]

It is not legal to sell what you do not own. Everyone knows that, right? Just as you can’t legally sell equipment that your brother-in-law owns, you also cannot sell equipment that is leased. The [...]

Business has cycles, and sometimes there may be a shortage of equipment and growing lead times from manufacturers. Scammers and thieves know this too and up their game accordingly. Ground [...]

Do you feel like the only way you can have an 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? [...]

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, you can include “Lien search conducted by Ground Clearance LLC” in your listing on any [...]

Additional debtors are other persons or 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 an 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 might send you a letter stating the note is paid. Along with it is a UCC document that will terminate the lien (UCC filing). Many [...]

Want to know something crazy? The number of people in the equipment industry who have no idea that lien search even exists. That is scary more than crazy because of how much equipment is [...]

Have you been considering using lien search as a company policy? Consider these points when making that decision Make it Mandatory – Salespersons need to know that lien search is mandatory [...]

As someone who has spent a lot of years helping others do business the right way, it really rubs me the wrong way when I am told “The seller won’t sell to me if their creditors will be contacted” [...]

I realize this post looks like the beginning of a nap, but..hang in there. You won’t regret it. It’s good info if this is the question you wonder about or discuss with others. Blanket [...]

The short answer is “no”. In the US, liens are filed in the debtor’s name. If we filed by serial number the blanket liens and surety bonds wouldn’t show up in the search. The name of the owner [...]

We get many calls from people wanting to do a search on their own company and wonder if they should. Definitely! It is always good to know what is filed on your company – or yourself if you [...]