Blanket Mortgage
See also
One mortgage (in U.S. law) on… (Read more)
What does Blanket Mortgage mean in American Law?
The definition of Blanket Mortgage in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
A mortgage covering more than one piece of property given to secure a single debt.
Concept of Blanket Mortgage in the context of Real Property
Alternatives definitions of Blanket Mortgage: (1) A mortgage covering more than one property of the mortgagor, such as a mortgage covering all the lots of a builder in a subdivision. (2) A mortgage covering all real property of the mortgagor, both present and future. When used in this meaning, it is also called a “general mortgage”.
Concept of Blanket Mortgage in the context of Real Property
Alternatives definitions of Blanket Mortgage: (1) A mortgage covering more than one property of the mortgagor, such as a mortgage covering all the lots of a builder in a subdivision. (2) A mortgage covering all real property of the mortgagor, both present and future. When used in this meaning, it is also called a “general mortgage”.
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