Chattel Mortgage Form With Two Points In Massachusetts
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FAQ
Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.
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.
Current interest rates Type of loanAverage ratesTypical minimum credit score FHA 6.45% 500 Fannie Mae Varies 620 Freddie Mac Varies 620 Chattel Starting at 8% 5751 more row •
A mortgage company may be a chartered bank, a credit union, a trust company or other financial institution providing mortgage loans.
Every executor, administrator, trustee, guardian, conservator, trustee in a noncorporate bankruptcy or receiver of a trust or estate that received in- come in excess of $100 that is taxable under MGL ch 62 at the entity level or to a beneficiary(ies) and that is subject to Massachusetts jurisdiction must file a Form 2.
The acquisition date is the date on which the acquirer obtains control of the acquiree, which is generally the closing date. However, if control of the acquiree transfers to the acquirer through a written agreement, the acquisition date can be before or after the closing date.
The mortgage acquisition date is the date that the reporting lender shown on the Form 1098 acquired the mortgage. The mortgage acquisition date would apply if the mortgage was sold to another lender who was not the original lender of the mortgage.
Date of acquisition means the date when ownership of a depreciable asset transfers from the transferor to the transferee such that both are bound by the transaction. For purposes of transfers of real property, the date of acquisition is the date of delivery of the instrument transferring ownership.
Mortgage Acquisition means the acquisition of a mortgage encumbering a Property in lieu of acquiring the Property itself, and thereafter Remediating such Property and obtaining title to such Property pursuant to exercise of remedies (or acceptance of a deed in lieu thereof) pursuant to the acquired mortgage, all in ...