by Sue McKee, Ground Clearance LLC ♦
A few simple steps to check for liens before you purchase an expensive piece of equipment can save you dollars and headaches, according to Ground Clearance LLC, lien search service for the equipment industry.
Usually it is the buyer’s responsibility to conduct a search to determine if a creditor has established a perfected interest on a piece of equipment. However, sometimes sellers already have performed a lien search, either before purchasing a used piece of equipment or in preparation for the sale.
Ground Clearance frequently receives calls from buyers purchasing equipment through third parties, such as brokers, dealers or auction companies. Buyers cannot rely upon a third party to volunteer the sellers’ information to them.
Here are some tips for buyers:
Ground Clearance will work with third parties involved in a sale to verify debt while keeping owner information private. Each party gets the information they need to make a successful deal. Call 402-484-5071 or visit www.GroundClearanceLLC.com