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.
Miami-Dade Florida Buyer's Request for Accounting from Seller under Contract for Deed When engaging in a real estate transaction in Miami-Dade County, Florida, involving a Contract for Deed, it is essential for buyers to be well-informed and protected. A Buyer's Request for Accounting from Seller under Contract for Deed is a vital step to ensure transparency, clarity, and accuracy in the financial aspects of the transaction. This document allows buyers to request detailed accounting information from the seller, enabling them to review and verify the financial aspects of the contract. There are several types of Miami-Dade Florida Buyer's Request for Accounting from Seller under Contract for Deed, including: 1. Financial Statements: This type of request requires the seller to provide detailed financial statements, such as profit and loss statements, balance sheets, and cash flow statements. These documents give buyers a comprehensive view of the seller's financial standing, ensuring that they can make an informed decision. 2. Transaction History: This type of request focuses on the history of transactions related to the property involved in the Contract for Deed. Buyers may ask for a detailed breakdown of any payments made, outstanding balances, and any interest or penalties incurred. The transaction history allows buyers to track the financial progress of the contract and identify any discrepancies or irregularities. 3. Escrow Account Statements: In a Contract for Deed, an escrow account is often used to hold funds for the buyer, which will be applied to the ultimate purchase price or down payment. Requesting escrow account statements ensures that the buyer has a clear understanding of how the funds are being managed and any interest accrued on the account. 4. Tax Records: This type of request involves the seller providing copies of previous tax returns and assessments specifically related to the property. Reviewing tax records can help buyers determine the accuracy of property tax payments and assess any potential tax liabilities associated with the property. 5. Insurance Documentation: Requesting insurance documentation is crucial to ensure that the property is adequately insured and that the buyer will be protected from any liabilities or damages related to the property. This may include homeowners insurance policies, flood insurance, or any other relevant policies. By submitting a Buyer's Request for Accounting from Seller under Contract for Deed, buyers in Miami-Dade County, Florida can gain a comprehensive understanding of the financial aspects of the transaction. This document serves as a safeguard against any potential discrepancies or fraudulent activities, providing a solid foundation for a successful and transparent real estate transaction.
