Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Mike Jones
2
Votes |
9
Posts

Remove solar lien after trustee sale

Mike Jones
Posted

Purchased a house at trustee sale. Former foreclosed owner financed a solar system with Solar Mosaic. They're refusing to remove the UCC filing. We told them to remove the panels and release the filing so we can clear title and sell the house. Of course that's the only leverage they have and they know used panels are practically worthless. Anyone out there have experience with this? Last year I had a similar situation with solar city and they were very cooperative. Solar Mosaic won't even return calls. 

Most Popular Reply

User Stats

3,499
Posts
3,453
Votes
Tom Gimer
  • DMV
3,453
Votes |
3,499
Posts
Tom Gimer
  • DMV
Replied

A few things. UCCs expire in 5 years... not sure where you are on that timetable. Further, a UCC would be a specific exception to the lender's title policy but would not affect the priority of the new mortgage. With a new owner you could -- if you talked to anyone intelligent at Solar Mosaic -- have the current UCC released and then refiled after closing.

  • Tom Gimer
business profile image
Gimer Law
5.0 stars
13 Reviews

Loading replies...