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Chattel Mortgage on Mobile Home

Chattel Mortgage Form For Mobile Home In Philadelphia

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Philadelphia

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

Despite being titled as vehicles, homes are often taxed as real estate.

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.

In order to sell or transfer a mobile home without also selling or transferring the land on which it is located, the owner of the mobile home who intends to transfer the mobile home shall obtain a new certificate of title or ownership in ance with the procedure set forth in subsection (d).

All mobile homes or manufactured homes which are subject to taxation as real estate as provided in this chapter shall be assessed and taxed in the name of the owner.

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Streamline your yearly documentation, and reduce the time you may spend on Chattel Mortgage on Mobile Home in 2024. A chattel loan is a type of mortgage for a movable piece of personal property, such as a manufactured home.Achieve the dream of homeownership with manufactured housing loans from CIS Home Loans. View the forms library. It should include a description of the manufactured house in the mortgage. What is a Chattel Loan? If you're familiar with a traditional mortgage, you might know that a mortgage secures the loan to real property. In a manufactured home loan. Estate mortgage or chattel mortgage or other security interest for the benefit of the lender.

Chattel Mortgage Form For Mobile Home In Philadelphia

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FAQ

Is a mobile home considered real estate in PA?

Are chattel loans good?

Can you sell a mobile home in Pennsylvania without a title?

Is a mobile home considered real property in Pennsylvania?

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