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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.
What is the disadvantage of a caveat on a property?
A caveat on a property can restrict the owner's ability to sell or refinance the property, as it serves as a legal notice that someone claims an interest in it. This can complicate transactions and may deter potential buyers or lenders. Additionally, resolving a caveat can be time-consuming and may require legal intervention, which can incur costs and delay property dealings.
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.
What is the difference between selling and caveat?
Selling is to transfer property in exchange for good, money or services. Caveat is a Latin word for warning or caution.
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.
