Chattel Mortgage Form With Two Points In Nassau

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

Description

The Chattel Mortgage form is a legal document that secures a loan with personal property, specifically a mobile home, as collateral. This form is designed for use in Nassau and includes detailed sections for identifying the mortgagor (borrower) and mortgagee (lender). Key features of the form include provisions for loan amount, interest rates, repayment schedules, and mortgagor obligations regarding the collateral. Users must accurately fill in details such as addresses, amounts, and dates. It is essential for parties to sign and have the document notarized to enforce its validity. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants dealing with financial transactions involving personal property as security. The form ensures that the lender retains rights over the mobile home until the debt is paid in full, providing a legal framework for protecting the lender's interests. Additionally, it establishes clear terms and conditions that govern the mortgagor's use and management of the collateral.
Free preview
  • Preview Chattel Mortgage on Mobile Home
  • Preview Chattel Mortgage on Mobile Home
  • Preview Chattel Mortgage on Mobile Home

Form popularity

FAQ

There are many advantages to investing in Bahamas real estate, and we'll talk about some of them in this article. Favorable Rental Laws. Luxurious Environment. Wildlife. Tax Haven. Accessibility. Bahamas Real Estate and Why You Should Invest.

Current interest rates Type of loanAverage ratesTypical minimum credit score FHA 6.45% 500 Fannie Mae Varies 620 Freddie Mac Varies 620 Chattel Starting at 8% 5751 more row •

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.

Special additional tax of 25 cents per $100 of mortgage debt or obligation secured.

Mortgage Tax is equal to 1.05% of the total mortgage amount (minus a $30.00 deduction if applicable) which consists of the following: Basic Mortgage Tax is . 50% of mortgage amount. SONYMA (State of New York Mortgage Authority) aka Additional Tax is .

NYS Mortgage Tax Rates CountyTax RateZone Nassau 1.05% 2 New York 2 Niagara 1.00% 1 Oneida 1.00% 158 more rows

Mortgage Tax is equal to 1.05% of the total mortgage amount (minus a $30.00 deduction if applicable) which consists of the following: Basic Mortgage Tax is . 50% of mortgage amount. SONYMA (State of New York Mortgage Authority) aka Additional Tax is . 30% of the mortgage amount. MTA Special Assistance Taxis .

Taxable Assessed Value Thus, Nassau County determines the assessed value of each property using Computer Assisted Mass Assessment (CAMA) software that compares multiple variables, like location, square footage, condition, recent sales, etc. The Department of Assessment calls its CAMA software 'Prognose.

NYS Mortgage Tax Rates CountyTax RateZone Nassau 1.05% 2 New York 2 Niagara 1.00% 1 Oneida 1.00% 158 more rows

Trusted and secure by over 3 million people of the world’s leading companies

Chattel Mortgage Form With Two Points In Nassau