Timeline for Do you still pay 10x the dice when getting the chance card that takes you to the nearest utility if the property is mortgaged?
Current License: CC BY-SA 3.0
22 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 22, 2017 at 9:46 | comment | added | Jerry Tin Can | I didn't met properties that are literally sold but in order for mortgaged to work, 50% is given as loan and the property with deed will be sold half for 50% loan. Its like a collateral tbh, and mortgaging a property is 50% of price. | |
| Apr 21, 2017 at 15:02 | comment | added | GendoIkari | @JerryTinCan When the rules (and the wiki) say "sold to the bank", they are talking about buildings on the properties, NOT the properties themselves: "Before an improved property can be mortgaged, all the buildings on all the properties of its colour-group must be sold back to the Bank at half price." Nothing about selling the property; only the buildings on the properties. | |
| Apr 21, 2017 at 8:17 | comment | added | Jerry Tin Can | Even look at mortgage's meaning.Mortgage - a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt. | |
| Apr 21, 2017 at 8:07 | comment | added | Jerry Tin Can | Update: that info that your calling irrelevant came from the OFFICIAL GAME RULES! check it here my friend:richard_wilding.tripod.com/monorules.htm#mortgages | |
| Apr 21, 2017 at 8:03 | comment | added | Jerry Tin Can | And how can monopoly wiki is irrelevant? Now I'm sorry man but, it clear that it states facts on that page. So you're also saying details in pages there are irrelevant? Now that is quick judgment, have you even checked their pages? Monopoly wiki isn't a fan made or fiction. Its is based on rules of monopoly. | |
| Apr 21, 2017 at 7:56 | comment | added | Jerry Tin Can | Well party is sold for loan and im technically right there. It is still sold for 50%. | |
| Apr 21, 2017 at 5:54 | comment | added | Nij | If you're not using the word sold to mean a transfer of ownership in exchange for consideration, stop using that word. Mortgaged properties are not sold! Monopoly Wiki is not the official rules; they are just as irrelevant as every other source or description you've used. Please, learn the correct definition of the words you are discussing, and learn the difference between the contexts that are involved here. | |
| Apr 21, 2017 at 5:23 | comment | added | Jerry Tin Can | Im not reffering sold as you gave it away to the bank, mortgaged properties were sold for 50% percent in this game and then bank gives you loan of that 50%. Plus later on when you're ready to pay it you will get 10% interest on it. | |
| Apr 21, 2017 at 5:15 | comment | added | Jerry Tin Can | Unimproved properties can be mortgaged through the Bank at any time. Before an improved property can be mortgaged, all the Houses and Hotels on all the properties of its color-group must be sold back to the Bank at half price. The mortgage value is printed on each Title Deed card. Once mortgaged, the deed card is turned face-down, until the mortgage is lifted. No rent can be collected on mortgaged properties or utilities, but rent can be collected on unmortgaged properties in the same group. | |
| Apr 21, 2017 at 5:07 | comment | added | Jerry Tin Can | Check on monopoly Wiki about mortgage, it states it is sold back to the bank. For 50% of that properties price. | |
| Apr 21, 2017 at 4:08 | comment | added | Nij | No, the bank does not own the property. The entire point is that it's mortgaged, not sold. You still own it - nobody else is able to buy it from the bank. You owe a debt for which the property is collateral, and therefore in the rules you may not collect rent on it. The rules for an electronic form are totally irrelevant: for many games they are simply wrong or not correctly implemented, and they are not the rules for the board game which is under question here. | |
| Apr 20, 2017 at 5:04 | comment | added | Jerry Tin Can | If you're somewhat confused with the title deed part, I'm sorry I suck at grammar if you think it was incorrect its okay that was to give idea anyways but this is was I meant to point out. That was to add sense btw, but what the point there is that when you mortgaged a property, you lose ownership because 50% of the price is given to you as loan from the bank. And what I meant on lose of ownership the bank takes your property until you payed the debt. So the card says "if owned" and you can't own something mortgaged from the bank. Its not your property, bank does. | |
| Apr 20, 2017 at 4:54 | comment | added | Jerry Tin Can | The bank does own your property when mortgaged. Because it was sold for 50% of the price in the game. The title deed was to make sense on what happens to it when mortgaged. If this understanding is not applicable? How come Hasbro did??? Technically you're not an owner of that property when its mortgaged, try it on monopoly android or even in monopoly plus, even ubisoft applied this. And my base on owning a property is from the game. I said you buy a property with a deed(just an add on to my explanation). But I just want to emphasize what happens to your ownership when it becomes mortgaged. | |
| Apr 20, 2017 at 0:27 | comment | added | Nij | Your reasoning is based on what "owning a property" means in the real world. 1: your understanding of what "owning a property" means is wrong, especially when it comes to mortgages, 2: this understanding from the real world is not applicable to the game. You are making statements about something that can be objectively determined, so it being an opinion is irrelevant, your response is simply not a valid answer. | |
| Apr 20, 2017 at 0:20 | comment | added | Jerry Tin Can | @ Kevin what part doesn't make sense. I'm sorry for my grammar, I'm awful to be honest. | |
| Apr 20, 2017 at 0:18 | comment | added | Jerry Tin Can | @Nij but the rules in game and the game is different from the real world. I get that but, I was referring to the word OWNED I added those word to add sense why we are not supposed to pay it. If you don't agree with me, I'm not forcing you. This is just an opinion. Because for me there's no reason to pay a property that is mortgaged. | |
| Apr 19, 2017 at 13:09 | comment | added | Kevin | You're logic doesn't really makes sense. If we go by it, then the property is not owned, and I can then buy the property from the bank. | |
| Apr 19, 2017 at 3:17 | comment | added | Nij | The use of a word in a board game may not (and in the case of Monopoly, certainly does not) correspond to its legal or industrial definition in the real world. This applies both to mortgage (which you have totally wrong) and to deed (which you have ignored the statement on the Chance card to focus on). | |
| Apr 19, 2017 at 2:16 | review | Late answers | |||
| Apr 19, 2017 at 7:34 | |||||
| Apr 19, 2017 at 2:13 | history | edited | Jerry Tin Can | CC BY-SA 3.0 |
More proof
|
| Apr 19, 2017 at 1:58 | review | First posts | |||
| Apr 19, 2017 at 14:11 | |||||
| Apr 19, 2017 at 1:54 | history | answered | Jerry Tin Can | CC BY-SA 3.0 |