Personal Property [Archive] - Real Estate Insider Forum
 
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David
10-19-2005, 08:23 PM
Opposite of real property.

Cars, lights before being affixed to a house (wired in), clothing, everything that isn't real property.

Personal property is tranferred through a bill of sale.

Chattel is another word for personal property. A chattel mortgage is a mortgage (loan) to buy personal property.