Chattel Mortgage Form For Individuals In Florida

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

Description

The Chattel Mortgage form for individuals in Florida serves as a legal document wherein the Mortgagor secures a loan using a mobile home as collateral. This form includes essential details such as the names and addresses of both the Mortgagor and Mortgagee, the amount borrowed, and the terms of repayment, including interest rates and payment schedules. The document emphasizes the Mortgagor's obligations, including maintaining insurance on the collateral and restrictions on its transfer without the Mortgagee's consent. Legal professionals such as attorneys, paralegals, and associates can use this form to draft secure agreements for clients, ensuring they understand their rights and obligations. Partners and owners can utilize the form to finance mobile home purchases, while legal assistants may aid in its preparation and filing. It's crucial to fill out the form accurately, adhering to state laws, and ensuring all signatures are notarized to validate the agreement. Overall, this Chattel Mortgage form is a vital tool for financing and securing loans in a structured manner within the state of Florida.
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FAQ

You must submit the paper title. Your customer should sign a completed form HSMV 82139 Notice of Lien. Submit the completed form HSMV 82139 Notice of Lien, the paper title and a check (see fees) to the Tax Collector's office. The lien will be added to show you as lien holder.

(3)(a) A person may file a notice of lien with regard to a motor vehicle or mobile home before a security agreement, retain title contract, conditional bill of sale, chattel mortgage, or other similar instrument is executed granting a lien, mortgage, or encumbrance on, or a security interest in, such motor vehicle or ...

Section 319.241, Florida Statutes, Removal of lien from records – The owner of a motor vehicle or mobile home upon which a lien has been filed with the department or noted upon a certificate of title for a period of 5 years may apply to the department in writing for such lien to be removed from the department files or ...

55.202(2) on personal property of the owner desires to place a lien on the motor vehicle or a vessel, the judgment lienholder must send a written request to the department, together with a copy of the lienholder's judgment lien certificate.

The claim of lien must be recorded in the clerk's office in the county where the property is located, at any time during the progress of the work or upon completion, but not later than 90 days of the final providing of labor, services or materials by the lienor.

To attach a lien, the creditor must record the judgment with the county recorder in any Florida county where the debtor owns real estate now or may own real estate in future. For liens on personal property, the creditor files the judgment with the Florida Department of State.

Thanks to stringent building codes, safety inspections standards, and Florida's comprehensive installation requirements, a Florida factory-built home may be the safest home you can buy.

Manufactured and modular housing can be financed to meet your needs, with chattel mortgages for the house only or financing options for land and improvements. Government-backed FHA (Federal Housing Administration) and VA (Veterans Administration) loans are available for those who plan to finance the home and land.

Financing a mobile or manufactured home can be challenging because most traditional lenders don't provide mortgages for these home types. You can, though, find loans through programs run by government agencies such as the Federal Housing Administration or companies such as Fannie Mae or Freddie Mac.

Definitions of chattel. noun. personal as opposed to real property; any tangible movable property (furniture or domestic animals or a car etc) synonyms: movable, personal chattel. personal estate, personal property, personalty, private property.

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Chattel Mortgage Form For Individuals In Florida