Impound Reserve Accounts offer the Seller/Lender the knowledge that in most instances all regularly due taxes, government assessments, etc. will be paid currently and not become delinquent. Impound Reserve Accounts offer the Buyer/Borrower a service to calculate taxes, bills, etc. so portions can be prepaid on a regular basis, total amounts being paid prior to becoming delinquent and allowing an entity that is familiar with the process to save the property owner from the intricacies of dealing with these responsibilities. If you are interested in an impound account, please advise FINS.