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 Broken Arrow Oklahoma Contract for Deed Seller's Annual Accounting Statement is a crucial document that outlines the financial details and transactions associated with a contract for deed agreement in Broken Arrow, Oklahoma. This statement is typically prepared and submitted by the seller to the buyer on an annual basis, providing a comprehensive overview of the financial activities related to the contract for deed. Keywords: Broken Arrow Oklahoma, contract for deed, seller's annual accounting statement, financial details, transactions, document, buyer, seller, comprehensive overview, contract for deed agreement. Different Types of Broken Arrow Oklahoma Contract for Deed Seller's Annual Accounting Statement: 1. Financial Summary Statement: This type of statement provides a concise summary of the financial activities and transactions associated with the contract for deed agreement. It includes details such as the total purchase price, down payment, interest paid, principal balance, and any additional fees or charges incurred. 2. Transaction Breakdown Statement: This statement provides a detailed breakdown of each financial transaction that occurred throughout the year. It includes information about the date of the transaction, the amount, the specific purpose (e.g., principal payment, interest payment, late fee), and any outstanding balances. 3. Escrow Account Statement: In some cases, sellers may require buyers to establish an escrow account to handle property taxes, insurance premiums, or other specific costs. This statement provides an overview of the funds deposited into the escrow account, any disbursements made, and the current balance. 4. Payment History Statement: This type of statement focuses on the payment history of the buyer. It includes details such as the date of each payment received, the amount, and any late or missed payments. It also highlights any outstanding balances or penalties associated with late payments. 5. Property Inspection Statement: This statement offers a comprehensive overview of any inspections conducted on the property during the year. It includes details about repairs or maintenance performed, associated costs, and the overall condition of the property. 6. Tax and Insurance Statement: This statement provides information related to property taxes and insurance payments made by the seller on behalf of the buyer. It outlines the amounts paid, the due dates for future payments, and any outstanding balances or adjustments. In conclusion, the Broken Arrow Oklahoma Contract for Deed Seller's Annual Accounting Statement is a crucial document that ensures transparency and accountability between the buyer and seller. It encompasses various types of statements, such as financial summaries, transaction breakdowns, escrow account statements, payment histories, property inspections, and tax and insurance details. By providing a comprehensive overview of the financial activities associated with the contract for deed agreement, these statements help both parties stay informed and maintain a clear understanding of their financial obligations and rights.The Broken Arrow Oklahoma Contract for Deed Seller's Annual Accounting Statement is a crucial document that outlines the financial details and transactions associated with a contract for deed agreement in Broken Arrow, Oklahoma. This statement is typically prepared and submitted by the seller to the buyer on an annual basis, providing a comprehensive overview of the financial activities related to the contract for deed. Keywords: Broken Arrow Oklahoma, contract for deed, seller's annual accounting statement, financial details, transactions, document, buyer, seller, comprehensive overview, contract for deed agreement. Different Types of Broken Arrow Oklahoma Contract for Deed Seller's Annual Accounting Statement: 1. Financial Summary Statement: This type of statement provides a concise summary of the financial activities and transactions associated with the contract for deed agreement. It includes details such as the total purchase price, down payment, interest paid, principal balance, and any additional fees or charges incurred. 2. Transaction Breakdown Statement: This statement provides a detailed breakdown of each financial transaction that occurred throughout the year. It includes information about the date of the transaction, the amount, the specific purpose (e.g., principal payment, interest payment, late fee), and any outstanding balances. 3. Escrow Account Statement: In some cases, sellers may require buyers to establish an escrow account to handle property taxes, insurance premiums, or other specific costs. This statement provides an overview of the funds deposited into the escrow account, any disbursements made, and the current balance. 4. Payment History Statement: This type of statement focuses on the payment history of the buyer. It includes details such as the date of each payment received, the amount, and any late or missed payments. It also highlights any outstanding balances or penalties associated with late payments. 5. Property Inspection Statement: This statement offers a comprehensive overview of any inspections conducted on the property during the year. It includes details about repairs or maintenance performed, associated costs, and the overall condition of the property. 6. Tax and Insurance Statement: This statement provides information related to property taxes and insurance payments made by the seller on behalf of the buyer. It outlines the amounts paid, the due dates for future payments, and any outstanding balances or adjustments. In conclusion, the Broken Arrow Oklahoma Contract for Deed Seller's Annual Accounting Statement is a crucial document that ensures transparency and accountability between the buyer and seller. It encompasses various types of statements, such as financial summaries, transaction breakdowns, escrow account statements, payment histories, property inspections, and tax and insurance details. By providing a comprehensive overview of the financial activities associated with the contract for deed agreement, these statements help both parties stay informed and maintain a clear understanding of their financial obligations and rights.
