Finance
In South Carolina, a 'blanket mortgage' covers:
AMultiple properties under a single mortgage lien✓ Correct
BOnly the land, not the improvements
CShort-term construction financing
DA mortgage with government guarantee
Explanation
A blanket mortgage covers more than one parcel of property under a single lien. It is often used by developers who want to finance multiple lots. A 'release clause' may allow individual parcels to be released from the lien as they are sold.
Related South Carolina Finance Questions
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