Chattel Mortgage Form Foreclose In Bexar

State:
Multi-State
County:
Bexar
Control #:
US-0007BG
Format:
Word; 
Rich Text
Instant download

Description

The Chattel Mortgage form specifically designed for foreclosures in Bexar serves as a legal document that facilitates the mortgage of personal property, such as a mobile home. This form outlines the agreement between the Mortgagor and the Mortgagee, detailing the collateral and the terms of repayment. Key features include the identification of parties, the description of the mobile home, and specific payment conditions tied to a Promissory Note. Users are required to fill in the personal information of both parties and specify amounts, interest rates, and payment schedules. Editing should focus on ensuring accuracy in the details as any error could affect the legal standing of the document. The form is intended for use by attorneys, partners, owners, associates, paralegals, and legal assistants, ensuring they can secure loans against movable property while complying with legal standards. Its structure supports clarity and comprehension, making it accessible even for users with limited legal experience. Additional considerations include provisions regarding insurance, ownership, and default clauses, which provide legal protections for the Mortgagee and outline the Mortgagor's obligations.
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FAQ

Foreclosure Sales & Bidding The sale will take place at the west side of the Bexar County Courthouse (between the Courthouse and the Paul Elizondo Tower), or as designated by the Commissioner's Court, and is open to the public for bidding. Registration is not needed to bid on a mortgage foreclosure.

Timelines for distressed borrowers Borrowers have the most protections if a complete application for mortgage assistance is submitted within 120 days of the first missed payment because the servicer is not allowed to start a foreclosure process during those 120 days.

By the fifth missed payment, foreclosure proceedings are usually underway.” In California, you may get a notice of trustee's sale, which puts your property on the auction block.

Ing to ATTOM, the states with the highest foreclosure rates in 2024 were Florida (1 foreclosure filing for every 267 homes), New Jersey (1 in every 267 homes), Nevada (1 in every 273 homes), Illinois (1 in every 278 homes), and South Carolina (1 in every 304 homes).

Most foreclosures in Texas are non-judicial. These are held on the first Tuesday of each month between 10 a.m. and 4 p.m. at a designated spot, usually at or near the courthouse of the county where the property is located.

Mortgage Foreclosure Surplus Recovery in Texas Generally, a borrower will have to submit a claim to the trustee administrator for their surplus funds. The administrator usually sends a notice about the available funds to the borrower sometime after the foreclosure sale asking if the borrower wants to make a claim.

The sale will take place on the west side of the Bexar County Courthouse located at 100 Dolorosa, San Antonio, Texas or as designated by the Commissioner's Court. 4.

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Chattel Mortgage Form Foreclose In Bexar