Chattel Mortgage Form Formal Contract In Maricopa

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

Description

The Chattel Mortgage form formal contract in Maricopa is designed to secure a loan using personal property, specifically a mobile home, as collateral. This document establishes a legal agreement between the Mortgagor and Mortgagee, detailing obligations including payment terms outlined in a Promissory Note, and essential covenants regarding ownership and insurance of the collateral. Key features include the description of the collateral, the amounts owed, and provisions for default and remedy actions by the Mortgagee. Filling the form requires accurate personal and financial information, along with proper identification of the collateral. It is vital for users to retain possession of the collateral until a default occurs. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who facilitate secured transactions and ensure compliance with state laws. They can leverage this form to protect the interests of clients engaging in financial dealings involving personal property while providing guidance on the nuances of such agreements.
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FAQ

The first requirement for nearly any real estate deed is that it must be in writing. The grantor must sign the deed in the presence of a notary public or other officer authorized to take acknowledgements (A.R.S. 33-401). Arizona provides statutory forms for quitclaim, conveyance, and warranty deeds.

The Maricopa County Recorder's Office processes and preserves public records including deeds, plats, and a variety of other essential documents for county residents.

You can record a document in-person, by mail, or electronically. Your document must be an ORIGINAL or government-issued CERTIFIED copy to be accepted for recording. For more information on Recording Requirements, please see our Form Requirements, as pursuant to A.R.S. 11-480.

602-506-3535 M-F 8 a.m. to 5 p.m.

Maricopa County Recorder's Office has two full service offices to record your quitclaim deed. The main office is located in downtown Phoenix. The Southeast office is in Mesa, Arizona.

➢ Beneficiary deeds are filed in the Maricopa County Recorder's Office.

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 ...

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.

Removing the encumbered status of the car on the LTO Certificate of Registration (CR) is done at the LTO. It can't just be any LTO office. It has to be done at the originating LTO branch office (the office where it was originally registered), or the LTO office stated on the Certificate of Registration (CR).

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Chattel Mortgage Form Formal Contract In Maricopa