Tax and Insurance Impounds

The knowledge that taxes and insurance are paid current on your property, whether you are the owner or payor is invaluable.  LoanCare can set up an impound account for the parties and will collect 1/12th of the amounts necessary to pay items as they come due.  For the owner it takes away the worry of unpaid taxes or uninsured collateral, both of which can be disastrous.  For the payor it allows them to divide up the tax bill and the insurance premium into smaller payments over time.  An impound account is a win-win situation for all involved in the Seller Finance transaction.