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Definition Of:

IMPOUND

Dictionary of Real Estate TermsDictionary of Real Estate Terms
That portion of a borrower's monthly payments held by the lender or servicer to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Also known as reserves.

 

Dictionary of Real Estate Terms INDEX:

List of Terms: Terms beginning with "A", Page 1

A B C D E F G H I J L M N O P Q R S T U V W Z
1 2 3

A: Page 1 of 3.

ABSTRACT
ACCELERATION CLAUSE
ACCRETION
ACKNOWLEDGEMENT
ACRE
ADDENDUM
ADJUSTABLE RATE MOR...ADJUSTMENT INTERVAL...
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