We have requested cooperation from First Mutual Bank under HAFA guidelines concerning their UC3 filing which is in 3rd position.  They have responded that First Mutual holds a perfected security interest in its collateral (windows).  Should the home be foreclosed, that security interest will survive, and the new owner can either surrender the collateral, or make arrangemetns to pay for it.

 

Does anyone have UC3 guidelines that they will share?

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