Buyer's Request for Accounting from Seller under Contract for Deed - Nebraska 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 clarity.
  3. Fill in the Seller's name and address in the designated fields. Ensure accuracy to avoid any miscommunication.
  4. In the 'Re:' section, write 'Request for Accounting' to clearly state the purpose of your letter.
  5. Address the letter appropriately, using 'Dear [Seller’s Name]'.
  6. Specify the date of your Contract for Deed and provide the property address where indicated. This information is crucial for identifying your contract.
  7. Clearly state your request for an accounting of payments made, including a breakdown of interest, fees, costs, taxes, and insurance paid since the contract was initiated.
  8. Request that this information be mailed to you at your specified address. Fill in your mailing address accurately.
  9. Sign the document at the bottom and print your name in the provided space to finalize your request.

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A purchase and sale agreement (PSA) is a binding contract that outlines how property will change hands between buyer and seller. It covers the crucial details both parties must follow to complete the sale properly and legally.
With a traditional land contract, the seller keeps the title until the buyer pays off the contract. If its a wrap-around land contract, the seller continues to make existing mortgage payments while collecting monthly payments from the buyer; however, the buyer gets the deed right away.
With a land contract (also called a contract for deed), the seller maintains legal title to the property until the buyer completes all payments.
Recording requirements protect buyers by making public and traceable their involvement and interests in the property. Around a dozen states require land contracts to be publicly recorded.
That is why it is important to seek the representation of attorneys who have experience in this practice. DIY-ing a land installment contract is not worth the prospect of ending up with nothingan outcome we see far too often due to drafting errors and a failure to document payments.
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Just as there are benefits, there are also some potential downsides to a contract for deed: The seller keeps the legal title to the property until the buyer pays the contract price in full. If the buyer defaults on the contract, he or she can lose all money paid.

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