Blanket Lien Definition

blanket encumbrance "Blanket encumbrance" means a trust deed or mortgage or any other lien or encumbrance, mechanic’s lien or otherwise, securing or evidencing the payment of money and affecting more than one unit in a condominium , or an agreement affecting more than one such unit by which the developer holds such condominium under an option, contract to sell or trust agreement .

Blanket lien is a lien that gives the lienee the entitlement to take possession of any or all of the lienor’s real property to cover a delinquent loan. It covers nearly all types of assets and collateral owned by a debtor.

The recordation of a tax lien perfects a lien on all of the taxpayer’s property, real and personal. It may attach even to retirement savings and 401(k) plans that are beyond the reach of other creditors. It is a statutory lien, so cannot be avoided in bankruptcy like judicial liens that impair an exemption.

objections consisting of counterclaims as defined in Fed.. subsequent cash collateral orders give them a blanket lien on all of Doctors.

Blanket Meaning This is not a lien in blankets: it refers to the term in most secured bank or SBA loans by. (“Personal” here means everything but real estate, NOT “personal” as .

According to 15 USCS § 1701 (7), [Title 15. Commerce and Trade; chapter 42. interstate Land Sales] the term blanket encumbrance means a trust deed, mortgage, judgment, or any other lien or encumbrance, including an option or contract to sell or a trust agreement, affecting a subdivision or affecting more than one lot offered within a subdivision, except that such term shall not include any.

Definition. A mortgage which creates a lien on two or more pieces of property. blanket mortgages are often used by individuals or companies that have more than one piece of real estate, and that want to take out a mortgage or second mortgage on the combined value of their properties. For example, a real estate developer with several undeveloped lots.

blanket-lien definition: noun (plural blanket liens) 1. (law) A (law) A lien that gives the lienholder the entitlement to take possession of any or all of the lienee’s real property to cover a delinquent loan. Definition of BLANKET LIEN in the dictionary.