Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Special Deposit Account

Fannie Mae

Updated 10-31-2026

Special Deposit Account

An account that is established for renovation mortgages to hold the funds needed for the renovation work so they can be disbursed from time to time as particular portions of the work are completed.

Fannie Mae Glossary of Terms

Fannie Mae · p. 46

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