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In California real estate financing, what is a 'blanket deed of trust'?

Correct Answer

D) A deed of trust that covers multiple properties as security for a single loan

A blanket deed of trust uses multiple properties as collateral for a single loan. This is commonly used by developers who pledge several lots or parcels. It typically includes a partial release clause allowing individual properties to be released from the lien as they are sold.

Answer Options
A
A deed of trust that automatically covers any future property the borrower acquires
B
A deed of trust that provides 100% financing with no down payment
C
A deed of trust held by multiple beneficiaries who share the loan equally
D
A deed of trust that covers multiple properties as security for a single loan

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Related Topics & Key Terms

Key Terms:

blanket_deed_of_trustmultiple_propertiesdeveloper_financing

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