UCC Foreclosure Sales

Secured parties that find themselves faced with the task of conducting a UCC sale can rely on Auction Advisors to conduct the sale in a professional and “commercially reasonable” manner.  Auction Advisors  has a proven track record of successful sales that have been upheld after being legally challenged, ensuring that our client’s assets are protected.  Our services are provided at the highest professional level, while still being economically efficient for our clients.

 

How can we help

☑ Seamless Sale Execution:

We facilitate the organization and execution of the foreclosure sale, expertly handling all aspects, including advertising, proper notifications, and coordination with relevant parties to maximize participation and fairness.

☑ Bidder Management and Support:

Our firm actively manages communications with potential bidders, providing them with clear, transparent information to foster a competitive and efficient bidding process.

☑ Comprehensive Post-Sale Services:

After the sale concludes, we continue to provide support by assisting with the transfer of assets and addressing any subsequent matters that may arise.  This includes supporting our clients in any related litigation, and even  rendering testimony if needed.

☑ Tailored Consultation Services:

We recognize that every situation is unique. Our team offers personalized consultations to thoroughly assess your specific needs and develop an effective strategy that aligns with your goals.

☑ Expert Guidance:

We are well acquainted with norms and practices of UCC auctions, providing you with expert advice on the requirements and potential challenges associated with conducting UCC foreclosure sales.

☑ Thorough Documentation Preparation:

We assist in meticulously preparing and filing all necessary documentation, ensuring compliance with legal standards and regulatory requirements for a smooth foreclosure process.

☑ Industry Insights:

With our in-depth knowledge of auctions generally, the UCC foreclosure process and trends in the market, we provide valuable insights that can help you make informed decisions every step of the way.

☑ Expert Guidance:

We are well acquainted with norms and practices of UCC auctions, providing you with expert advice on the requirements and potential challenges associated with conducting UCC foreclosure sales.

☑ Thorough Documentation Preparation:

We assist in meticulously preparing and filing all necessary documentation, ensuring compliance with legal standards and regulatory requirements for a smooth foreclosure process.

☑ Industry Insights:

With our in-depth knowledge of auctions generally, the UCC foreclosure process and trends in the market, we provide valuable insights that can help you make informed decisions every step of the way.

Case Studies

UCC Foreclosure: Minority Interests in LLC with underlying real property

📍1045 Hidden Ridge Drive, Irving, TX 75038

Auction Location: Via ZOOM, by invitation to Qualifying Bidders

AuctionAdvisors was engaged to conduct the UCC foreclosure auction of 19% of the Membership Interests of the Limited Liability Company that owns the real property at 1045 Hidden Ridge Drive in Irving, Texas. The Property consists of a 20,925 SF former restaurant building on 2.9 Acres. Qualifying bids were due 2 days before the auction was conducted. AuctionAdvisors prepared a comprehensive dataroom containing LLC Governing Documents, details about the Property, Notice of Sale, and Terms & Conditions of Sale, and additional details about the offering.

UCC Article 9 Foreclosure Auction: Hightstown Development

📍 N. Academy & 101 Bank Street, Hightstown, NJ

Auction Location: Via ZOOM, by invitation to Qualifying Bidders

UCC Article 9 Foreclosure Sale of the Minority Member’s Membership Interests in the Limited Liability Company: 3PRC, LLC, the developer of Bank Street Village (f/k/a City Line at Hightstown). This development will consist of 343 apartment units in three buildings, 43 townhouses, parking structures, related amenities, appurtenant structures & improvements.
 
 
 
 
 
 
 

UCC Foreclosure – Minority Interests in LLC with underlying real property

📍1045 Hidden Ridge Drive, Irving, TX 75038

Auction Location: Via ZOOM, by invitation to Qualifying Bidders

This is a UCC Foreclosure Auction sale.  Selling 19% of the Membership Interests of the Limited Liability Company that owns the real property (the “Property”). The Property consists of a 20,925 SF former restaurant building on 2.9 Acres, located at 1045 Hidden Ridge Drive, Irving, Dallas County, Texas.  NOT SELLING direct fee simple ownership of the Property. Qualifying bids due September 16, 2024 @11:00 AM CT;  Auction September 18, 2024 @11:00 AM CT. To see more information, including LLC Governing Documents, details about the Property, Notice of Sale, and Terms & Conditions of Sale, see documents posted on this website.

UCC Foreclosure – Minority Interests in LLC with underlying real property

📍1045 Hidden Ridge Drive, Irving, TX 75038

Auction Location: Via ZOOM, by invitation to Qualifying Bidders

This is a UCC Foreclosure Auction sale.  Selling 19% of the Membership Interests of the Limited Liability Company that owns the real property (the “Property”). The Property consists of a 20,925 SF former restaurant building on 2.9 Acres, located at 1045 Hidden Ridge Drive, Irving, Dallas County, Texas.  NOT SELLING direct fee simple ownership of the Property. Qualifying bids due September 16, 2024 @11:00 AM CT;  Auction September 18, 2024 @11:00 AM CT. To see more information, including LLC Governing Documents, details about the Property, Notice of Sale, and Terms & Conditions of Sale, see documents posted on this website.

At AuctionAdvisors, we are committed to ensuring that you navigate UCC foreclosure sales with confidence and success.
Our mission is to provide reliable, professional assistance that simplifies the process and protects your interests.
Contact us today to learn more about how we can assist you in achieving your foreclosure objectives.

Let’s connect and work together

If your business or a business in your portfolio is facing a current challenge, our team can provide a qualified perspective and experience-based guidance toward an optimized resolution.
Our Services

Advisory

Brokerage

Asset Recovery

Accelerated 
Marketing

Fiduciary & 
Receivership

UCC Foreclosure 
Sales

Summary

BACKUP OF TEXT

 

At AuctionAdvisors, we understand that navigating the complexities of UCC (Uniform Commercial Code) foreclosure sales can be a daunting and intricate process. Our dedicated team of experts is here to provide you with comprehensive support and guidance throughout every step of the foreclosure process, ensuring your interests are protected.

How We Can Help:

Expert Legal Guidance: Our attorneys specialize in UCC law, providing you with expert advice on the legal requirements and potential challenges associated with conducting UCC foreclosure sales.

Thorough Documentation Preparation: We assist in meticulously preparing and filing all necessary documentation, ensuring compliance with legal standards and regulatory requirements for a smooth foreclosure process.

Seamless Sale Execution: We facilitate the organization and execution of the foreclosure sale, expertly handling all aspects, including advertising, proper notifications, and coordination with relevant parties to maximize participation and fairness.

Bidder Management and Support: Our firm actively manages communications with potential bidders, providing them with clear, transparent information to foster a competitive and efficient bidding process.

Comprehensive Post-Sale Services: After the sale concludes, we continue to provide support by assisting with the transfer of assets and addressing any subsequent legal matters that may arise.

Tailored Consultation Services: We recognize that every situation is unique. Our team offers personalized consultations to thoroughly assess your specific needs and develop an effective strategy that aligns with your goals.

Industry Insights: With our in-depth knowledge of the UCC foreclosure process and trends in the market, we provide valuable insights that can help you make informed decisions every step of the way.

At AuctionAdvisors, we are committed to ensuring that you navigate UCC foreclosure sales with confidence and success. Our mission is to provide reliable, professional assistance that simplifies the process and protects your interests. Contact us today to learn more about how we can assist you in achieving your foreclosure objectives.

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