What Is Chattel?

www.zrealestate.net – in this video Z Real Estate discusses What is Chattel? Do you know? Chattel is personal property, as opposed to REAL property, generally considered REAL ESTATE. Chattel, while not a common name, is an actually quite common occurrence in the sale of real property. When chattel is sold, it is done via a “bill of sale,” as opposed to a grant deed, as is the case in real estate. Also, while real estate affords the option of obtaining a mortgage, with chattel, believe it or not, the same is also possible, and this is called CM, or chattel mortgage.

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Post by Jonathan Zuckerman

Jonathan has written 240 articles.

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