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Joe Spies
Messick Realty Group
Vancouver/Portland area, ,
Cell: 360 521 6761
Fax: 360 397 7954
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Private Financing


 
We have certain homes that owners will carry a contract
What is an impound account? | Print |

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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