Buyer's Request for Accounting from Seller under Contract for Deed - Georgia 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the date at the top of the form. This is essential for record-keeping and ensures clarity regarding when the request was made.
  3. Fill in the Seller’s Name and Address. Accurate information here is crucial as it identifies who you are addressing your request to.
  4. In the body of the letter, specify the date of the Contract for Deed and provide the property address. This contextualizes your request and links it directly to your agreement.
  5. Clearly state your request for an accounting of payments, including any interest, fees, costs, taxes, and insurance paid. This section should be detailed to ensure you receive comprehensive information.
  6. Indicate where you would like this information sent by filling in your mailing address at the bottom of the form.
  7. Finally, sign the document and print your name below to authenticate your request before sending it off.

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Under Georgia law, all these agreements are treated synonymously. When a seller of real estate agrees to finance some or all of the purchase price to the buyer, he may use a contract for deed.
Often land contracts include a protection of interest clause which protects both parties should one party fail to make a payment. It says that the other party can make the payment and then be compensated.
A deed is similar to a simple contract as it is a commitment by a party (or parties) to do something. Commonly they include deeds of assignment or deeds of trust and in some cases are a necessary transaction formality.
Risks of a Contract for Deed Additionally, balloon payments may be required after a certain amount of time has passed, which can also lead to financial hardship if not planned for. If disputes arise between the buyer and seller of a contract for deed property, legal recourse is limited for the party living in the home.
Even if the contract goes by a different name, like bond for deed, land installment contract, or buying on contract, the idea is the same: a purchase made on an installment plan rather than through a traditional mortgage loan.
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With a land contract (also called a contract for deed), the seller maintains legal title to the property until the buyer completes all payments.

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