Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,897,495,412 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Blanket Mortgage

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Blanket Mortgage
A mortgage that covers at least two pieces of real estate as collateral for the same mortgage.

Blanket Mortgage
A single mortgage used to buy more than one piece of property. The multiple properties serve as collateral for the blanket mortgage, but they may be sold individually. Real estate developers may use blanket mortgages to consolidate the borrowing necessary to buy properties for their businesses. In addition to paying for the properties underlying the mortgage, a real estate developer may use a blanket mortgage to cover the cost of developing the property.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
BLANKET MORTGAGE HAZARD INSURANCE If outsourcing is not a viable option and the financial institution does not wish to track hazard insurance, another coverage option is the blanket mortgage hazard policy.
Blanket Mortgage This type of mortgage will allow you to create a mortgage for different properties.
A new blanket mortgage of $4,760,000 was placed by Meridian on a 65 unit, 6-story multifamily building on Walton Avenue and a 27 unit, 5-story walkup on Marion Ave.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.