Blanket Loan Real Estate
Contents Easy advance loan. [quick Distressed real estate loan Real estate acts Rental property ownership A blanket mortgage enables real estate investors to buy, hold, and sell multiple properties under a single financing arrangement which is more efficient than having multiple individual mortgages. With a blanket loan, properties can be sold without triggering the "due on sale" which allows proceeds from the sale to be used to purchase more property. Definition of "Blanket mortgage" Nora Jean Malan, Real Estate Agent RE/MAX Competetive Edge Single mortgage or other encumbrance that covers…
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