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when its your turn you can mortgage a property so long as you own the property and it has no houses or hotels on it. to mortgage it you just flip the card over and take from the bank however much it says the mortgage is worth (this is always half the value of the street). people who land on your street when it is mortgaged do not have to pay the rent. you can unmortgage your street when it is your turn again and if you sell or trade the street to another player when it is mortgaged then that player must adopt the mortgage and pay it themselves.

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14y ago
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12y ago

A morgage is a kind of sale of a property to the bank. To initiate a mortgage, turn the title deed card upside down. The bank pays you half of the original purchase price. You can un-mortgage a property later by paying the bank back the same amount plus some interest. I am unsure of the amount of interest.

You cannot collect rent on mortgaged properties.

You can't mortgage a property that has houses or hotels on it.

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12y ago

On the back of your property card you will see a Mortgage Amount (MA). To mortgage a property flip it over, and take the MA from the bank. If someone lands on the mortagaged property, they do not have to pay rent. However, when you own all the properties in one color, you double the original rent on the property card; even if one of the cards in the set of one color is mortgaged, the rent is still doubled (remember though, you do NOT collect rent on the actual mortgaged property).

To un-mortgage a property, flip it back over and pay the MA back to the bank; also add 10% interest on the money you pay back to the bank. Then you can go back to using your property as normal.

P.S. You can trade/sell a mortgaged property to another player. The property stays mortgaged though. As soon as they get that property, they must pay 10% interest of the MA to the bank EVEN if they DON'T want to unmortgage the property yet. If they elect to just pay the interest, but not the MA, the property stays mortgaged. Then when they want to un-mortgage it, they must pay the MA as well as another 10% in interest.

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14y ago

You can no longer collect rent if someone lands on it.

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15y ago

No that i know of No I don't think so

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13y ago

no

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Q: How long can you mortgage property in monopoly?
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In the game of monopoly can you mortgage property when you have houses on other properties you own.Or do you have to sell back houses and hotels to the bank before you can mortgage any property?

no you just keep the houses and mortage your property its in the offical rules of monoply menual


How do you unmortgage property in monopoly?

once it is your turn than you are able to unmortgage your property the price for your mortgage house will be on the back of the card and if there are any other problems just read the instruct book.


Are adult children liable for parents mortgage debt?

No, not as long as they didn't co-sign the mortgage. However, if the parents have died and their property is subject to a mortgage the lender will foreclose on the property if the mortgage isn't paid. If the heirs want to keep or sell the property they must keep the mortgage payments current.


Can a home be foreclosed on when the mortgage is in a different name from What is on the deed?

Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.


What most expensive property British monopoly?

Mayfair is the most expensive property in British Monopoly.


Is your property in Michigan exempt if you do not pay your mortgage in Florida?

Your property in Michigan would not be affected by your mortgage in Florida.Your property in Michigan would not be affected by your mortgage in Florida.Your property in Michigan would not be affected by your mortgage in Florida.Your property in Michigan would not be affected by your mortgage in Florida.


What is the difference between renting a property and having a mortgage?

The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.


Who has a mortgage?

Property and/or homeowners have a Mortgage


Are mortgage companys the fee simple titleholder?

No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.


Can you use the money made on an investment property to refinance your primary property into an investment property?

You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.


How long can you stay in house after trustee abandons property?

You can stay as long as you keep making the mortgage payments.


Which monopoly property is more expensive?

The most expensive property on the UK Edition of Monopoly is Mayfair, costing £400