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William Bill Price
Real Estate Teams
50 Citizens Way, #400
Frederick, MD, 21701
Office: 301-695-3020
Cell: 301-514-7963
Fax: 800-395-9636
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What is an impound account? PDF 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 ( Tuesday, 29 July 2008 )
 
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