Re: HARD TIMES REPO
Financed tractors are secured by the filing of a UCC-1 form at the county and ins some states, state level. To be sure a seller owns the tractor (or any non-title property), the buyer must do a search for a UCC filing. Trick is you might need to know what county the lien was recorded in, usually the county the property was originally delivered too. but people move and....
So its better to just by new or from a reputable dealer.
|