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What is an impound accountant?

April 26, 2017Accountant Impound

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What is an impound accountant?

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

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