What is an impound account?

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.

Questions about Charleston Real Estate?

Ask us below or Call us Now at 843 849 7587
AddThis Social Bookmark Button
*First Name
*Last Name
*Email
Phone
Question / Comments
Enter the code:
 Reload image
     
Last Updated ( Wednesday, 30 July 2008 )