Chattel Mortgage Form For Mobile Home In Florida
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Securing financing for a mobile home in Florida can be challenging due to limited options. Traditional mortgage lenders may be hesitant to provide loans for mobile homes, leading buyers to explore alternative lending sources. These may include specialized manufactured home lenders, credit unions, or home manufacturers.
There several reasons why mortgages on manufactured homes are more difficult to obtain and may command higher rates. The first is, typically they are not on owned land. Second, they depreciate. Third, they conceivably can be removed from the land, impairing the lender's security.
A certificate of title is the proof of ownership to a mobile home in the state of Florida. Most mobile homes are required to be titled. The exception is mobile homes which are declared as real property.
Sign a completed form HSMV 82139 Notice of Lien. Submit the completed form HSMV 82139 and a check (see fees) to the Tax Collector's office. The lien will be added to show you as lienholder.
The DMV form 82139 is used by lienholders to place a lien on a vehicle, vessel or mobile home.
(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 ...
