Pledged Account Loan

Concept of Pledged Account Loan in the context of Real Property

A short definition of Pledged Account Loan: A loan partially secured by the buyer or third party depositing funds into a savings account as collateral security for the loan. A portion of the monthly payment is drawn from the account over the first years of the loan.

Concept of Pledged Account Loan in the context of Real Property

A short definition of Pledged Account Loan: A loan partially secured by the buyer or third party depositing funds into a savings account as collateral security for the loan. A portion of the monthly payment is drawn from the account over the first years of the loan.