Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Pledged-Account Mortgage(PAM)
California Association of Realtors
Updated 10-31-2026
Pledged-Account Mortgage(PAM)
Money is placed in a pledged savings account and this fund plus earned interest is gradually used to reduce mortgage payments.
California Association of Realtors Glossary
California Association of Realtors · p. 10
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