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.
Glendale Arizona Real Estate Market | Buyer's Request for Accounting from Seller under Contract for Deed When entering into a contract for deed in Glendale, Arizona, buyers have the right to request an accounting from the seller. This request is typically made to ensure transparency and clarity in financial matters related to the property transaction. The buyer's request for accounting from the seller under a contract for deed can be categorized into two main types — Standard and Detailed. 1. Standard Buyer's Request for Accounting from Seller under Contract for Deed: The standard accounting request is a comprehensive yet straightforward document that seeks information concerning the financial aspects of the property transaction. It typically includes details such as the total sales price, down payment made by the buyer, and any subsequent payments made towards the purchase price. Moreover, this type of request also covers the interest rate, repayment schedule, and any accrued interest. The purpose of this request is to ensure that the seller provides an overview of the financial obligations and payments made under the contract for deed. 2. Detailed Buyer's Request for Accounting from Seller under Contract for Deed: The detailed accounting request is a more comprehensive document, delving deeper into the financial intricacies of the contract for deed. In addition to the information outlined in the standard request, the detailed request may also seek specifics related to the allocation of payments, any applicable taxes, insurance costs, and relevant fee breakdowns. This type of request aids the buyer in gaining a more thorough understanding of the financial obligations associated with the contract for deed. It helps the buyer analyze the financial viability of the agreement and ensure compliance with the terms. In both cases, buyers must ensure that their request for accounting is made in writing and includes specific details aligned with their concerns or queries. The request should be sent to the seller via certified mail or another trackable means to ensure proof of delivery. Additionally, it is advisable for buyers to consult with a real estate attorney or legal expert to review the contract for deed and provide guidance throughout the accounting request process. By requesting an accounting from the seller under a contract for deed in Glendale, Arizona, buyers can protect their interests, verify payment transactions, and gain a better understanding of their financial obligations. It is an essential step to ensure transparency and maintain a smooth real estate transaction.Glendale Arizona Real Estate Market | Buyer's Request for Accounting from Seller under Contract for Deed When entering into a contract for deed in Glendale, Arizona, buyers have the right to request an accounting from the seller. This request is typically made to ensure transparency and clarity in financial matters related to the property transaction. The buyer's request for accounting from the seller under a contract for deed can be categorized into two main types — Standard and Detailed. 1. Standard Buyer's Request for Accounting from Seller under Contract for Deed: The standard accounting request is a comprehensive yet straightforward document that seeks information concerning the financial aspects of the property transaction. It typically includes details such as the total sales price, down payment made by the buyer, and any subsequent payments made towards the purchase price. Moreover, this type of request also covers the interest rate, repayment schedule, and any accrued interest. The purpose of this request is to ensure that the seller provides an overview of the financial obligations and payments made under the contract for deed. 2. Detailed Buyer's Request for Accounting from Seller under Contract for Deed: The detailed accounting request is a more comprehensive document, delving deeper into the financial intricacies of the contract for deed. In addition to the information outlined in the standard request, the detailed request may also seek specifics related to the allocation of payments, any applicable taxes, insurance costs, and relevant fee breakdowns. This type of request aids the buyer in gaining a more thorough understanding of the financial obligations associated with the contract for deed. It helps the buyer analyze the financial viability of the agreement and ensure compliance with the terms. In both cases, buyers must ensure that their request for accounting is made in writing and includes specific details aligned with their concerns or queries. The request should be sent to the seller via certified mail or another trackable means to ensure proof of delivery. Additionally, it is advisable for buyers to consult with a real estate attorney or legal expert to review the contract for deed and provide guidance throughout the accounting request process. By requesting an accounting from the seller under a contract for deed in Glendale, Arizona, buyers can protect their interests, verify payment transactions, and gain a better understanding of their financial obligations. It is an essential step to ensure transparency and maintain a smooth real estate transaction.
