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.
On the exam
Exam trap
Tested in
Financing & Settlement (6% of the exam)
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This definition is Texas 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.