Can someone put a lien on my house without me knowing?

Yes, it happens. Sometimes a court decision or settlement results in a lien being placed on a property without the owner's immediate knowledge. This typically occurs when a court-ordered lien or certificate of judgment is issued against you and recorded at the county recordings office.

US Legal Forms
Rent
Chattel Mortgage on Mobile Home

Chattel Mortgage Form With Promissory Note In Illinois

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

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 Spousal support agreement with veterans with ptsd

View this form

View Spousal support agreement withholding order

View this form

View Spousal support agreement without child

View this form

View Spousal support agreement without divorce

View this form

View Spousal support agreement without marriage

View this form

Sample Letter for Return of Overpayment to...

View this form

Loan Form Corporation - Corporate Resolutions

View this form

Form Rating

4.6

Satisfied(250)

Form popularity

FAQ

The clerk in the recorder's office will take your original documents and stamp them with the date, time, a filing number, and book and page numbers. The original documents will be mailed back to you. Note: trust deeds are exempt from the documentary transfer tax. California Revenue and Taxation Code § 11921.

As the borrower, you'll receive a copy of your mortgage note at closing, not the original. The original mortgage note is held by your mortgage lender or servicer until (or unless) the lender sells it on the secondary market. Most lenders do this relatively quickly after closing.

ANSWER: Be very careful. A promissory note does not create a lien. You need a proper deed of trust (a security agreement similar to a mortgage) that is signed by the borrower and is notarized. You could then record the deed of trust with the recorder's office in the county where the property is located.

If you lost your mortgage note copy, request another one from your mortgage lender or servicer. Some lenders require you to make this request in writing. You could also try to retrieve a copy through your local recording office.

Intangible Property. Used chiefly in the laws of taxation, this term means such property as has no intrinsic and marketable value, but is merely the representative or evidence of value, such as certificates of stock, bonds, promissory notes, and franchises.

Yes, a properly executed promissory note is legally binding. As long as the note contains all necessary elements, is signed by the involved parties, and complies with applicable laws, it's enforceable in court if the borrower defaults or fails to meet their obligations.

Yes, it happens. Sometimes a court decision or settlement results in a lien being placed on a property without the owner's immediate knowledge. This typically occurs when a court-ordered lien or certificate of judgment is issued against you and recorded at the county recordings office.

More info

How Do You Fill Out an Illinois Note? Download a template here.Outline the terms and conditions of your loan in Illinois. This assignment of mortgage may be used in Illinois to transfer a mortgage on real property from the existing mortgage lender to a new lender. View on Westlaw or start a FREE TRIAL today, FORM 55. Chattel Mortgage, Reference to Promissory Note—Retail Installment Sale, Legal Forms. Cook County Mortgage Form. Fill in the blank form formatted to comply with all recording and content requirements. This Promissory Note is executed in accordance with the laws of the State of Illinois. If interest is charged, the rate should be included with a repayment schedule.

Chattel Mortgage Form With Promissory Note In Illinois

Description

Related forms

Viewed forms

Show more info

Form Rating

Form popularity

FAQ

How do I get my original promissory note?

How do I access my mortgage notes?

Can a promissory note be used for lien?

How do I get a copy of my mortgage promissory note?

What is a promissory note classified as?

Does a promissory note hold up in court?

Can someone put a lien on my house without me knowing?

More info

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