US Legal Forms
Rent
Chattel Mortgage on Mobile Home

Chattel Mortgage Form With Two Points In Virginia

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

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.

View Sample agreement for sale of property

View this form

View Sample agreement for sale of shares

View this form

View Sample agreement for sale of software

View this form

View Sample agreement for settlement

View this form

View Sample agreement for subcontractor

View this form

Form Rating

4.6

Satisfied(250)

Form popularity

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.

No recordation tax shall be required for the recordation of any deed of gift between a grantor or grantors and a grantee or grantees when no consideration has passed between the parties. Such deed shall state therein that it is a deed of gift.

All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia. The requirements are listed below in the code section. Click here to read about e-Recording.

More info

The chattel mortgage or other lien may be created separately or in combination with the mortgage loan on the real estate. 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.Two Borrowers with joint financial information: Complete the URLA plus the URLA-Additional Borrower. Report the assets, liabilities, and real estate for the. This guide has been designed to provide our participating lenders with the information they need to carry out their responsibilities as Virginia Housing. Chattel mortgages are used to finance movable assets separately from the land they occupy. They come with a higher cost than a traditional mortgage. Submission of Individual Form (MU4): Complete and submit the Individual Form (MU4) in NMLS. Once you have collected all the necessary documentation, you can fill out this request for a Certificate of Eligibility form. Note: After the initial interest rate adjustment, annual adjustments may be up to two percentage points.

Chattel Mortgage Form With Two Points In Virginia

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

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

What is the Virginia Code 58.1 811?

Can I prepare my own deed in Virginia?

More info

Trusted and secure by over 3 million people of the world’s leading companies