Chattel Mortgage Form For Mobile Home In Los Angeles

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

Special Paperwork for Mobile Homes in California Bill of sale. California Multi-Purpose Transfer Form. Original title. County tax clearance certificate.

By utilizing a transfer on death (TOD) deed, the owner of a mobile home can effectively bypass the probate process. The TOD deed allows for the seamless transfer of ownership to the designated beneficiary upon the owner's death, without the need for court involvement.

In California, property law distinguishes between two main types: real property and personal property. Real property refers to land and anything permanently attached to it, like homes or buildings (Civ.

Pursuant to section 5801(b)(2), manufactured homes are not classified as real property and, therefore, are classified as personal property. However, manufactured homes are treated and valued similar to real property assessed under the provisions of article XIII A of the California Constitution.

FHA loans with terms up to 30 years are available for manufactured housing. They require only a 3.5% down payment and are more flexible about credit score. Veterans and qualified family members may benefit from VA loans, which also offer lower interest rates.

Mobile Homes – housing built in a factory and first sold prior to July 1, 1980. Manufactured Homes – housing built in a factory and first sold on or after July 1, 1980. Mobile and manufactured homes may be installed on a permanent foundation.

California Mobile Home Paperwork The forms that will need to be filed with the HCD for a California mobile home title transfer include: California Multi-Purpose Transfer Form. Original title for the manufactured home. Bill of Sale signed by both parties.

Anyone wishing to become a manufactured home, mobilehome, or multifamily manufactured home (collectively referred to as “MH-units”) or commercial modular dealer or salesperson in California must obtain and maintain an active HCD license.

Transferring Ownership of a Mobile Home in California You will need to contact the HCD for all of the necessary forms to transfer ownership of your mobile home. Some of the forms required for a title transfer include: Bill of Sale signed by the owner and purchaser. California Multi-Purpose Transfer Form.

More info

The County of Los Angeles, Treasurer and Tax Collector provides a Mobile Home Tax Clearance Certificate, upon request, when a mobile home is purchased. OFFER: A. THIS IS AN OFFER FROM. ("Buyer").Call to be connected with a mobile home loan expert. Manufactured Home Mortgage can help you get pre-qualified and on your way to home ownership! 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. First Pacific Financial is one of the leading Chattel loan lenders in California. 21st Mortgage is one of the top manufactured and mobile home mortgage lenders on the market. Due to this issue, the exemption may not appear on the current property tax bill for some accounts. Chattel Loans: Ideal for homes located in mobile home parks where you're purchasing the home but not the land. Start the mobile home loan application process, continue your application or launch the payment estimator to get started at 21st Mortgage Corporation today.

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Chattel Mortgage Form For Mobile Home In Los Angeles