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Old 12-13-2004, 04:49 AM
trbish trbish is offline
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Join Date: Oct 2004
Posts: 51
LS Lein

I had this scenerio described to me, from your understanding, is it possible.

no previous UCC-1 has been filed between strawman/ls
a mortgage is acquired, within 72 hrs a ucc-1 is filed for this asset, pledging it to LS---wouldn't this place the LS lein first, new mortgage second---making it difficult for 'lender' to foreclose in case of default
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