Finance
What is a 'blanket mortgage' in Delaware real estate?
AA mortgage covering an entire apartment building
BA single mortgage that covers multiple properties simultaneously✓ Correct
CA mortgage that provides coverage for all types of losses
DA mortgage used in 'as-is' purchase transactions
Explanation
A blanket mortgage is a single mortgage that covers two or more parcels of real property. It often includes a partial release clause allowing individual lots to be sold and released from the lien upon payment of a specified amount.
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