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.
San Diego California Buyer's Request for Accounting from Seller under Contract for Deed provides buyers with a mechanism to request a detailed account of financial transactions and expenses from the seller during the duration of a contract for deed agreement. This request aims to ensure transparency and accountability in the financial dealings between the buyer and seller. Common keywords associated with this request include: 1. San Diego: Referring to the specific location where the contract for deed is taking place — San Diego, California. 2. Buyer's Request: Denoting the action by the buyer to request specific information from the seller. 3. Accounting: Relating to the financial transactions and records associated with the contract for deed. 4. Seller: The party who currently holds the title and ownership of the property being sold through a contract for deed. 5. Contract for Deed: A legal agreement allowing the buyer to make payments directly to the seller over time, and once the full payment is made, the buyer gains full ownership. Types of San Diego California Buyer's Request for Accounting from Seller under Contract for Deed may include: 1. Monthly Financial Statements: Buyers can request monthly statements showing a breakdown of all financial transactions related to the property, including payments received, expenses incurred, and outstanding balances. 2. Transaction Log: A detailed log of all financial transactions relating to the property, such as down payment, principal payments, interest charges, and any additional fees or charges. 3. Receipts and Invoices: Buyers may request copies of all receipts and invoices for expenses related to the property, such as repairs, maintenance, property taxes, insurance payments, and other costs incurred by the seller. 4. Amortization Schedule: A schedule outlining the breakdown of payments made towards principal and interest over the life of the contract for deed, allowing buyers to track the progress of their payments. 5. Financial Summary: A comprehensive overview of the property's financial status, including the initial purchase price, principal balance, interest rate, payment schedule, and any outstanding debts or liens. By using these keywords and understanding the different types of San Diego California Buyer's Request for Accounting from Seller under Contract for Deed, buyers can ensure that they have transparency and access to the necessary financial information throughout the duration of the contract.
