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What is a blanket sale or mortgage?

April 26, 2017Blanket mortgage sale

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What is a blanket sale or mortgage?

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A blanket sale or mortgage is one for which more than one property was conveyed or financed by a single instrument. For example, a homeowner who holds title to his home and a vacant lot next door, may convey title to the separately assessed lots through one deed. Since blanket sales may not be suitable for comparables, you may wish to eliminate them when you search.