Finance
A Texas 'blanket mortgage' is used primarily in:
ASingle-family home purchases
BDevelopment financing that covers multiple lots or parcels, typically with a partial release clause✓ Correct
CRefinancing of existing residential loans
DVA loan transactions
Explanation
A blanket mortgage covers multiple properties under one loan. Developers often use them during land development with a partial release clause that allows individual lots to be released from the lien as they are sold.
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