Chattel Mortgage Form For Mobile Home In Clark

State:
Multi-State
County:
Clark
Control #:
US-0007BG
Format:
Word; 
Rich Text
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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.
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FAQ

(a) A person who places a mobile home or allows a mobile home to be placed on any land which the person owns, possesses, or controls shall report that fact to the assessor of the township in which the land is located, or the county assessor if there is no township assessor for the township, within thirty (30) days ...

Under Indiana Code 6-1.1-7-10, mobile home owners MUST obtain a permit from the County Treasurer before: Moving a mobile home from one location to another; or. Transferring a mobile home title to another owner; or. Changing names in any manner on a mobile home title.

Upon fulfilling the statutory obligations, the landowner/mobile home community may complete the Affidavit of Sale or Disposal – Abandoned Manufactured Home - State Form 50635 to assign ownership to a purchaser without a certificate of title.

To convert the home and have it taxed as real property requires the home to be affixed to real property owned by the homeowner, to be on a permanent foundation, and the certification of title to be inactivated. Dealers inventory of manufactured and mobile homes must be taxed as personal, not real, property.

The only way to accomplish this is to apply for a title transfer permit through the county Treasurer's office and complete the process through the Indiana Bureau of Motor Vehicles.

Yes. But it can be more challenging than applying for a mortgage for a single-family home. Many traditional lenders don't provide mortgages to borrowers looking for mobile or manufactured homes. You might have to search for a lender willing to provide the financing you need.

Manufactured homes are taxed as personal property. The value of the home is determined using a schedule provided to the Assessor by the Nevada Tax Commission.

HO-7 - Mobilehome Form The mobile home form is bascially the same as an HO-3 but is designed specifically for mobile or manufactured homes.

(a) All houses, buildings, fences, ditches, structures, ions, railroads, toll roads and bridges, or other improvements built or ed upon any land, whether such land is private property or property of this state or of the United States, or of any municipal or other corporation, or of any county, city or town in ...

Transferring a mobile home title can be broken down into four main steps. Decide Your Terms. Before you can transfer your mobile home title, you need to decide what the terms of the exchange will be. Assemble Your Documents. Sign the Documents. File the Transfer.

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Go to our Forms catalog to get your Chattel Mortgage on Mobile Home. You can easily browse through our categories or use your search bar to get results.A chattel loan is a type of mortgage for a movable piece of personal property, such as a manufactured home. Title to the home must be in Fee Simple if classified as real estate and vehicle title is surrendered or must be treated as personal property or Chattel. To Title a Manufactured or Mobile Home: 1. Complete a Manufactured Home Application (form TD-420-729 check appropriate box at the top). Are there any financing options to purchase manufactured homes under a business for the purpose of renting them? Where a traditional loan or mortgage involves the purchase of real property (land), a chattel loan only deals with movable personal property. The biggest disadvantage is that chattel lending has higher interest rates and shorter loan terms. Carraway has no legal or equitable interest in the mobile home and that the sale was not complete.

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Chattel Mortgage Form For Mobile Home In Clark