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.
Daly City, California Buyer's Request for Accounting from Seller under Contract for Deed: When entering into a Contract for Deed for a property in Daly City, California, buyers often have the right to request an accounting from the seller. This accounting is a detailed record of all financial transactions related to the property they are purchasing. It ensures transparency and allows buyers to have a clear understanding of the financial aspects involved. In a Daly City Buyer's Request for Accounting under Contract for Deed, there are different types that buyers may consider, depending on their specific needs and concerns. These may include: 1. Payment Allocation Request: Buyers can request an accounting of how their payments made towards the property have been allocated. This includes tracking the amount that goes towards the principal, interest, property taxes, insurance, and any other related expenses. 2. Escrow Account Audit: Buyers can ask for an audit of the escrow account, which holds funds contributed by both parties. This ensures that the funds are being properly managed, disbursed, and accounted for as per the terms of the contract. 3. Expense Breakdown Request: Buyers can request a breakdown of all expenses incurred by the seller, such as maintenance, repairs, or improvements made to the property. This helps buyers understand how their purchase price is affected by these expenses and assists in evaluating the property's overall value. 4. Tax Assessment Request: Buyers may seek an accounting of property tax assessments during the contract term. This allows them to be aware of any changes or unpaid taxes, ensuring they are not burdened with unexpected financial obligations. 5. Insurance Coverage Verification: Buyers can ask for an accounting of the property's insurance coverage and ensure that it meets their requirements and expectations. This includes verifying the coverage amount, details of the policy, and any claims made against it. In all forms of Buyer's Request for Accounting, it is important for buyers to specify the time frame for which they are seeking the accounting. Whether it is for a specific month, quarter, or longer period, this ensures clarity and prevents misunderstandings. Overall, a Daly City, California Buyer's Request for Accounting from Seller under Contract for Deed allows buyers to have a comprehensive understanding of the financial aspects related to the property they are purchasing. It facilitates transparency, accountability, and helps protect the interests of the buyer throughout the contract term.Daly City, California Buyer's Request for Accounting from Seller under Contract for Deed: When entering into a Contract for Deed for a property in Daly City, California, buyers often have the right to request an accounting from the seller. This accounting is a detailed record of all financial transactions related to the property they are purchasing. It ensures transparency and allows buyers to have a clear understanding of the financial aspects involved. In a Daly City Buyer's Request for Accounting under Contract for Deed, there are different types that buyers may consider, depending on their specific needs and concerns. These may include: 1. Payment Allocation Request: Buyers can request an accounting of how their payments made towards the property have been allocated. This includes tracking the amount that goes towards the principal, interest, property taxes, insurance, and any other related expenses. 2. Escrow Account Audit: Buyers can ask for an audit of the escrow account, which holds funds contributed by both parties. This ensures that the funds are being properly managed, disbursed, and accounted for as per the terms of the contract. 3. Expense Breakdown Request: Buyers can request a breakdown of all expenses incurred by the seller, such as maintenance, repairs, or improvements made to the property. This helps buyers understand how their purchase price is affected by these expenses and assists in evaluating the property's overall value. 4. Tax Assessment Request: Buyers may seek an accounting of property tax assessments during the contract term. This allows them to be aware of any changes or unpaid taxes, ensuring they are not burdened with unexpected financial obligations. 5. Insurance Coverage Verification: Buyers can ask for an accounting of the property's insurance coverage and ensure that it meets their requirements and expectations. This includes verifying the coverage amount, details of the policy, and any claims made against it. In all forms of Buyer's Request for Accounting, it is important for buyers to specify the time frame for which they are seeking the accounting. Whether it is for a specific month, quarter, or longer period, this ensures clarity and prevents misunderstandings. Overall, a Daly City, California Buyer's Request for Accounting from Seller under Contract for Deed allows buyers to have a comprehensive understanding of the financial aspects related to the property they are purchasing. It facilitates transparency, accountability, and helps protect the interests of the buyer throughout the contract term.
