Chattel Mortgage Form With Mortgage In Mecklenburg

State:
Multi-State
County:
Mecklenburg
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

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.

All property in Mecklenburg County was revalued as of January 1, 2023. Every eight years, the Mecklenburg County Tax Assessor's Office conducts a property revaluation. The next revaluation is set for 2027.

A chattel mortgage shall not be valid against any person except the mortgagor, his executors or administrators, unless the possession of the property is delivered to and retained by the mortgagee or unless the mortgage is recorded in the office of the register of deeds of the province in which the mortgagor resides at ...

By chattel mortgage, personal property is recorded in the Chattel Mortgage Register as a security for the performance of an obligation. If the movable, instead of being recorded, is delivered to the creditor or a third person, the contract is a pledge and not a chattel mortgage.

Mecklenburg County property tax rate is 48.31 cents per $100 in property value. Therefore, to calculate your county property taxes, take the assessed value of your property, divide by 100, and then multiply by 0.4831. For example, the owner of a $200,000 house will have an annual County tax bill of $966.20.

Contact County Assessor's Office Please call our office at 980-314-4226 or email us using the appropriate service area email address below. For questions related to your tax bill, visit Office of the Tax Collector.

The traditional mortgage is only for stationary property. It's suited for long-term real estate investments. Chattel loans are for property that can be easily moved. They're also an option for borrowers who want their loans approved faster and with shorter repayment times.

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How Has the Pandemic Affected the Mortgage Industry? When using these Correction Deed forms, the subject real estate must be physically located in Mecklenburg County.Indicate only real estate which the decedent devised (willed) to his or her estate or to his or her executor in the capacity as executor (not as an individual). And, if you can't qualify right now, they can help you get on the right path. Long Form Application. First, choose the consumer complaint form that fits your problem. Next, enter the information into the form and submit it electronically. That form assist you in completing the form. Count on New American Funding to guide you on your path to success in the North Carolina real estate market.

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Chattel Mortgage Form With Mortgage In Mecklenburg