Chattel Mortgage Form Formal Contract In Alameda
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FAQ
Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.
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.
Subject To Clauses List the mortgagee and the mortgage amount that you determined with your authorization at their lending institution. Example: “This property is being purchased “Subject To” the current existing mortgage owned by seller's mortgage company.”
If you need a copy of the current deed, contact or visit the Alameda County Recorder's Office. Copies of deeds are not available off the internet. There is an online name index.
