Blanket mortgage

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Related to Blanket mortgage: Package mortgage
1.One that covers a group or class of things or properties instead of one or more things mentioned individually, as where a mortgage secures various debts as a group, or subjects a group or class of different pieces of property to one general lien.
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
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Miniter's products include Lender Placed Hazard, Lender Placed Flood, REO Hazard, REO Liability, Blanket Mortgage Hazard, Mortgage Impairment Insurance, Outsource Tracking, Vendor Single Interest Insurance, Collateral Protection Insurance and GAP Insurance.
W, along with its parri passu participant, also holds a blanket mortgage encumbering several nearby commercial and residential properties as additional collateral.
This then affected all five of my properties as they were all connected through the blanket mortgage. Ultimately, it was worked out, but it was not a pleasant experience.
Recently several new firms have arranged lending units to provide blanket mortgage financing to small to middle SFR operators, including B2R Finance, formed by Blackstone, which also founded Invitation Homes; Santa Monica.
When developing a housing cooperative, the developer generally must obtain a single loan, or blanket mortgage, (87) to cover the cost of land acquisition as well as construction of the property.
Last year Government advisors estimated that a blanket mortgage debt forgiveness scheme to solve the negative equity crisis would cost EUR14billion.
If outsourcing is not a viable option and the financial institution does not wish to track hazard insurance, another coverage option is the blanket mortgage hazard policy.
The Government's advisors reckon that a blanket mortgage debt forgiveness scheme to solve the negative equity crisis would cost EUR14billion.
The individual in question had procured a loan collateralized by three individual apartment complexes having a total of 425 units with a blanket mortgage of $5.8 million.
* Meridian negotiated a new blanket mortgage of $3,250,000 on two multifamily buildings totaling 69 units located on West 125th Street and Saint Nicholas Avenue in New York, MY.
Co-ops differ from condominiums in that owners own the entire building jointly as a corporation rather than their specific units, and their dwellings are financed in the form of a blanket mortgage to the corporation.
* $448,000 first blanket mortgage for 2 one story buildings, with a total of 2 commercial units located near to Town Hall and the Metro North train station in downtown Pelham, NY