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Safeguarding your interests in loans associated with fixtures physically attached to a residential property such as solar panels, HVAC equipment, new windows, pools and other items, is a critical step in protecting your portfolio against the many known and unknown risks.
To mitigate the risk of debtor bankruptcy and loss of equipment, lenders should file a UCC-1 Financing Statement with both state and county. Lenders, however, often face numerous challenges in securing this additional layer of protection: