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Buyer's Request for Accounting from Seller under Contract for Deed - New Mexico

Buyer's Request for Accounting from Seller under Contract for Deed - New Mexico 2026

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The document is a formal request for accounting from a purchaser to a seller regarding a Contract for Deed. It seeks detailed information on payments made, including interest, fees, costs, taxes, and insurance related to the property, as well as the remaining balance due on the contract, primarily for tax purposes.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date at the top of the form. This is essential for record-keeping and clarity.
Fill in the Seller's name and address in the designated fields. Ensure accuracy to avoid any miscommunication.
In the body of the letter, specify your request clearly. Include details about the Contract for Deed, such as its date and property address.
Request a detailed accounting of payments made, including interest, fees, costs, taxes, and insurance. This information is crucial for your records.
Provide your mailing address where you would like to receive this information. Double-check for accuracy.
Sign the document in the designated area and print your name below it to finalize your request.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who has the legal title to the property under a contract for deed or installment contract?

Instead of going to a separate mortgage lender for a loan to pay the seller the full price of the property, the buyer agrees to pay the seller in monthly installments. The seller keeps the deed to the property until the contract is fulfilled. The deed represents legal ownership of the home.

When a seller agrees to finance a sale with a contract for deed, the buyer receives what type of title until the debt is paid in full?

With a land contract (also called a contract for deed), the seller maintains legal title to the property until the buyer completes all payments.

In which situation is the contract for deed disclosure required to be presented to a buyer in Minnesota?

The contract for deed disclosure in Minnesota is required when a buyer and a seller enter into a land contract or installment sale, which must inform the buyer about the specific terms and conditions of the arrangement.

What is another name for a contract for a deed?

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.

What type of contract is a deed?

A deed is a special type of promise or commitment that indicates the most serious and or solemn indication that the executing party intends to do what they have promised. A deed can: pass or confer legal or equitable interests in property or some other right; create an obligation binding on some person; or.

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What is seller financing also known as?

Seller financing is also known as owner financing or a purchase-money mortgage.

Is seller financing the same as contract for deed?

A contract for deed is a type of seller financing, where the seller agrees to give possession of the property to the buyer immediately. The buyer makes payments directly to the seller, usually monthly, over a period of time agreed upon by both parties and established within the contract.

Buyer's Request for Accounting from Seller under Contract for Deed - New Mexico 2026

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