Chattel Mortgage Form With 2 Points In Harris

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

Description

The Chattel Mortgage form on Mobile Home serves as a legal agreement between the Mortgagor and Mortgagee, detailing the terms under which personal property (the mobile home) is mortgaged as security for a loan. Key features include a clear description of the mobile home, the amount owed, the interest rate, and payment schedule. The form requires the Mortgagor to maintain possession of the collateral while ensuring it is kept free of other encumbrances and properly insured. Filling instructions specify where to input information about the parties involved, the mortgage amount, and terms of repayment. Users should sign the document in the presence of a notary public to ensure its legal validity. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it outlines the obligations and rights of both parties in a clear manner. Additionally, it reflects the necessary legal protections for lenders while enabling borrowers to secure financing through personal property.
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FAQ

To calculate your tax rate, take your home appraised value (minus applicable exemptions) and divide by 100, then multiply the result by the tax rate for the taxing entity/entities. This result should be your bill for the current calendar year, due by January 31.

Texas levies property taxes as a percentage of each home's appraised value. So, for example, if your total tax rate is 1.5%, and your home value is $100,000, you will owe $1,500 in annual property taxes.

To calculate your tax rate, take your home appraised value (minus applicable exemptions) and divide by 100, then multiply the result by the tax rate for the taxing entity/entities. This result should be your bill for the current calendar year, due by January 31.

Overview of Harris County, TX Taxes The state of Texas has some of the highest property tax rates in the country. In Harris County, the most populous county in the state, the average effective property tax rate is 1.77%. That's nearly double the national average of 0.90%.

A chattel mortgage shall not be valid against any person except the mortgagor, his executors or administrators, unless the possession of the property is delivered to and retained by the mortgagee or unless the mortgage is recorded in the office of the register of deeds of the province in which the mortgagor resides at ...

Property taxes in Houston are ad valorem, aligning with the property's value. Property tax rates are set by local authorities in the greater Houston area, such as the county, city, and school districts. These taxes fund essential services like education, infrastructure, and emergency services in the community.

The Bottom Line Chattel mortgages are a little-known but potentially good option if you're looking to finance a manufactured home or heavy equipment. These loans are smaller than conventional loans and tend to have higher rates, but they have shorter terms and quicker payoffs.

Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.

LTO MEMORANDUM CIRCULAR NO. 17 of the said manual of operations provides that “In all dealings or transactions on motor vehicles, a chattel mortgage or release thereof shall first be registered with the office of the Register of Deeds before any registration transaction is effected.”

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Chattel Mortgage Form With 2 Points In Harris