The Bank will have to sign as obligee on your PN to make them a debtor. Even if the bank signed as obligee, they will have a Deed of Trust on the property.


Is the goal to secure a superior lien ahead of the bank in the 72 hour window?

My thoughts would be to close the real estate deal, utilize a mortgage elimination strategy, then sign a quit claim deed to the strawman. When the quit claim is recorded, amend your UCC-1, SA. FYI most real estate searches are conducted at the county level, so your filing at the state will not be picked up.