Mother Hubbard clause financial definition of Mother Hubbard clause
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Mother Hubbard clause
Mother Hubbard clause
See
anaconda mortgage
.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
Mentioned in
?
anaconda mortgage
References in periodicals archive
?
Mortgage terms of art include anaconda mortgage or the similar
Mother Hubbard clause
, which provides that in the event of default the mortgagee may foreclose on any loans that are owed by the mortgagor to the same mortgagee.
Encyclopedia of Real Estate Terms, Third Edition
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