Real Estate Deposit Receipt Template: Fill & Download for Free

There are different type of receipt templates:Bill ReceiptsBlank receiptsCash ReceiptsConstruction receiptsDeposit receiptsHotel ReceiptsIT and software receiptsReal Estate receiptsRestaurant receiptsSales receiptsSample receiptsSimple receipts

Sample Gift Letter for Mortgage in NYCIf you’re borrowing money from parents for your home purchase down payment, lenders will want to see a gift letter for mortgage approval in NYC.Many first time home buyers in NYC need a little help with their down payment. Often times parents or other family members will be able to step in to save the day. It’s important to keep in mind that banks today will want to see typically 2 or 3 months of statement history for your bank accounts. If your gift was received more than 2 or 3 months ago, then you will likely not need a gift letter. However, if the gift was recently received or if it is still in your parents’ account, then you’ll need a gift letter for mortgage to verify that the gift is bona fide and comes with no strings attached.Even if you’re purchasing a property all cash without a mortgage, a seller or co-op board may want to see a gift letter to explain your source of funds. This is less common when buying a condo in NYC, but should be expected if you’re buying a co-op in NYC. The co-op board will be reviewing all of your finances during the purchase application process and will want a gift letter if you’re receiving help from family members, even if you don’t plan on getting a mortgage.Check out a sample gift letter for mortgage in its original formatting here: What does a sample gift letter for mortgage look like in NYC?Sample Gift Letter for MortgageFeel free to write something more personal and informal if the gift letter is only for a co-op board or seller who wants to verify the gift. Please see below for a sample gift letter for mortgage for a New York City real estate transaction.123 Willowby RoadNew York, NY 10012August 12th, 2015Dear Sir or Madam,We, Michael Dudley and Laura Dudley intend to make a gift of $500,000 to Chester Dudley, our son, to be applied toward the purchase of the property located at 123 Manhattan Avenue, New York, NY 10025.There is no repayment expected or implied in the gift, either in the form of cash or by future services, and no lien will be filed by us against the property.The source of this gift is Cherokee Bank.Signatures of DonorsMichael DudleyLaura DudleyTelephone number: 212-215-8484Sample Gift Letter for Mortgage - Bank TemplateIf the gift letter is for your mortgage lender, they’ll typically want to see something more formal on a standardized form like the one we’ve included below.Gift LetterEach section of the Gift Letter must be fully completed including dates and signatures of donor and recipient (borrower). Read this form carefully and be prepared to follow these instructions exactly.I. General InformationI, [Donor(s)] of [Donor’s Mailing Address] [Donor’s phone] will give (or have given) a gift of $[Amount] to [Recipient (borrower)] my [Relationship – if not a relative, state clearly defined interest in borrower] in time to close the mortgage transaction on the purchase of the property located at [Address]II. Location of FundsThe location of funds must be indicated unless the donor is an immediate family member providing equity credit on the property being sold.If funds are verified on deposit as of the date of application, the funds are in the borrower’s account at: [Borrower’s Account Information: Depository name, address and account number]ORIf funds are given after application, the funds are in the donor’s account at: [Donor’s Account Information: Depository name, address and account number]III. Donor/Recipient CertificationThis is a bona-fide gift, and there is no obligation, expressed or implied either in the form of cash or future services, to repay this sum at this time. The funds given to the homebuyer were not made available to the donor from any person or entity with an interest in the sale of the property including the seller, real estate agent or broker, builder, loan officer, or any entity associated with them.WARNING: Section 1010 of Title 18, U.S.C. Department of Housing and Urban Development Transactions provides, “Whoever, for the purpose of … influencing in any way the action of such Department… makes, passes, utters, or publishes any statement, knowing the same to be false… shall be fined not more than $5,000 or imprisoned not more than two years, or both.”Donor Signature | DateRecipient Signature | DateIV. DocumentationDocumentation verifying availability, transfer, and receipt may be required. Review the Lenders Commitment Letter for any specific required documentation.Please Return to: [Address]Disclosure: Hauseit and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

