US Legal Forms
Rent
Chattel Mortgage on Mobile Home

Chattel Mortgage Form For Mobile Home In Los Angeles

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Los Angeles

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 Non compete agreement utah without compensation

View this form

View Non compete agreement with compensation

View this form

View Non compete agreement with consultant

View this form

View Non compete agreement with employee

View this form

View Non compete agreement with employer

View this form

Form Rating

4.6

Satisfied(250)

Form popularity

FAQ

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.

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.

You will need to fill out several forms to complete a title transform, such as: Bill of sale. California Multi-Purpose Transfer Form. Original title. County tax clearance certificate.

Notice of involuntary lien California In general, the person suing must notify the property owner that a process is set to occur. The third-party might have tried to reach out to the debtor to negotiate repayment of debts but in vain.

Mobile home form: HO-7 A typical mobile home insurance policy is an HO-7 form. It helps protect the personal property and physical structure of the home. This type of policy form is a modified version of an HO-2. The perils covered by an HO-7 may be different than those covered by a standard HO-2.

You will need to contact the California Department of Housing and Community Development to retitle and transfer your manufactured home to another owner in the state. You will need to fill out several forms to complete a title transform, such as: Bill of sale. California Multi-Purpose Transfer Form.

If you do not have the last-issued, original “Certificate of Title”, contact HCD (call 1-800-952-8356 or email feeandtaxwaiver@hcd.ca) and let them know you need a “title search” for your home, so you can complete an “Application for Duplicate Certificate of Title.”

Adding A Family Member To A Property Title Choose the most appropriate deed. Prepare the deed. Complete the deed with accurate information about the property and the person being added. Sign the deed in the presence of a notary public. File the deed with the county recorder's office. Update the property records.

A lien can be put on the property but the creditor will need to get a judgment against you first. Even thought you think it is a separate debt, California is a community property state and as such, your wife may also be liable. Please talk to a bankruptcy attorney for further clarification and to review your options.

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 (800) 232-3908 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.

Chattel Mortgage Form For Mobile Home In Los Angeles

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

Is a mobile home considered real property in California?

Is it easier to get a mortgage for a mobile home?

What forms do I need to sell my mobile home in California?

Are mobile homes considered personal property in California?

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

What form is a mobile home written on?

What is the process of selling a mobile home in California?

How do you get a copy of a title for a mobile home in California?

How to transfer a mobile home title to a family member in California?

Can someone put a lien on my mobile home?

More info

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