Finance
A blanket mortgage covers:
AAll properties in a given zip code simultaneously
BTwo or more parcels of real property as collateral for one loan✓ Correct
CA borrower's personal property in addition to real estate
DAny mortgage that includes an insurance component
Explanation
A blanket mortgage (or blanket loan) uses two or more parcels of real property as collateral for a single loan. It is commonly used by developers who need financing for multiple lots or properties. Blanket mortgages typically include a partial release clause allowing individual parcels to be released from the lien as they are sold.
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