It's a good question and one very pertinent to today considering that is the game plan of what “they” want to see happen. And what I mean by they of course are the financial powers that be and political actors that want to see a global “one world government” coupled with the elimination of all physical paper currency AND have all commodities / property digitized. By digitized we are talking about everything represented by a digital coin of some kind. If you are really interested to know what they are up to and the “game plan”, Ms. Lynette Zang has an excellent video on the topic here: https://www.youtube.com/watch?v=SYPsygSHnAsBut getting back to your specific question, it is first important to understand the concept or idea of “custody” and a kind of receipt that represents what you have on deposit, which you can transfer (endorse over to someone else) and or simply give to another person in trade if it is a “bearer” instrument (whomever has it in their hands owns it, thus the property of the bearer). It is interesting to note that paper currency got started this way, but I am jumping ahead.It used to be the case that money was gold and silver, in both coinage form and of course larger bars. But gold is quite heavy, even a one ounce gold coin does weigh quite a bit (so imagine having 10 of them in your pocket). So, the eventual solution was to deposit that gold with a bank, warehouse or other kind of “custodian” for safe keeping. The bank or “custodian” would issue you a receipt for the gold and if you went to buy something you could give that paper receipt to the seller, instructing them to go to the bank (or warehouse, etc.) to retrieve the gold if they wanted. Sometimes such a receipt was a kind of check that you could endorse or sign over to someone else and sometimes it was a “bearer” instrument that required no signature (whomever had the physical receipt had the right to claim the gold at the bank, warehouse, where ever). Eventually people gained enough confidence that the gold was there and that it was not necessary to go to the bank, warehouse or depository to retrieve it. Instead, everyone simple accepted the “receipt” as payment alone or as being sufficient and passed it on from one to another without anyone bothering to take out the physical gold. And this is actually how the use of modern paper currency came into existence with the national currencies replacing the “receipt” (and there was a time you could go to the central bank and exchange your paper currency for the stated equivalent in gold but that is no more, which is why they say we have a fiat currency system today, meaning currency backed by or redeemable for nothing).However, once the banks (and any other warehouse, depository or custodian) realized depositors were not coming in every day to take out the gold, they got the idea that they really didn't need to keep all that gold on deposit as they only needed to keep a small portion on hand to cover any meager daily withdrawals being requested. So, they figured that they could do other things with the depositors gold to make more money, such as lease it or loan it out for a fee. The problem of course if if you loan something to someone else, you run the risk of not getting it back, and even worse when the gold was not yours to begin with (it belonged to your depositor who gave it to you for safe keeping, not to go loaning it out to someone else).So, getting to the answer to your actual question: How do you take a commodity, such as gold, silver, copper, wheat, sugar, whatever and issue some kind of receipt for it? You do just as I mentioned above. You deposit it into a bank, warehouse, depository of some kind for safe keeping or for “warehousing” and you issue a receipt to the owner for it. Obviously in the past, this was done by use of a paper receipt. Today, with computers and “digitization” that receipt can be in digital form of what we have come to know as “digital coins” that have come into vogue presently. Understand that there is not much new under the sun or otherwise said “digitization” of a commodity is simply a way to do the same thing done before albeit in an electronic or digital format instead of a paper.Is this really a good idea? The honest answer to that question is: Do you trust the bank, warehouse or depository? There have already been a number of scandals over the years but one noteworthy one involved the New York Federal Reserve Bank which acts as a custodian warehousing gold in it's vaults for other nations. The German government decided a few years back to do a world wide audit of all it's gold holdings and they went to the NY Fed asking to physically see and audit it's gold holdings that the US Fed was holding for them. The first request was denied as the NY Fed told the Germans there were “re-modeling” or undergoing “maintenance”. The second request shortly after was denied with the same excuse. The Germans then became very suspicious and demanded ALL their gold back immediately. That's when the truth came out. The NY Federal Reserve Bank didn't have it, the loaned it out or whatever the heck they did with it. The real kicker was they then told the Germans they would have to wait 7 years before they could get their own gold back, which they eventually did. The moral of the story is, if you can't even trust the NY Federal Reserve Bank, then who can you trust?Now, the real interesting thing is that IMF (International Monetary Fund) issued a report about this back around 1997 or so. So this idea has been on the drawing board for some time. The elimination of all physical paper national currencies is just the first step (and you will notice there has been quite a number of news stories and actual “experiments” with entire cities going “cash less” to see how it goes). But the long game is to eliminate ALL sovereign national currencies and issue a global currency for use world wide. That's what they want to do and why private crypto-currencies have been allowed to flourish and trade in order to “get the bugs out”. But the real long term plan are national or sovereign “cryto currency” to replace US Dollars, Yen, Euros and so on. Once there are national sovereign “crypto's” they would be merged into one global currency. The IMF's