Chattel Mortgage Form With Mortgage In Tarrant

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

Description

The Chattel Mortgage Form with Mortgage in Tarrant is a legal document designed for mortgaging personal property, specifically mobile homes, as collateral against a loan. This form outlines the agreement between the mortgagor (borrower) and the mortgagee (lender), detailing the amount owed, the interest rate, and the payment schedule. Key features include the description of the collateral, provisions for insurance, and restrictions on the sale or disposal of the collateral without consent. Users must fill in specific information such as the names of the parties, the collateral's address, and detailed financial terms. The form is particularly useful for attorneys, paralegals, and legal assistants who require a clear structure for drafting financing agreements. It serves partners and owners by securing loans against their mobile homes, thereby providing a path to financing while protecting lenders' interests. The form also lays out the rights of the mortgagee in case of default and includes provisions for legal compliance. Utilizing this document can streamline the process of securing loans with personal property, ensuring legal protection for all parties involved.
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FAQ

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

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.

A form of security interest, typically a legal mortgage, taken over tangible movable property (known as chattels).

Can I record a document at one of the Tarrant County Subcourthouses? No, land documents are recorded at 100 W. Weatherford St. Room B20 Fort Worth, TX 76196.

In Texas, you record your deed with the County Clerk in the county where the property exists. If the property is in more than one county, record it in each. It is important to record your deed. In Texas, the property is legally transferred when the grantee accepts the signed deed.

If you require assistance in accessing the information, please contact Christie Reyenga at 817-884-2198. The hours of operation are Monday - Friday a.m. - 5 p.m. For more information on obtaining copies of documents filed with the County Clerk's office , please call 817-884-1770 during regular business hours.

The Tarrant County Family Courts are in the Tarrant County Family Law Center at 200 East Weatherford Street, Fort Worth, Texas 76196. For parking, look at the parking information provided on the county website. Hours of Operation: Monday–Friday, 8 a.m. to 5 p.m.

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Chattel Mortgage Form With Mortgage In Tarrant