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Chattel Mortgage on Mobile Home

Chattel Mortgage Form For Vehicle In Oakland

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Oakland

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.

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FAQ

The purpose of a chattel mortgage is to secure financing for moveable property or chattel. Chattel mortgages can be used to finance vehicles, mobile homes, and even heavy equipment like tractors.

The Bottom Line. If you're looking to buy a modular home or movable piece of equipment, taking out a chattel mortgage could be right for you. These loans come with shorter terms and much lower processing fees. However, the interest rate will be higher than what you'd receive on a conventional mortgage.

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Find contacts and answers to all mortgage related questions, and problems that arise in your real estate transaction. The Register of Deeds Office creates a public record for all land situated in Oakland County.The chattel mortgage document specifies the vehicle identification numbers and plate number. Subtract any applicable mortgage liens before adding up the value of all assets to determine the Inventory Value. This form is required to register any property for the first time; it may be used to register covered units and to claim units exempt. Visit Provident's Oakland Community Branch at 4937-D Telegraph Ave, Oakland, CA 94609. Check branch hours, services, and meet our team. Secure access to your accounts. Anywhere. Anytime. Track purchases, check your balance and get personalized insights on spending habits. Create a document that outlines the agreement, including the type and amount of loan, the assets included in the mortgaged, and the terms of the agreement.

Chattel Mortgage Form For Vehicle In Oakland

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