Real Estate glossary
What is BLANKET LOAN?
BLANKET LOAN — A mortgage covering more than one parcel of real estate, providing for each parcel's partial release from the mortgage lien upon repayment of a definite portion of the debt.
Real Estate glossary
BLANKET LOAN — A mortgage covering more than one parcel of real estate, providing for each parcel's partial release from the mortgage lien upon repayment of a definite portion of the debt.