Chattel Mortgage Form With Two Points In Fairfax

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

Description

The Chattel Mortgage form with two points in Fairfax serves as a legal agreement where the mortgagor pledges a mobile home as collateral to the mortgagee for a loan. Key features include provisions for payment terms, interest rates, and the mortgagor's obligations such as maintaining insurance and not selling or relocating the collateral without consent. Specific filling and editing instructions emphasize clarity in entering names, addresses, amounts, and dates. Users must ensure to attach detailed descriptions of the collateral in Exhibit A. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in transactions requiring secured loans. It assists in establishing clear rights and responsibilities for both parties and ensures compliance with Virginia laws. Additionally, the form's stipulations protect the mortgagee’s interests while allowing the mortgagor to retain possession and use of the mobile home during the loan's duration.
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FAQ

Poverty in Fairfax County In 2019, poverty for a family of four is defined as a family annual income of less than $25,750 per year. (6.0% or 1 in 17) people live in poverty. (10.0% or 1 in 13) children under age 5 live in poverty. (4.7% or 1 in 18) people over age 65 live in poverty.

Annual Income Limit Household SizeExtremely Low Income 30%Low Income 80% 1 $32,500.00 $68,500.00 2 $37,150.00 $78,250.00 3 $41,800.00 $88,050.00 4 $46,400.00 $97,800.004 more rows

FY 2021-2022 Real Estate Tax Rates FY 2021-2022 Real Estate Tax Rates Arlington County $1.013 City of Fairfax $1.075 Fairfax County $1.14 City of Falls Church $1.326 more rows

The WDU Program establishes maximum household income limits between 60 and 120 percent of the Area Median Income (AMI). The 2024 AMI for a household of four is $154,700 as set by the US Department of Housing and Urban Development.

The Workforce Dwelling Unit (WDU) Rental Program provides qualified households with low- and moderate-income the opportunity to live at a reduced rent in privately owned and privately managed market-rate apartment communities located throughout Fairfax County.

In Fairfax County and the City of Fairfax, homestead deeds are recorded in the Land Records Division of the Fairfax Circuit Court. The address of the Land Records Division is: Fairfax Circuit Court, 4110 Chain Bridge Road, Suite 317, Fairfax, VA 22030. The telephone number is 703/691-7320 (press 3, then 3).

Orange County Low-Income Housing Limits Household SizeExtremely Low IncomeLow Income 1 person $33,150 $88,400 2 persons $37,900 $101,000 3 persons $42,650 $113,650 4 persons $47,350 $126,2504 more rows •

How Does the WDU Policy Work? The WDU Policy allows developers to receive a "density bonus" on their development project of up to 20 percent in exchange for a commitment of WDUs across a variety of income levels.

The ADU Program is established to assist in the provision of affordable housing for persons of low and moderate income.

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Chattel Mortgage Form With Two Points In Fairfax