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What else can I help you with?
Can you sell mortgaged property to the bank in Monopoly?
No, you cannot sell mortgaged property to the bank in Monopoly.
Can you sell your property back to the bank in Monopoly?
In the game of Monopoly, you cannot sell your property back to the bank. Once you own a property, you can only sell it to another player during the game.
Can you sell property back to the bank in Monopoly?
Yes, in Monopoly, you can sell property back to the bank at half of the original purchase price.
What happens to the property if a property does not sell at the auction or Trustee's Sale?
If a home does not sell at auction it goes back to the trustee....(The bank / Lender). Typically the property transfers back at the starting bid...so in actuality it did indeed sell.
After deed in lieu what happens to the property?
Your lender bank obtains the title of the property and appoint a real estate agent to sell it.
Can a bank sell a property with a caveat on it if not what can they do?
A bank generally cannot sell a property with a caveat on it without resolving the caveat first, as the caveat indicates a claim or interest in the property that must be addressed. The bank can seek to negotiate with the party who placed the caveat to have it removed or resolved. Alternatively, they may pursue legal action to challenge the validity of the caveat if they believe it is unjustified.
Can the bank legally sell a home in forclosure for more than What is its legally worth?
The bank can sell the property for any price they can get for it. No one is going to be willing to pay more than it is worth.
Can you sell properties back to the bank in Monopoly?
Yes, in Monopoly, players can sell properties back to the bank at any time during their turn for half of the property's original purchase price.
Why would a bank hold a property for 5 years and not try to sell it?
The market may be bad for getting a good offer to purchase. There may be problems with the property. You would need to ask the bank.
In Real estate what does the term deed instead of foreclosure mean?
If the bank is about to foreclose on your property, you may be able to make a deal with them. Instead, of have them having to hire a lawyer and pay him several hundred dollars an hour and go to court and pay court costs and have the sheriff sell your property on the court house steps, you will simply sign a quit claim deed. You will sell the bank your property for $10. You will not have a foreclosure on your record. The bank will not have to pay a lawyer and court costs. You will have a tremendous loss on your property and not give the bank a gift so the IRS can not claim you gave the bank a valuable piece of property. You move out without having the cops throw your property out on the street.
Can you sell back houses in Monopoly?
In the game of Monopoly, players cannot sell back houses once they have been purchased and placed on a property. Once a player buys a house, it stays on the property until they decide to sell it to the bank or upgrade to a hotel.
Can a person who owes on property to a bank divide that property and sell to family member but then default on original loan and be able to still keep that small piece of property that was split?
No. The mortgage follows the whole property and it would all be foreclosed for non-payment. The bank would need to agree to release it lien on the property being transferred for you scenario to take place.
