Chattel Mortgage Form Formal Contract In Riverside

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

Description

The Chattel Mortgage Form Formal Contract in Riverside serves as a legally binding agreement between a mortgagor and a mortgagee for the purpose of securing a loan using personal property, specifically a mobile home, as collateral. This document outlines essential details such as the identities of both parties, descriptions of the collateral, and the terms of repayment, including payment amounts, interest rates, and due dates. Users are guided to fill in specific fields, including their names, addresses, and loan amounts, ensuring all information is accurate and comprehensive. The form also highlights the responsibilities of the mortgagor, including maintaining insurance on the collateral and adhering to the agreed payment schedule. Additionally, it stipulates that the mortgagee retains rights to the collateral should the mortgagor default on the terms of the agreement. This form is particularly useful for attorneys, partners, and legal assistants who facilitate transactions involving personal property financing, as it provides a clear structure that adheres to state laws. Paralegals and associates may also benefit by utilizing this standardized document to expedite the legal process in chattel mortgage arrangements.
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FAQ

A chattel mortgage must adhere to a prescribed form and execution process: It must be signed by the mortgagor in the presence of two witnesses. An affidavit affirming the mortgage's purpose and validity must be included and signed by the parties involved. The affidavit must be certified by an authorized officer.

The traditional mortgage is only for stationary property. It's suited for long-term real estate investments. Chattel loans are for property that can be easily moved. They're also an option for borrowers who want their loans approved faster and with shorter repayment times.

Recorder Offices County Administrative Center. 4080 Lemon St, 1st floor / PO Box 751, Riverside, California 92501 / 92502-0751. Gateway Office. 2724 Gateway Dr, Riverside, California 92507. Hemet Office. Palm Desert Office. Temecula Office. Blythe Office.

Peter Aldana was elected the Assessor-County Clerk-Recorder for Riverside County in June of 2014. Peter has been with the Riverside County ACR office for over 30 years in a variety of appraisal, supervisory, and management positions.

If you have a touch-tone telephone and know the parcel number of the property, you may call the Treasurer-Tax Collector's automated 24-hour information line at (951) 955-3900 to obtain a duplicate bill.

Please allow 6-8 weeks to receive your original recorded document back in the mail. Documents are not processed on weekends or on official Riverside County holidays. The County of Riverside is not responsible for the delivery of mail by the United States Post Office or any other delivery service.

Property ownership, parcel maps, and other property information is available for viewing on computers and microfiche. The information is available in the public area of the Assessor's office during normal business hours.

Basic Recording Requirements Return Address (GC 27361.6) ... Name(s) of Person(s) Requesting Recording (GC 27361.6) ... Legibility/Photographability (GC 27361.7) ... English Language Translation (GC 27293; AG OPINION 82 – 1209; CC 2923.3) ... Title of Document (GC 27324) ... Names of Party(ies) to be Indexed (GC 27280.5)

Peter Aldana. Get to know Peter Aldana, the Assessor-County Clerk-Recorder for the County of Riverside.

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Chattel Mortgage Form Formal Contract In Riverside