Blanket Mortgage
A single mortgage that covers more than one parcel of land, often with a partial release clause so parcels can be freed as they sell.
A blanket mortgage secures more than one parcel of real property under a single loan. Developers and subdividers use it to finance many lots at once.
A partial release clause lets the borrower release individual parcels from the lien as each one is sold and paid down, so the buyer of each lot receives clear title.
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Types of Mortgages and Financing (4% of the exam)
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This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.