Do you have a sample of a blanket mortgage with release caluses.
I am obtaining 15 properties with owner financing and want to blanket all 15 properties with a release clause for each one. I don’t remember the wording and would like to see a blank copy to get me started. I know my attorney should know but I would like to make sure I am in a good position.
Thank you for your question Rodney. We don’t have a sample of a blanket mortgage with release clauses but here’s a link to our article on blanket mortgages and a link to one of our preferred lenders CoreVest who offers blanket mortgages and may be able to further assist you.
Best of luck.