SDR has been suggested as such a global currency to be used for this purpose.You are probably wondering what does that have to do with your original question? Well, the currency issue is the first phase and the later phase would be to “digitize” everything else. All commodities, real estate, cars, everything and anything anyone can possibly own. Commodities are easy enough with the custodian or warehouse concept I already mentioned but what about things YOU are supposed to own directly with a title, such as a house or your car? To understand that we can use the Wall Street depository known as the Depository Trust Company or simple “DTC”.When you open a brokerage account account and you buy 100 shares of Microsoft stock, you get a statement from the brokerage firm indicating 100 shares in your account. But, you don't own it or at least are not recorded or registered as the owner. Rather, that stock in on deposit with DTC registered in the name of CEDE & Co, which is the corporate name of DTC. To explain further, every brokerage firm has an account with DTC and ALL their clients stocks are on deposit there. When a brokerage firm client buys or sells, no physical stock certificate are moved around from one broker to another but rather are transferred digitally or electronically from one brokerage firm's account at DTC to another. It sounds quite convenient, fast and effective. And it is. But, here's the problem. Microsoft has NO idea you are a shareholder of theirs. Instead, they know that DTC or more correctly CEDE & Co. is the registered owner of 20 Million share (or whatever amount) of Microsoft stock. Not necessarily a problem if everyone is honest and keeps very accurate and correct sub-accounting records.So, how then would they digitize homes, cars and so on? Well, same idea. ALL houses would be titled to and registered to a bank or custodian that would in theory issue a digital coin to you the respective and supposed real owner. You would never get actual title to your house (or car) but instead a “digital coin” coupled with “block chain” accounting. However, if you want to know what could possibly go wrong with a system like this, I would suggest you investigate what they have already done in the US regarding the MERS system or Mortgage Electronic Registration Systems. This was set up to more easily facilitate mortgage ownership and it was just one part of the entire mess coming out of the 2008 financial crisis. https://en.wikipedia.org/wiki/Mortgage_Electronic_Registration_SystemsIs this all conspiracy quackery? Well, keep in mind that the IMF has already tasked China with creating a protocol and template for such a system both digitizing commodities and real estate. The first one was done in China involving tea, and just as explained earlier, the tea was put into a warehouse with digital coins issued to represent ownership. The next experiment done was with a residential housing project in Texas. The “front” company for this was a company out of Singapore but again the Chinese were behind it, and interestingly enough US citizens were not permitted or eligible to buy in this particular real estate housing project even though it was located inside the US.In summary, can you digitize commodities, real estate and just about any other kind of physical property? The answer is YES. Should it be done? Is it something you think is a good idea and would support? That question only you can answer. But, keep in mind that the sales pitch is to make everything easier, faster to transfer, supposedly safer through block chain and so on. In addition, the claim is this will eliminate money laundering, criminal activity, etc. The real reason this is being done is for control. IF everything is digital and citizens own nothing directly in their own name, taxation certainly becomes much easier and controlled but also abuse by the government (and maybe other entities if the custodian is a private bank or supra national central bank like the BIS for example). In China they have implemented a “social score” to determine if someone is a good citizen or not (read obey the government in all things, not criticize, etc.). If you don't have a “good” score, you can be denied work, housing, social welfare benefits and whatever else the government decides to with hold from you. A news reporter in China has already been denied housing because of his “social credit score”http://www.businessinsider.com/china-social-credit-system-things-you-can-do-wrong-and-punishments-2018-4https://www.cnet.com/news/black-mirror-too-real-in-china-as-schools-shun-parents-with-bad-social-credit/And so, the point is, if some other entity “owns” everything and all you have is a digital token, how hard would it really be to shut you out of your own property? How hard would it be to take your gold, silver, or anything else you might own personally or for business (if you are a tea trader, for example)? What if they said you owed taxes and you think they were incorrect? How hard would it be to take your assets or possessions away first with you having to prove your innocence to get it back?Obviously all this goes above and beyond your original question, but I think it is important to understand all of the ramifications about doing something. Technology is and can be a wonderful thing enabling freedom of mankind & enlightenment. However, it can also be used to enslave.If you want to read other articles by this author, the latest one is here below (with links to additional recent articles as well): http://www.ascotadvisory.com/2018/ICO/