Finance
A blanket mortgage covers:
AOne property securing one loan
BMultiple properties under a single mortgage✓ Correct
CConstruction and permanent financing in one
DAll of the borrower's personal property
Explanation
A blanket mortgage encumbers multiple parcels of property under a single mortgage. It is commonly used by developers to finance land acquisitions for subdivision development and typically includes a release clause allowing individual lots to be released as they are sold.
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