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.
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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.
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