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Originally Posted by FrankBonin
Can anyone tell me in regards to the asset protection if a "commercial lien" on Real Estate would protect the RE? Understand in Florida they hold up and cannot be over thrown or thrown out by anyone including the corrupt Judges, etc. Any help?
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If by "Commercial Lien" you mean property pleged as security to the Secured party in a UCC-1 Financing statement properly filed with the Secretary of State, then yes, they have been effective in stopping foreclosures in many states. I'm not sure what the success rate is, though.
However, don't make the mistake of thinking such a practice is "asset protection". This approach will still result in a clouded title. You won't be able to cleanly sell or transfer title to the property until you can remove the UCC lien and any other liens filed at the county level. The ideal situation to be in is when your enemy cannot even attach a lien at all.
-BT