This is a Seller's Annual Accounting Statement notifying the Purchaser of the number and amount of payments received toward contract for deed's purchase price and interest. This document is provided annually by Seller to Purchaser.
The Bend Oregon Contract for Deed Seller's Annual Accounting Statement is a comprehensive financial document that provides detailed information about the financial transactions and obligations between the seller and the buyer in a contract for deed agreement in Bend, Oregon. This statement serves as an essential tool for both parties involved in the agreement, ensuring transparency and clarity in financial matters. The Annual Accounting Statement outlines various important aspects of the contract, including the amount of money received by the seller from the buyer, the principal balance remaining on the contract, the interest accrued, and any other financial transactions pertinent to the contract for deed. Key components of the Bend Oregon Contract for Deed Seller's Annual Accounting Statement include: 1. Purchase Price: This section includes the initial purchase price agreed upon by the seller and the buyer. 2. Payments Received: Here, the annual statement lists all the payments received from the buyer during the accounting period. This includes the principal amount, interest, and any other fees or charges. 3. Interest: The statement provides a breakdown of the interest charged on the remaining principal balance. It may include information on the interest rate, the interest calculation method, and the total interest paid by the buyer. 4. Principal Balance: This section highlights the principal balance remaining on the contract for deed after each payment. It helps both parties keep track of the outstanding loan amount and the progress of the buyer in paying off the debt. 5. Additional Charges: If there are any additional charges or fees associated with the contract, such as late payment penalties or property taxes, this section lists them and provides an overview of their calculation. 6. Escrow Account: In some cases, the contract for deed may require the creation of an escrow account to handle property taxes, insurance, or other expenses. The Annual Accounting Statement should include details on the balance of this account. Different types of Bend Oregon Contract for Deed Seller's Annual Accounting Statements may exist depending on the specific terms and conditions agreed upon in the contract. Some variations may arise due to the length of the contract term, the interest rate, or the inclusion of specific financial provisions. For example, there may be separate annual statements for contracts with adjustable interest rates or those with balloon payments. In conclusion, the Bend Oregon Contract for Deed Seller's Annual Accounting Statement is a critical financial document that outlines the financial transactions and arrangements between the seller and buyer. It provides comprehensive information about payments, interest, principal balance, and additional charges, ensuring transparency and accountability in the contract for deed agreement.The Bend Oregon Contract for Deed Seller's Annual Accounting Statement is a comprehensive financial document that provides detailed information about the financial transactions and obligations between the seller and the buyer in a contract for deed agreement in Bend, Oregon. This statement serves as an essential tool for both parties involved in the agreement, ensuring transparency and clarity in financial matters. The Annual Accounting Statement outlines various important aspects of the contract, including the amount of money received by the seller from the buyer, the principal balance remaining on the contract, the interest accrued, and any other financial transactions pertinent to the contract for deed. Key components of the Bend Oregon Contract for Deed Seller's Annual Accounting Statement include: 1. Purchase Price: This section includes the initial purchase price agreed upon by the seller and the buyer. 2. Payments Received: Here, the annual statement lists all the payments received from the buyer during the accounting period. This includes the principal amount, interest, and any other fees or charges. 3. Interest: The statement provides a breakdown of the interest charged on the remaining principal balance. It may include information on the interest rate, the interest calculation method, and the total interest paid by the buyer. 4. Principal Balance: This section highlights the principal balance remaining on the contract for deed after each payment. It helps both parties keep track of the outstanding loan amount and the progress of the buyer in paying off the debt. 5. Additional Charges: If there are any additional charges or fees associated with the contract, such as late payment penalties or property taxes, this section lists them and provides an overview of their calculation. 6. Escrow Account: In some cases, the contract for deed may require the creation of an escrow account to handle property taxes, insurance, or other expenses. The Annual Accounting Statement should include details on the balance of this account. Different types of Bend Oregon Contract for Deed Seller's Annual Accounting Statements may exist depending on the specific terms and conditions agreed upon in the contract. Some variations may arise due to the length of the contract term, the interest rate, or the inclusion of specific financial provisions. For example, there may be separate annual statements for contracts with adjustable interest rates or those with balloon payments. In conclusion, the Bend Oregon Contract for Deed Seller's Annual Accounting Statement is a critical financial document that outlines the financial transactions and arrangements between the seller and buyer. It provides comprehensive information about payments, interest, principal balance, and additional charges, ensuring transparency and accountability in the contract for deed agreement.
