Property Ownership
In Montana, a 'blanket mortgage' or 'blanket deed of trust' is typically used when:
AA single property secures multiple loans
BA single loan is secured by multiple properties, often used by developers financing multiple lots or properties simultaneously✓ Correct
CMultiple borrowers share responsibility for one loan
DA lender finances both a primary home and vacation home
Explanation
A blanket mortgage uses multiple properties as collateral for a single loan, commonly used by developers who want to finance an entire subdivision under one loan. As individual lots or properties sell, they can be released from the blanket lien through release clauses.
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