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Contract for Deed Sellers Annual Accounting Statement Washington Form

Q: What is the Contract For Deed Seller's Annual Accounting Statement in Washington?

The Contract For Deed Seller's Annual Accounting Statement in Washington is a crucial document that outlines the financial transactions between the seller and buyer in a contract for deed agreement. This statement helps sellers keep track of payments received, outstanding balances, and any additional charges. It is essential for accurate record-keeping and for complying with state regulations.

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ANNUAL ACCOUNTING This form is for the Seller in a Contract for Deed to provide an annual accounting to the Buyer of the payment status. TO: _ __ ACCOUNTING PERIOD: _ __ The following is your accounting of the payments made on the contract in regard to the property located at _ __ . (1) The amount paid under the contract is _ __ . (2) The remaining amount owed under the contract is _ __ . (3) The number of payments remaining under the contract is _ __ . (4) The amounts paid to taxing authorities on the purchaser's behalf if collected by the seller were _ __ . (5) The amounts paid to insure the property on the purchaser's behalf if collected by the seller were _ __ . (6) The property has been damaged and the seller has received insurance proceeds. An accounting of the proceeds applied to the property is _ __ . (7) The seller has changed insurance coverage. A legible copy of the current policy, binder is attached. SIGNED AND MAILED on the _ __ day of _ __ , 20_ __ . __________________________________ Seller __________________________________ Seller

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