Blanket Mortgage in United States
Practical Information
Note: Some of this information was last updated in 1982
One mortgage (in U.S. law) on a number of parcels of real property (in U.S. law). Provision may be made for release of each parcel as certain payments are made in reduction of the loan. In the absence of such a provision for partial release, the mortgagee (lender) cannot be required to release any one parcel from his or her blanket mortgage upon payment of a pro rata share of the debt; the mortgagee is entitled to hold all the properties as security until the debt is paid in full.
What is Blanket Mortgage?
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