Finance
In Missouri, a 'blanket mortgage' covers:
AOnly manufactured homes
BMultiple properties under a single mortgage, often used by developers for multiple parcels or lots✓ Correct
COnly residential properties
DProperties in multiple states
Explanation
A blanket mortgage in Missouri covers multiple parcels under one loan. It is commonly used by developers who want to finance multiple lots with the ability to release individual lots upon payment of a specified release price (partial release clause).
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