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 Jacksonville Florida Buyer's Request for Accounting from Seller under a Contract for Deed is a formal written document that the buyer submits to the seller, requesting a detailed financial account of the transaction. This request is typically made when purchasing a property through a contract for deed agreement, where the buyer makes payments to the seller over a set period before gaining full ownership of the property. The purpose of this request is to ensure transparency and clarity in the financial aspect of the contract for deed. It allows the buyer to verify that all payments made towards the property are accurately recorded and allocated towards the agreed-upon purchase price. Key information that should be included in the buyer's request for accounting includes: 1. Buyer and seller details: The request should contain the full names and contact information of both the buyer and seller, including addresses, phone numbers, and email addresses. 2. Property details: The request should clearly specify the address and legal description of the property, including any improvements or structures. 3. Contract for deed details: The request should outline the specific terms and conditions of the contract for deed, including the purchase price, interest rate, payment schedule, and the agreed-upon length of the contract. 4. Payment history: The buyer should request a detailed payment history, including the amounts paid, the dates of each payment, and any late fees or penalties incurred. 5. Breakdown of payments: The request should ask for a clear breakdown of how each payment was allocated, specifying whether it went towards principal, interest, taxes, insurance, or any other agreed-upon expenses. 6. Escrow account details: If an escrow account was established for the contract, the buyer should request a statement showing any funds held in the account and how they were disbursed. 7. Outstanding balances: The request should inquire about any outstanding balances, including the remaining principal balance of the contract and any additional fees or charges accrued. It's worth noting that there may be different types of buyer's requests for accounting under a contract for deed, depending on the specific circumstances or concerns of the buyer. Some variations may include requests for clarification on specific payments, inquiries about potential discrepancies, or requests for additional supporting documentation. Overall, a Jacksonville Florida Buyer's Request for Accounting aims to protect the buyer's interests by ensuring financial transparency and adherence to the terms of the contract for deed.A Jacksonville Florida Buyer's Request for Accounting from Seller under a Contract for Deed is a formal written document that the buyer submits to the seller, requesting a detailed financial account of the transaction. This request is typically made when purchasing a property through a contract for deed agreement, where the buyer makes payments to the seller over a set period before gaining full ownership of the property. The purpose of this request is to ensure transparency and clarity in the financial aspect of the contract for deed. It allows the buyer to verify that all payments made towards the property are accurately recorded and allocated towards the agreed-upon purchase price. Key information that should be included in the buyer's request for accounting includes: 1. Buyer and seller details: The request should contain the full names and contact information of both the buyer and seller, including addresses, phone numbers, and email addresses. 2. Property details: The request should clearly specify the address and legal description of the property, including any improvements or structures. 3. Contract for deed details: The request should outline the specific terms and conditions of the contract for deed, including the purchase price, interest rate, payment schedule, and the agreed-upon length of the contract. 4. Payment history: The buyer should request a detailed payment history, including the amounts paid, the dates of each payment, and any late fees or penalties incurred. 5. Breakdown of payments: The request should ask for a clear breakdown of how each payment was allocated, specifying whether it went towards principal, interest, taxes, insurance, or any other agreed-upon expenses. 6. Escrow account details: If an escrow account was established for the contract, the buyer should request a statement showing any funds held in the account and how they were disbursed. 7. Outstanding balances: The request should inquire about any outstanding balances, including the remaining principal balance of the contract and any additional fees or charges accrued. It's worth noting that there may be different types of buyer's requests for accounting under a contract for deed, depending on the specific circumstances or concerns of the buyer. Some variations may include requests for clarification on specific payments, inquiries about potential discrepancies, or requests for additional supporting documentation. Overall, a Jacksonville Florida Buyer's Request for Accounting aims to protect the buyer's interests by ensuring financial transparency and adherence to the terms of the contract for deed.
