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Chattel Mortgage on Mobile Home

Chattel Mortgage Form With Mortgage In Orange

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Orange

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 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.

Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.

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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. A chattel mortgage is a loan used to purchase an item of movable personal property, such as a vehicle, which then serves as security for the loan.The real property being transferred is subject to an outstanding credit line mortgage recorded in. The document is a chattel mortgage agreement between a mortgagor and mortgagee. Cascade Financial Services offers Mobile Home loans for Manufactured homes. Contact us today to get started on your Mobile Home loan process! The revised Form MT15, Mortgage Recording Tax Return, will be available at the beginning of January 2025. A chattel loan is a type of mortgage for a movable piece of personal property, such as a manufactured home. Edit, sign, and share chattel mortgage form online. No need to install software, just go to DocHub, and sign up instantly and for free.

Chattel Mortgage Form With Mortgage In Orange

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FAQ

What is the difference between a package mortgage and a chattel mortgage?

What is an example of a chattel?

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