Speaking of morgages...
What was a chattel mortgage? I thought I read somewhere that it was equivalent to today’s bankruptcy filing... anyone know anything about it?
Answers
-
You might want to check out a couple of links from these ladies that often present in Family History Conferences.
https://lisalouisecooke.com/2019/10/04/using-land-records-genealogy/
Judy Russell, the Legal Genealogist, has a good post about chattel deeds: https://www.legalgenealogist.com/2013/04/17/an-iou-with-teeth/
0 -
A chattel mortgage is a mortgage on a movable item of property.
0 -
Ty for your response @Ben Bailey so I’m assuming in the 1930’s that might have been farm equipment? ... I wonder if they could’ve mortgaged their farm animals and live stock? Anyone know if I would be able to find chattel mortgage info in probate records? Or would that be somewhere completely different?
0