How long does a lien last in Washington state?

A judgment lien in Washington will remain attached to the debtor's property (even if the property changes hands) for ten years.

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Chattel Mortgage on Mobile Home

Chattel Mortgage Form Formal Contract In Washington

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

Control #:

US-0007BG

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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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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.

Every person, firm or corporation who shall have performed labor or furnished material in the construction or repair of any chattel at the request of its owner, shall have a lien upon such chattel for such labor performed or material furnished, notwithstanding the fact that such chattel be surrendered to the owner ...

A judgment lien in Washington will remain attached to the debtor's property (even if the property changes hands) for ten years.

In contract law, “A promise is an expression that justifies the person to whom it is made in reasonably believing that a commitment has been made that something specific will happen or not happen in the future.” Washington law recognizes that, “A promise may be expressed orally, in writing, or by conduct.”

In Washington, the basic maxim is “An agreement is enforceable if its terms are reasonably certain.” The terms of a contract are “reasonably certain” if they provide the ability for determining a breach/default and for giving an appropriate remedy in case of breach/default.

How to draft a contract between two parties: A step-by-step checklist Know your parties. Agree on the terms. Set clear boundaries. Spell out the consequences. Specify how you will resolve disputes. Cover confidentiality. Check the legality of the contract. Open it up to negotiation.

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Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller the following described real estate in __________________ County, State of Washington. How to Write a Mortgage Deed.Before you fill out your mortgage deed form, write your state at the top. You will learn how to fill out the form accurately to avoid common pitfalls and ensure a legally binding agreement. The general rule is that contracts do not need to be in writing. The exception would be the contracts falling under the statute of frauds. Purchaser agrees to apply for such mortgage loan to at least one lending institution or licensed mortgage broker.

Chattel Mortgage Form Formal Contract In Washington

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

What is a chattel lien in Washington state?

How long does a lien last in Washington state?

Are verbal contracts legal in Washington state?

What makes a contract legally binding in Washington state?

How do you fill out a contract agreement?

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