UCC & Property Issues — Solar Liens and Filings
Property Issues
UCC & PROPERTY ISSUES
WHAT FILINGS MAY BE ON YOUR PROPERTY
Many homeowners are surprised to discover that their solar agreement resulted in UCC filings or other encumbrances on their property. Understanding what these filings mean — and what options may exist — is an important part of managing your situation.
UNDERSTANDING UCC FILINGS AND SOLAR LIENS
WHAT IS A UCC FILING?
A UCC (Uniform Commercial Code) filing is a legal notice that a lender has a security interest in personal property — in this case, your solar system. Solar lenders often file a UCC-1 financing statement against your property when you finance a solar system.
HOW IT AFFECTS YOUR PROPERTY
A UCC filing associated with your solar system can appear in title searches and may need to be addressed when you sell or refinance your home. Some homeowners are surprised to discover these filings exist.
DISCLOSURE CONCERNS
Some homeowners were not clearly informed that a UCC filing would be placed on their property, or did not fully understand the implications of such a filing when they signed their solar agreement.
IMPACT ON SELLING YOUR HOME
When you sell your home, a buyer's lender may require that any UCC filings be addressed before closing. This can create complications and additional costs in the sale process.
IMPACT ON REFINANCING
If you want to refinance your mortgage, your lender may have concerns about the UCC filing associated with your solar system. This can complicate or delay the refinancing process.
SOLAR LIENS
In some cases, solar companies or lenders may file liens against a property. Understanding what filings exist against your property and what they mean is an important part of evaluating your situation.
HOW WE CAN HELP
If you have concerns about UCC filings or other property-related issues associated with your solar system, we can help you understand your situation.
We review your solar contract, financing agreement, and any property filings to help you understand what exists and what options may be available.
Whether you're trying to sell your home, refinance, or simply want to understand what's on your property, a free review can provide clarity.
Signs You May Have a UCC Issue
Every situation is different. Results are not guaranteed. The information on this page is for general informational purposes only and does not constitute legal advice.
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