Finance
In Wyoming, a blanket mortgage covers:
AAny property owned by the borrower
BTwo or more properties as collateral for a single loan✓ Correct
CAll liens on a single property
DBoth real and personal property as collateral
Explanation
A blanket mortgage (or blanket deed of trust) uses two or more properties as collateral for one loan. Developers often use blanket mortgages when financing a subdivision—as individual lots are sold, they are released from the blanket mortgage through partial release clauses.
Related Wyoming Finance Questions
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