If you’re looking to sell or refinance your home, and there’s a UCC-1 fixture lien on your home due to a Best Egg Secured Loan, you can still sell or refinance your home—as long as the loan will be paid in full.
Here’s what to do:
- Inform your mortgage or title lender that a fixture lien is in place and must be terminated before closing.
- Provide a borrower’s authorization form signed by you to allow Best Egg to release loan information to a lender.
- Have your lender email loanservicing@bestegg.com to:
- Request a payoff quote
- Confirm the loan will be paid in full using proceeds from the sale or refinance
Once the loan is paid in full and 10 days have passed, Best Egg will file a lien termination. Your county’s processing timeline will determine when the lien is officially removed.
Here are some of the most common questions people ask about:
- What’s the difference between Best Egg’s secured loan and a home equity loan?
- Can I sell or refinance my home with a UCC-1 fixture lien attached?
- Can I pay off my secured loan with the sale of my home?
- I am selling or refinancing my home. Who does my lender contact to obtain a payoff quote so the UCC-1 lien can be paid off and terminated?
For more information about secured loans, check out our FAQs.