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Blanket Loan

Blanket loan

From Wikipedia, the free encyclopedia.

A blanket loan , or blanket mortgage , is a mortgage client securing several parcels of property, frequently used by developers who have purchased a single tract of land intending to subdivide into individual parcels. The developer normally requires a "partial release" clause so that individual parcels can be released from the blanket mortgage as they are sold.

 

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The court of appeals reversed. It acknowledged that its 1996 ruling in In re Lauer had created uncertainty and conflicting views among lower courts in the circuit on the availability of derivative standing. [read more]

Go figure. The global Aviation Index tracking airline shares has risen 20% in the last six months as oil prices plunged from their peak price of $147 per barrel to less than $40. During that time, El Al shares lost 73%. Like other airlines, El Al hedges to protect itself from oil surges. [read more]

I do not recall any federal budget that has met with such universal condemnation as the 2009 version presented by Mr. President early this month! I am yet to sight any serious media report that confidently endorses the quality of the content or the direction of this budget. [read more]

Extended factory shutdowns caused by the economic downturn mean thousands of workers will remain at home today. [read more]

People and credit cards baffle me. And I think I have my parents to thank for it. From an early age when I started to earn an allowance, I learned to manage and conserve money. A portion always went into savings, the rest I could spend. [read more]

Thousands of workers across the UK faced extended festive breaks today as factories hit by the economic slowdown remained closed. [read more]

A recent bus trip through the Canadian North has left travellers cold and annoyed after they said they spent about 20 hours on a Greyhound bus without heat as the temperature outside dipped below -30 C. [read more]

Watching our late uncle's home movies (which were thoughtfully converted to DVD by our cousins) during this Christmas holiday my brother, sisters and I got a kick out of watching the kids being piled into a vehicle without a thought of a seatbelt or child seat. [read more]

A water bomber releases its load of fire retardent on a forest fire near the Myra Canyon forest service road . (July 23). Travis Pankiw, a 19-year-old Rutland youth, was found after he went missing. He was slightly confused and tired from being out overnight but appeared to be doing well otherwise. [read more]

As concern about student debt rises, promotional deals universities have made with banks are causing alarm. [read more]

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Jan. 6 (Bloomberg) -- Foreclosure sales in the 25 largest U.S. metropolitan areas almost tripled in the first 10 months of last year as rising unemployment and falling home values made it tougher for homeowners to sell or refinance their mortgages. [read more]

Debra Fought was on the edge of foreclosure until she fought to get her life back. The Cary News has the story. [read more]

With some help from UVA, a Central Virginia real estate expert has put together some important findings on Charlottesville's foreclosure rates. [read more]

The property where the Los Banos Rescue Mission is located has fallen into foreclosure. The future of the mission is uncertain at this time. [read more]

The developer of the Watson Hill property, caught for 3 1/2 years in an annexation battle between North Charleston and Summerville, now faces foreclosure on a $28.6 million loan. [read more]

(ARA) - Over the past year, we've been inundated with daily headlines about the growing foreclosure crisis. [read more]

Allegheny County property owners facing foreclosure will have the chance to negotiate with lenders to keep their homes under a pilot program expected to start next week. [read more]

The scheduled sale of a Morris Brown College building in foreclosure is off, at least until next month. The college was given a reprieve Tuesday, barely two hours before Jordan Hall was to be auctioned on the steps of the Fulton County courthouse, according to an attorney involved in the matter. "Essentially there was agreement to give them a little time," said the lawyer, Gregory Worthy. "This ... [read more]

A Nixa man who leased a home from Greenleaf Companies and The Real Estate Co. of Springfield is suing the businesses after the house was lost to foreclosure. [read more]

LYNN - With the number of foreclosures continuing to impact cities such as Lynn, the Lynn Housing Authority & Neighborhood Development (LHAND) has developed a two-pronged Foreclosure Prevention & Neighborhood Stabilization Program that consists of: foreclosure education, advocacy, loss-mitigation options and neighborhood-stabilization activities that focus on identifying distressed and ... [read more]

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