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15 August, 16:12

A mortgage that covers several parcels of land and contains a provision that allows for the sale of an individual parcel with clear title is called:

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  1. 15 August, 16:58
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    Answer: Blanket mortgage

    Explanation:

    A blanket mortgage is defined as mortgage which is funded for buying multiple real estate property area. This is also known as blanket loan. In this scenario, a developer can use blanket mortgage instead of using single mortgage for sub-divided property

    These loans are usually taken by developers and builders for a particular real estates property which is divided into pieces for selling them individually one by one or any certain time.
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