US Legal Forms
Rent
Chattel Mortgage on Mobile Home

Chattel Mortgage Form For Mobile Home In Bronx

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Bronx

Control #:

US-0007BG

Format:

Instant download

Description

A chattel mortgage is a term used to describe a loan arrangement in which an item of movable personal property is used as security for the loan.

View North dakota lease agreement form

View this form

View North dakota lease agreement formula

View this form

View North dakota lease agreement withholding

View this form

View Not sue agreement for libel in most states

View this form

View Not sue agreement for peace meaning

View this form

Form Rating

4.6

Satisfied(250)

Form popularity

FAQ

To change a deed in New York City, you will need a deed signed and notarized by the grantor. The deed must also be filed and recorded with the Office of the City Register. Transfer documents identifying if any taxes are due must also be filed and recorded with the City Register.

You would have to record a new deed adding or removing the person(s) name. Because it is a legal document with legal consequences, we HIGHLY advise you work with an attorney to do so.

Form TP-584 must be filed for each conveyance of real property from a grantor/transferor to a grantee/transferee.

The State of New York requires all mobile and manufactured homes to be titled.

How long does a name change take? The time frame for completing a name change on a deed can vary by state and county. Once you have all the necessary documents, filing with the county recorder's office can be relatively quick, often within a few weeks to a few months.

To be eligible for a traditional mortgage, a manufactured home has to qualify as real property, equivalent to a site-built home. We've already mentioned some requirements, for example being attached to a permanent foundation. Anything that makes it mobile has to be removed, such as wheels, a towing hitch, and axles.

There several reasons why mortgages on manufactured homes are more difficult to obtain and may command higher rates. The first is, typically they are not on owned land. Second, they depreciate. Third, they conceivably can be removed from the land, impairing the lender's security.

The Bottom Line. Chattel mortgages are a little-known but potentially good option if you're looking to finance a manufactured home or heavy equipment. These loans are smaller than conventional loans and tend to have higher rates, but they have shorter terms and quicker payoffs.

More info

We specialize exclusively in providing Manufactured and Mobile Home loan and insurance programs. Apply Now We Are Trusted Industry LeadersYour one-stop-shop for your manufactured home loans and purchase including: Loan origination, insurance, and refinancing. Apply for your loan effortlessly. You can search for, get copies of, or update property ownership records, such as deeds and mortgages. A deed is often referred to as a title. Streamline your yearly documentation, and reduce the time you may spend on Chattel Mortgage on Mobile Home in 2024. A chattel loan is a type of mortgage for a movable piece of personal property, such as a manufactured home. Real Property Recording Fees. Document To Be Filed, Fee On Standard Form.

Chattel Mortgage Form For Mobile Home In Bronx

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

How to change name on house deed in NY?

Do I need a lawyer to add a name to a deed in NY?

What is a NYS TP-584 used for?

Do you need a title for a mobile home in NY?

How long does it take to change the name on a deed?

Can you get a mortgage on a manufactured home?

Why is it hard to get a mortgage on a manufactured home?

Are chattel loans good?

More info

Trusted and secure by over 3 million people of the world’s leading companies