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 Knoxville Real Estate?

Ask us below or Call us Now at 865-690-1300
*First Name
*Last Name
Spouse Name
*Email
Street 1
Street 2
City
State
Zip
Home Phone
Work Phone
Cell Phone
*Question / Comments
Enter the code:
 Reload image