Putnam County Memorandum of Contract for Deed Form (New York)
All Putnam County specific forms and documents listed below are included in your immediate download package:
Memorandum of Contract for Deed Form
Fill in the blank Memorandum of Contract for Deed form formatted to comply with all New York recording and content requirements.
Included Putnam County compliant document last validated/updated 5/30/2024
Memorandum of Contract for Deed Guide
Line by line guide explaining every blank on the Memorandum of Contract for Deed form.
Included Putnam County compliant document last validated/updated 5/30/2024
Completed Example of the Memorandum of Contract for Deed Document
Example of a properly completed New York Memorandum of Contract for Deed document for reference.
Included Putnam County compliant document last validated/updated 5/30/2024
The following New York and Putnam County supplemental forms are included as a courtesy with your order:
When using these Memorandum of Contract for Deed forms, the subject real estate must be physically located in Putnam County. The executed documents should then be recorded in the following office:
Putnam County Clerk - County Office Building
40 Gleneida Ave, Rm 100, Carmel, New York 10512
Hours: Monday - Friday 9am to 5pm / Summer (mid June - mid Sept) 8am to 4pm
Phone: (845) 808-1142 Ext 2
Local jurisdictions located in Putnam County include:
- Brewster
- Carmel
- Cold Spring
- Garrison
- Lake Peekskill
- Mahopac
- Mahopac Falls
- Patterson
- Putnam Valley
How long does it take to get my forms?
Forms are available immediately after submitting payment.
How do I get my forms, are they emailed?
Immediately after you submit payment, the Putnam County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.
What does "validated/updated" mean?
This indicates the most recent date when at least one of the following occurred:
- Updated: The document was updated or changed to remain compliant.
- Validated: The document was examined by an attorney or staff, or it was successfully recorded in Putnam County using our eRecording service.
Are these forms guaranteed to be recordable in Putnam County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Putnam County including margin requirements, content requirements, font and font size requirements.
Can the Memorandum of Contract for Deed forms be re-used?
Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Putnam County that you need to transfer you would only need to order our forms once for all of your properties in Putnam County.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by New York or Putnam County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
What type of files are the forms?
All of our Putnam County Memorandum of Contract for Deed forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Do I need any special software to use these forms?
You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Do I have to enter all of my property information online?
No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Are there any recurring fees involved?
No. Nothing to cancel, no memberships, no recurring fees.
Uses of a Memorandum of Contract for Deed
1. Providing Public Notice:
Recording Interests: The primary purpose of a Memorandum of Contract for Deed is to provide public notice of the buyer’s equitable interest in the property without disclosing the full terms of the contract. Recording this memorandum with the county clerk where the property is located can help protect the buyer’s interest against future claims or encumbrances. A contract for deed, also known as an installment sale agreement, is a real estate transaction where the seller retains legal title to the property until the buyer completes payment of the purchase price.
2. Protecting Buyer’s Interest:
Priority of Claims: By recording the memorandum, the buyer establishes a public record of their interest in the property. This can help prioritize the buyer’s interest over subsequent purchasers or creditors who might try to claim an interest in the property. For instance, if a buyer is making substantial renovations to the property, recording a memorandum ensures that their interest is recognized and protected, even if the seller encounters financial difficulties or other legal issues
3. Simplifying Future Transactions:
Facilitating Title Searches: When a memorandum is recorded, it shows up in title searches, which can simplify future transactions by making it clear that a contract for deed exists. This is particularly important if the buyer plans to sell or refinance the property before the contract for deed is fully executed.
4. Legal and Financial Considerations:
Ensuring Enforceability: Recording a memorandum can enhance the enforceability of the contract by ensuring that there is a documented and publicly accessible record of the buyer’s interest. Lender Requirements: Some lenders may require a memorandum of contract for deed to be recorded as part of their underwriting process. This can be important if either party needs financing based on their interest in the property.
5. Dispute Prevention:
Avoiding Future Disputes: By clearly documenting and recording the existence of the contract for deed, both parties can avoid potential disputes related to the buyer’s interest in the property. This clarity can be crucial in preventing legal conflicts down the line.
Situations When a Memorandum is Specifically Advised:
Long-Term Contracts for Deed: When the contract for deed has a long duration, it is especially important to record a memorandum to protect the buyer’s interest over time.
In cases where the transaction involves multiple parties or complex terms, a memorandum helps clarify the buyer’s interest and can simplify the resolution of any issues that might arise.
File the notarized memorandum with the county clerk’s office where the property is located. Pay any applicable recording fees.
In conclusion, recording a memorandum of contract for deed is a crucial step in protecting the buyer’s interest in the property. It provides public notice, helps prevent disputes, and ensures enforceability. By following the outlined steps, buyers can safeguard their investments and facilitate smoother future transactions.
Our Promise
The documents you receive here will meet, or exceed, the Putnam County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Save Time and Money
Get your Putnam County Memorandum of Contract for Deed form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.
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October 9th, 2020
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January 26th, 2022
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December 21st, 2022
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A. S.
February 27th, 2019
First, I am glad that you gave a blank copy, an example copy, and a 'guide'. It made it much easier to do. Overall I was very happy with your products and organization... however, things got pretty confusing and I have a pretty 'serious' law background in Real Estate and Civil law. With that said, I spent about 10+ hours getting my work done, using the Deed of Trust and Promissory note from you and there were a few problems: First, it would be FANTASTIC if you actually aligned your guide to actually match the Deed or Promissory Note. What I mean is that if the Deed says 'section (E)' then your guide shouldn't be 'randomly' numbered as 1,2,3, for advice/instructions, but should EXACTLY match 'section (E)'. Some places you have to 'hunt' for what you are looking for, and if you did it based on my suggestion, you wouldn't need to 'hunt' and it would avoid confusion. 2nd: This one really 'hurt'... you had something called the 'Deed of Trust Master Form' yet you had basically no information on what it was or how to use it. The only information you had was a small section at the top of the 'Short Form Deed of Trust Guide'. Holy Cow, was that 'section' super confusing. I still don't know if I did it correctly, but your guide says only put a return address on it and leave the rest of the 16 or so page Deed of Trust beneath it blank... and then include your 'Deed of Trust' (I had to assume the short form deed that I had just created) as part of it. I had to assume that I had to print off the entire 17 page or so title page and blank deed. I also had to assume that the promissory note was supposed to be EXHIBIT A or B on the Short Form Deed. It would be great if someone would take a serious look at that short section in your 'Short Form Deed of Trust Guide' and realize that those of us using your products are seriously turning this into a county clerk to file and that most of us, probably already have a property that has an existing Deed... or at least can find one in the county records if necessary... and make sure that you make a distinction between the Deed for the property that already exists, versus the Deed of Trust and Promissory note that we are trying to file. Thanks.
Thank you for your feedback. We'll have staff review the document for clarity. Have a great day!