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Ward : UCC-1 Filing question?

Posted by chalazion on October 17, 2001 at 5:51 PM

Hey ward...
I just got final paperwork, today to complete my HELOC on my co-op.
Questions:

1) What is a UCC-1 Financing Statement? (It is filed with the county records I believe!, what information does it contain? [i.e. ss#, etc]?

2) Is UCC-1 info freely avaiable to the public? Basically, I like my privacy, what will the filing of a UCC-1 allow others to see.

BTW - I have 100% equity in my unit (so no mortgage is filed)

----------------------------------------------------------------

Thanks for response on Judgment Lien Buyouts.
I'm in NYC area and feel buyouts may be a great/low risk way for me to start out generating capital/income. Do you have any idea of the pulse of this market?

I am not in a position to make it out west just yet :) I checked out your pupil walters, I know you said they missed the boat on one or two points but barring those points would their experience(that came from you and within my current budget) be a starting point to get me going?

Thanks


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