Chattel Mortgage Form For Vehicle In Montgomery
Description
Form popularity
FAQ
What are the best chattel mortgage interest rates? The best chattel mortgage rates generally start from around 7.50% p.a. but can range up to 15% p.a. or higher for some borrowers. To get the best rate — i.e. the lowest rate — a borrower will want to present as little risk to the lender as possible.
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.
Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.
Complete legal description including Plat Book or the Section, Township, Range. Signed and notarized. Names should be printed beneath all signatures. All instruments of conveyance must be in writing, attested by two witnesses, and signed by the contracting party or his agent.
Alabama Property Search (6 Steps) Select County. Go to the Alabama Department of Revenue's county offices page and select the county where the property is located (for these instructions, we chose Baldwin County). Navigate to Online Record Search. Select Deeds & Records. Enter Search Query. View Results. Gather Information.
Deed tax is 50 cents per each $500.00 or fraction thereof on the value of interest being conveyed. We always round up in increments of $500.00 (example $501.00 would round up to $1,000 and a $1.00 deed tax would be collected.)
All legal documents must be drafted by an attorney licensed to practice in the State of Alabama. Parties to a transaction can draft their own documents if they are doing so on behalf of themselves. Title Opinions must be rendered by an attorney licensed to practice in the State of Alabama.
If you have your title application, bill of sale, proof of Alabama insurance, and driver license for each owner, you may click the following link to register your vehicle online. Alabama Department of Revenue title application.
If you have your title application, bill of sale, proof of Alabama insurance, and driver license for each owner, you may click the following link to register your vehicle online. Alabama Department of Revenue title application.