What is the meaning of Blanket Mortgage?

Blanket Mortgage is a lien on more than one parcel or unit of land, frequently incurred by subdividers or developers who have purchased a single tract of land for the purpose of dividing it into smaller parcels for sale or development. Also called a blanket trust deed.

5
 
|15 years ago|214 views|share |citing 
APABarry Goldsmith. (2010). blanket mortgage. Retrieved September 29, 2026, from http://smartdefine.org/blanket_mortgage/definitions/1148700
ChicagoBarry Goldsmith. 2010. "blanket mortgage" http://smartdefine.org/blanket_mortgage/definitions/1148700 (accessed September 29, 2026).
HarvardBarry Goldsmith 2010, blanket mortgage, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/blanket_mortgage/definitions/1148700>.
MLABarry Goldsmith. "blanket mortgage" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/blanket_mortgage/definitions/1148700>
{ class="autoclick" }next definition (/)