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.
A Phoenix Arizona Buyer's Request for Accounting from Seller under Contract for Deed is a specific document or communication that a buyer sends to the seller when purchasing a property through a contract for deed agreement. This request is made in order to obtain a detailed and accurate account of the financial transactions and related matters pertaining to the property. The purpose of this request is to ensure transparency and to verify that all payments made by the buyer have been properly credited towards the purchase of the property. It allows the buyer to review and confirm that the seller has adhered to the terms and conditions outlined in the contract for deed. The buyer's request for accounting typically includes specific details and information that need to be addressed by the seller. These can include but are not limited to: 1. Payment history: The buyer may request a comprehensive breakdown of all payments made by them, including the principal amount, interest, late fees, and any other related charges. 2. Statement of account: The buyer may ask for a statement that clearly outlines the current balance remaining on the contract for deed, including any outstanding payments or obligations. 3. Escrow details: If there is an escrow account established for the property, the buyer might request a statement detailing the amount held in escrow, the purpose of the funds, any disbursements made, and any interest accrued. 4. Property taxes: The buyer may ask for information regarding property tax payments, such as proof of payment or confirmation that the taxes have been satisfied. 5. Insurance documentation: If the buyer is required to maintain insurance coverage on the property, they may request proof of insurance, including policy details and premium payment history. 6. Transaction costs: The buyer might inquire about any fees or costs associated with the contract for deed, such as closing costs or recording fees, to ensure that they have been properly accounted for. It is important to note that different types of Phoenix Arizona Buyer's Requests for Accounting from Seller under Contract for Deed may vary in terms of specific information requested or additional requirements. However, the overarching purpose remains the same — to obtain an accurate and comprehensive account of the financial transactions and related matters concerning the property being purchased through a contract for deed.A Phoenix Arizona Buyer's Request for Accounting from Seller under Contract for Deed is a specific document or communication that a buyer sends to the seller when purchasing a property through a contract for deed agreement. This request is made in order to obtain a detailed and accurate account of the financial transactions and related matters pertaining to the property. The purpose of this request is to ensure transparency and to verify that all payments made by the buyer have been properly credited towards the purchase of the property. It allows the buyer to review and confirm that the seller has adhered to the terms and conditions outlined in the contract for deed. The buyer's request for accounting typically includes specific details and information that need to be addressed by the seller. These can include but are not limited to: 1. Payment history: The buyer may request a comprehensive breakdown of all payments made by them, including the principal amount, interest, late fees, and any other related charges. 2. Statement of account: The buyer may ask for a statement that clearly outlines the current balance remaining on the contract for deed, including any outstanding payments or obligations. 3. Escrow details: If there is an escrow account established for the property, the buyer might request a statement detailing the amount held in escrow, the purpose of the funds, any disbursements made, and any interest accrued. 4. Property taxes: The buyer may ask for information regarding property tax payments, such as proof of payment or confirmation that the taxes have been satisfied. 5. Insurance documentation: If the buyer is required to maintain insurance coverage on the property, they may request proof of insurance, including policy details and premium payment history. 6. Transaction costs: The buyer might inquire about any fees or costs associated with the contract for deed, such as closing costs or recording fees, to ensure that they have been properly accounted for. It is important to note that different types of Phoenix Arizona Buyer's Requests for Accounting from Seller under Contract for Deed may vary in terms of specific information requested or additional requirements. However, the overarching purpose remains the same — to obtain an accurate and comprehensive account of the financial transactions and related matters concerning the property being purchased through a contract for deed.
