For home improvement loans, I know that I need to report the address of the property being improved (property 1), even it if it secured by a different property (property 2).
When I report the lien status for this scenario, do I report the lien status as "3" (not secured by a lien)since the loan isn't secured by the property that I'm reporting (property 1)?
Or,
Do I report the lien status of "1" since it's secured by a 1st lien on a different property (property 2)?