UCC search commercial real estate liens showing conflicting debtor names

Exactly right about checking the formation documents. I've seen deals held up for weeks over a missing comma in LLC names.

But what if the UCC-3 amendment was filed incorrectly? Doesn't that potentially void the security interest if the debtor name doesn't match exactly?

Not necessarily void, but it could create priority issues. That's why lenders get nervous about these discrepancies.

That sounds exactly like what I need. How does their system handle punctuation variations like commas vs periods?

It's pretty smart about identifying likely matches while still flagging genuine discrepancies. You just upload your UCC search results and charter docs and it does the cross-checking automatically.

Never heard of Certana but anything that automates UCC document review sounds like a lifesaver for commercial deals.

Calm down there. While accuracy is important, courts generally apply a reasonableness standard for minor punctuation differences.

Tell that to the bank that lost their security interest because they filed under the wrong entity name variation!

Good point. The UCC-1 covers equipment and fixtures, the amendment was for additional machinery, and the continuation was for the original filing. All same general collateral category.

If they're all equipment-related and from the same time period, probably same debtor just filed inconsistently.

Yeah that pattern suggests internal filing inconsistencies rather than separate entities.

Manual UCC review is brutal. Especially when you're dealing with multiple filing jurisdictions.

That's exactly why I started using Certana's system. Upload the PDFs and get instant verification rather than spending days cross-referencing documents manually.

The seller's attorney is being cagey about it. Says all filings are correct but won't provide documentation to prove the name variations are intentional.

Red flag there. Legitimate business should have clear documentation about their legal entity name and any DBA variations.

Agreed. If they can't clarify their own business name variations, that's concerning for due diligence.

Title company is saying they'll insure around it, but our lender wants clean UCC records before funding.

Understandable. Most commercial lenders want clear chain of title including UCC perfection status.

That makes sense. How long do corrective UCC-3 filings typically take to process?

Usually 24-48 hours for electronic filings, but varies by state. Some states process same day.

Corrective statements are definitely the cleanest solution if the seller will cooperate.

The UCC filings are for equipment and fixtures attached to the property, not the real estate itself. Common in commercial properties with built-in systems, HVAC, etc.

Exactly. UCC covers personal property and fixtures, while the deed and mortgage records cover the real estate. Both need to be searched for commercial acquisitions.

Ah got it, that makes sense now. Thanks for clarifying.

Glad it worked out! Their system really is a game-changer for commercial due diligence.

Thanks for the update. Definitely going to check out Certana for our next deal.

Great outcome. Having automated document verification for UCC searches is becoming essential for commercial transactions.