Chattel Mortgage Form With Balloon In Maricopa

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

Description

The Chattel Mortgage Form with Balloon in Maricopa is a legal document used to secure a loan for purchasing a mobile home, where the borrower (Mortgagor) mortgages the mobile home to the lender (Mortgagee) as collateral. This form includes crucial details such as the description of the collateral, loan amount, interest rate, and payment terms, which typically include a balloon payment at a specified date. Key features of the form include the Mortgagor's covenants to pay the secured amount, affirm ownership of the collateral, maintain insurance, and adhere to specific usage rules. Intended for use by individuals involved in legal practices, including attorneys, partners, and paralegals, this form is particularly useful for those facilitating secured loans or managing mobile home transactions. Users must fill out essential information such as the parties' names, terms of the loan, and must ensure not to add any encumbrances on the collateral. The form also outlines the rights of the Mortgagee in case of default, emphasizing the importance of adhering to the outlined payment schedule. Overall, this document provides a clear framework for securing financial interests in mobile homes while ensuring compliance with relevant legal obligations.
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FAQ

➢ Beneficiary deeds are filed in the Maricopa County Recorder's Office. ➢ See the Maricopa County Recorder's Website for information on form requirements and filing fees.

The type of deed you should use depends on the type of transaction and your desired level of protection. Generally, a quitclaim deed is ideal for situations involving only transfer of ownership between parties that explicitly trust one another and have no doubts about the title of the property.

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.

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.

After executing the quitclaim deed, you should record the document in the county where the property is located. Each county has its recording office where you must place all documents to be recorded.

An Affidavit of Affixture changes the status of a manufactured/mobile home from personal property to real property. In order to affix a manufactured/mobile home an Affidavit of Affixture must be filed in the county where the manufactured/mobile home is located. Department of Revenue Form 82528.

To create a beneficiary deed in Arizona, the deed must include the legal description of the property, the name of the beneficiary, and your signature. The deed must also be notarized and recorded in the county where the property is located. If these steps are not followed, the deed may not be legally valid.

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.

Stephen Richer is the 30th Recorder of Maricopa County. He was elected in November 2020 and took office January 2021. Prior to his election as Recorder, Stephen worked as a lawyer and business person.

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Chattel Mortgage Form With Balloon In Maricopa