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.

How do I file a lien on a property in Washington state?

For both residential and commercial projects, general contractors and subcontractors must file a claim of lien at the county auditor's office in the county where the work was performed within ninety (90) days after the last day labor, materials, equipment or services were provided at the site.

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Chattel Mortgage on Mobile Home

Chattel Mortgage Form With Mortgage In Washington

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.

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By chattel mortgage, personal property is recorded in the Chattel Mortgage Register as a security for the performance of an obligation. If the movable, instead of being recorded, is delivered to the creditor or a third person, the contract is a pledge and not a chattel mortgage.

A pledge involves transferring possession of the property to the lender, who retains it until the debt is repaid. On the other hand, a mortgage entails transferring ownership interest in the property to the lender, while the borrower retains possession and usage rights.

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 ...

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.

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

When can a lien be filed against you? A lien against a consumer must be filed within 90 days of work stoppage, or delivery of materials. Additional information regarding the timeline for filing liens may be found in RCW 60.04.

For both residential and commercial projects, general contractors and subcontractors must file a claim of lien at the county auditor's office in the county where the work was performed within ninety (90) days after the last day labor, materials, equipment or services were provided at the site.

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Cascade Financial Services offers Mobile Home loans for Manufactured homes. Contact us today to get started on your Mobile Home loan process!Chattel Mortgages, has been adopted in'the State of Washington. Washington Mortgage Deed Template. You will learn how to fill out the form accurately to avoid common pitfalls and ensure a legally binding agreement. The Mortgage Lender must require the Mortgagor to execute the. Addendum to Residential Loan Application in the form contained in the Program Manual. Insert the recording information from the Master Form Deed of Trust in the second paragraph of the "Definitions" section of the Short Form Deed of Trust. Lender: Loan terms, credit report issues, etc. • Escrow Officer: Escrow instructions, documents and forms to be filled out. 23.

Chattel Mortgage Form With Mortgage In Washington

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