This form is a generic sample of a receipt for an installment payment for an owner financed real estate sale/purchase.
A New York Receipt for Payment Made on Real Estate Promissory Note is a document that acknowledges the receipt of payment towards a promissory note associated with a real estate transaction in the state of New York. This receipt serves as evidence of the payment made by the borrower to the lender under the terms of the promissory note. In New York, there are various types of receipts for payment made on real estate promissory notes. Some commonly used ones include: 1. Simple Receipt for Payment Made on Real Estate Promissory Note: This type of receipt is a straightforward acknowledgement of payment received by the lender on a real estate promissory note. It typically includes details such as the date of payment, the amount paid, the borrower's name, and the lender's name. 2. Detailed Receipt for Payment Made on Real Estate Promissory Note: This type of receipt provides more comprehensive information compared to a simple receipt. It may include additional details such as the property address, the terms of the promissory note, the interest rate, the maturity date, and any applicable late fees or penalties. 3. Receipt for Partial Payment Made on Real Estate Promissory Note: In case the borrower makes a partial payment towards the real estate promissory note, a receipt acknowledging the partial payment is issued. This receipt specifies the amount paid and updates the remaining balance owed on the promissory note. 4. Receipt for Final Payment Made on Real Estate Promissory Note: When the borrower fully pays off the entire balance of the promissory note, a receipt for the final payment is provided. This receipt confirms the complete settlement of the debt and signifies the conclusion of the real estate transaction. It is important to note that the specifics of a New York Receipt for Payment Made on Real Estate Promissory Note may vary depending on the individual parties involved and the terms outlined in the promissory note. As each transaction is unique, it is recommended to consult legal professionals or experts in real estate law to ensure the accuracy and compliance of the receipt.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
