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What happens if a player lands on another player's mortgaged property in Monopoly?
If a player lands on another player's mortgaged property in Monopoly, they do not have to pay rent, as mortgaged properties do not generate income. The owner of the mortgaged property can still unmortgage it later by paying the mortgage value plus interest, but until then, it does not collect rent. Players can still trade mortgaged properties, but the mortgage status must be disclosed.
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What happens to mortgaged property in Monopoly when you lose the game?
When a player loses the game of Monopoly, their mortgaged property is returned to the bank and can be bought by other players.
What happens if you roll doubles in Monopoly and land on a property that is already owned by another player?
If you roll doubles in Monopoly and land on a property that is already owned by another player, you do not have to pay rent to the owner.
What happens if you land on your own property in monopoly?
nuthing idiot
What if you roll doubles in Monopoly, what happens next"?
If you roll doubles in Monopoly, you get to take another turn.
What happens if you land on someone's property in Monopoly and they don't notice?
If you land on someone's property in Monopoly and they don't notice, you still owe them rent. It is your responsibility to remind them and pay the correct amount.
What happens during a property foreclosure?
During a property foreclosure, the lender sells one's mortgages house and use the sales proceeds to pay off the outstanding balance on the mortgaged loan.
What happens when a player rolls a double in Monopoly?
When a player rolls a double in Monopoly, they get to take another turn immediately.
What happens to a promissory note if the creditor takes title to real property?
Real property can only be encumbered by a mortgage and not by a promissory note. A promissory note has no effect on real property it is only evidence of a loan. If the mortgagee acquires title to the mortgaged property the title merges and the mortgage is extinguished.
What happens if you roll doubles in Monopoly?
When you roll doubles in Monopoly, you get to take another turn. If you roll doubles three times in a row, you go to jail.
What happens when you roll doubles in Monopoly?
When you roll doubles in Monopoly, you get to take another turn. If you roll doubles three times in a row, you go to jail.
What happens upon death of owner of mortgaged property placed in living trust?
I think the key word here is "LIVING" trust. Once a person passes away so does the trust...the Will should determine what is to be done with the property. If no Will is in place..his or her heirs will have to battle it out. Seek advice from an attorney.
My husband purchased a home then added my name to the deed. Now we are in the process of foreclosing. What happens to my undivided half interest?
If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject to the mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject tothe mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject tothe mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject tothe mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.
