2-23-10 creditors in commerce AFV February 2010

If I put a lien on your house with a UCC1 and your bank goes to foreclose, they have to send me a notice. If I don’t respond to that notice, they don’t have to pay me. If I respond and say I have the paramount security interest and any proceeds they get from selling the house have to go directly to me, my interest is first in line, first in ... ................
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