Vermont Chattel Mortgage on Mobile Home
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How to fill out Chattel Mortgage On Mobile Home?
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FAQ
A real estate license is required only if the transaction involves the sale or lease of real property. The sale of manufactured homes without land attached requires a license from the Arizona Department of Real Estate or the Arizona Department of Housing.
A chattel mortgage is a type of loan that is secured by a movable piece of property. In contrast, a traditional mortgage is typically secured by a fixed property.
Certificate of Title. Bill of Sale and Odometer Disclosure (form VT-005) Lien Release, if applicable (form VT-08)
Answer: While the sale of a manufactured home (no real estate) requires a separate license from the Texas Department of Housing and Community Affairs (TDHCA), under a TDHCA exemption a TREC license holder can sell one manufactured home during a 12-month period without a TDHCA license (see Tex. Occ. Code 1201.003(24)).
Vermont statute requires that this Mobile Home Uniform Bill of Sale be signed by each Buyer and Seller, endorsed by the Town Clerk of the Town where the Mobile Home is located at the time of sale, and filed by Buyer with the Town Clerk of the Town where the Mobile Home will be located after the sale.
The State of Vermont does not regulate the installation and set up of manufactured or mobile homes. However, it is still important to check with your town officials for any local requirements.
