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.
West Valley City Utah Buyer's Request for Accounting from Seller under Contract for Deed is a detailed document used by potential buyers who have entered into a Contract for Deed agreement with a seller in West Valley City, Utah. This request is made to ensure transparency and accuracy in the financial transactions pertaining to the property being sold. Key Keywords: West Valley City Utah, Buyer's Request for Accounting, Seller, Contract for Deed, detailed description There are different types of West Valley City Utah Buyer's Request for Accounting from Seller under Contract for Deed, and they may vary depending on specific circumstances. While the overall objective remains the same, namely to obtain a comprehensive understanding of the financial aspects related to the property, the specific requests may differ based on individual requirements. 1. Initial Financial Disclosure Request: In this type of request, the buyer asks the seller to provide a detailed breakdown of all financial transactions and obligations related to the property since the beginning of the Contract for Deed. This typically includes information regarding any down payments, installment payments, property taxes, insurance, and any other financial obligations directly associated with the property. 2. Escrow Account Verification: This type of request focuses on verifying the accuracy of funds held in an escrow account connected to the Contract for Deed. The buyer seeks to ensure that the seller has been faithfully depositing the payments into the designated escrow account and that no discrepancies or irregularities have occurred during the payment process. Documentation regarding the account balance and transaction history may be requested. 3. Property Tax and Assessment Verification: This request pertains specifically to confirming the accuracy and validity of property tax and assessment payments made by the seller. The buyer seeks evidence that all municipal taxes and assessments have been paid in a timely manner and requests copies of tax receipts and assessment notices to validate these payments. 4. Outstanding Liens or Encumbrances: This type of request is made to identify any outstanding liens or encumbrances on the property that could pose a potential risk to the buyer. The buyer asks the seller to provide a detailed report on any liens, mortgages, or other encumbrances currently placed on the property, along with their status and any remaining balances. 5. Utility Payment Verification: In this request, the buyer seeks confirmation that all utility payments related to the property, such as water, electricity, gas, and sewer bills, have been paid in full and are up-to-date. The buyer may request copies of recent utility bills and receipts as evidence of payment. Ultimately, the West Valley City Utah Buyer's Request for Accounting from Seller under Contract for Deed aims to provide peace of mind to the buyer by ensuring transparency and accuracy in the financial aspects of the property transaction.
