How is a property mortgaged in Monopoly?

How is a property mortgaged in Monopoly?

Before an improved property can be mortgaged, all the buildings 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. In order to lift the mortgage, the owner must pay the Bank the amount of the mortgage plus 10% interest.

What is the point of mortgage in Monopoly?

When a player lands on a mortgaged property, the owner may immediately unmortgage the property by paying the mortgage value plus %10 interest. If the owner does not do this, the player may purchase it by paying the player the mortgage value and the bank the mortgage value plus the %10 interest.

Do you have to wait your turn to buy houses in Monopoly?

If a player wishes to buy a house/hotel for a property, it is not necessary to wait for their turn. The player can buy houses/hotels even if it is not their turn. The player does not need to be on the property they wish to put the house/hotel on.

What happens when you have no money in Monopoly?

When playing, what if I don’t have enough Monopoly money to pay another player? You pay the opponent everything you can up to the required amount. If you do not have enough, the opponent only gets what you can give them from the cards on table in front of you and they are out the remaining amount.