This is a Purchaser's Request of Accounting Statement from Seller. It is a request in writing to receive an accounting of the payments paid since the contract was made and a breakdown of any interest, fees, costs, taxes and insurance paid. It is also a request for the balance due on the contract.
Anchorage Alaska Buyer's Request for Accounting from Seller under Contract for Deed
State:
Alaska
City:
Anchorage
Control #:
AK-00470-13
Format:
Word;
Rich Text
Instant download
Description
How to fill out Anchorage Alaska Buyer's Request For Accounting From Seller Under Contract For Deed?
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FAQ
A contract for deed is an agreement between a property owner and potential buyer in which the owner agrees to deliver a deed to the purchaser after certain conditions have been met.
A Contract for Deed is a way to buy a house that doesn't involve a bank. The seller finances the property for the buyer. The buyer moves in when the contract is signed. The buyer pays the seller monthly payments that go towards payment for the home.
A Deed of Sale is a contract where the seller delivers property to the buyer and the buyer pays the purchase price. The Deed of Sale results in ownership over the property being transferred to the buyer upon its delivery.
In addition, it must specify that the buyer will shoulder several taxes associated with the sale such as the Transfer Tax and Documentary stamp tax. The seller, meanwhile, will be the one responsible for the capital gains tax.
If you fall behind on payments, the contract can be terminated and you will lose whatever equity was previously built. Furthermore, if the seller has a mortgage and defaults on their payments, you may lose the property even though your own payments to the seller are current.
Notary Fee. This refers to the negotiable cost that the buyer has to pay to have the Deed of Absolute Sale notarized, which usually hovers around 1-2% of the property value.
The rate for the deed of sale of a property is 1.5% of the selling price, fair market value, or zonal value, whichever is higher.
A Deed of Sale is a contract where the seller delivers property to the buyer and the buyer pays the purchase price. The Deed of Sale results in ownership over the property being transferred to the buyer upon its delivery.
As a legal instrument or document evidencing a sale, the Deed of Absolute Sale should be also notarized, which requires a fee of about 1% to 1.5% of the property's selling price, but no lower than Php1,000.
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