Chattel Mortgage Form For Mobile Home In Philadelphia

State:
Multi-State
County:
Philadelphia
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

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).

Form MV-16T is to be completed by the transferors of the mobile home or manufactured home and provided to the transferee to be submitted with the completed application for a Pennsylvania Certificate of Title.

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In order for the applicant to obtain a certificate of title, a certified copy of the court order must accompany a completed MV-1 form, along with taxes, fees, and evidence satisfactory to PennDOT that reasonable notice of the court proceeding had been provided to the vehicle owner, and any other interested party, ...

Form MV-16T is to be completed by the transferors of the mobile home or manufactured home and provided to the transferee to be submitted with the completed application for a Pennsylvania Certificate of Title.

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).

Mobile home owners who own both their mobile home and the real property it sits on have the option of changing from a DMV issued title to a warranty deed. This is called “retiring the title”.

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

Some states don't require a title for trailers, but Pennsylvania does.

More info

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.

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Chattel Mortgage Form For Mobile Home In Philadelphia