Definition: a mortgage provision under which the mortgagee agees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money
Pronunciation: \ˈpär-shəl\ \ri-ˈlēs\ \ˈklȯz\
Used in a Sentence: A partial release clause is frequently found in tract development construction loans.
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What are your plans for 2025? Now, if you're thinking, "It's only October," you're absolutely right! It's October 4th, and believe it or not, there are only 89 days remaining...
How to Start a Full-Time Real Estate Career in Florida Thinking of embarking on a real estate career in the Sunshine State? Florida presents lucrative opportunities for real estate professionals...
How to Start a Full-Time Real Estate Career in Florida Thinking of embarking on a real estate career in the Sunshine State? Florida presents lucrative opportunities for real estate professionals...
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