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.
Cedar Rapids Iowa Buyer's Request for Accounting from Seller under Contract for Deed is a legal document used by buyers to request detailed financial information from the seller of a property that is being sold under a contract for deed arrangement. This request is typically made to ensure transparency and accountability regarding the financial aspects of the property transaction. Keywords: Cedar Rapids Iowa, buyer's request, accounting, seller, contract for deed, property transaction, financial information, transparency, accountability. There are different types of Cedar Rapids Iowa Buyer's Request for Accounting from Seller under Contract for Deed, including: 1. Basic Financial Information Request: This request seeks essential financial details, such as the total purchase price, down payment amount, monthly payments, interest rate, and any additional fees associated with the contract for deed agreement. 2. Payment History Request: This type of request aims to obtain a comprehensive account of all payments made by the buyer, including the principal amount, interest, late fees, and any other applicable charges. It helps buyers ensure that their payments are accurately recorded and applied. 3. Property Tax Request: This request pertains to property taxes paid by the seller to ensure that there are no outstanding or unpaid property tax obligations that could become the buyer's responsibility after the completion of the contract for deed. 4. Insurance Coverage Request: Buyers may request information about the insurance coverage held by the seller on the property. This includes details about the insurance provider, policy coverage, and annual premium payments. It helps buyers understand the extent of insurance protection on the property. 5. Escrow Account Request: In some cases, sellers might establish an escrow account to manage property taxes, insurance premiums, or other related expenses. Buyers can request a detailed account statement for the escrow account, including the balance, deposits, withdrawals, and any interest earned. 6. Maintenance and Repair Records Request: Buyers may ask for documentation of any repairs or maintenance performed on the property by the seller during the contract for deed period. This request helps buyers assess the property's condition and whether necessary upkeep has been performed. By submitting a comprehensive Cedar Rapids Iowa Buyer's Request for Accounting from Seller under Contract for Deed, buyers can secure the necessary financial information to make informed decisions regarding the property purchase and ensure a transparent and smooth transaction.
