What is an impound account? | Print |  E-mail

What is an impound account?

An impound account is a trust account established by the lender to hold money to pay for real estate taxes, and mortgage and homeowners insurance premiums as they are received each month.

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Last Updated ( Wednesday, 30 July 2008 )
 
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Kim Dove
Watson Realty Corp.
Office: (904) 962-8404
Cell: (904) 962-8404
Fax: (904) 212-0148
KimsellsJax@gmail.com
www.CallKimDove.com
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