This Seller's Disclosure Notice of Financing Terms Contract for Deed serves as notice to Purchaser of the purchase price of property and how payments, interest, and late charges are set. This document should be completed by Seller of property and provided to the Purchaser at or before the signing of the contract for deed.
Davenport Iowa Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract
Category:
State:
Iowa
City:
Davenport
Control #:
IA-00470-3
Format:
Word;
Rich Text
Instant download
Description
How to fill out Iowa Seller's Disclosure Of Financing Terms For Residential Property In Connection With Contract Or Agreement For Deed A/k/a Land Contract?
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FAQ
A Seller's Disclosure is a legal document that requires sellers to provide previously undisclosed details about the property's condition that prospective buyers may find unfavorable. This document is also known as a property disclosure, and it's important for both those buying a house and for those selling a house.
Important and relevant issues which need disclosing are: Flooding issues, whether current or historic. Any known structural issues concerning the property. Proposals for nearby development and construction (if applicable)
Iowa Code 558A requires home sellers to deliver written disclosure statements to any person interested in buying a property before they have made a formal offer or the offer has been accepted.
The Illinois Real Property Act requires sellers to disclose known defects and problems with a property....Sellers are required to list the following information regarding the condition of the property: Unsafe Conditions.Environmental Healthfulness.Soil Problems.Flood Risk.Insect Infestation.Material Defects.
