What is mortgage property on monopoly

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What is the process of mortgages in the game of Monopoly?

In Monopoly, mortgages allow players to temporarily put their properties "on hold" in exchange for receiving cash. When a property is mortgaged, it cannot generate rental income or have any buildings constructed on it. However, the player still retains ownership of the property. To understand how mortgages work in Monopoly, let's break it down:

1. Mortgage Process:
   • Before mortgaging a property, all buildings on the property (houses or hotels) must be sold back to the bank at half their original price [1].
   • The mortgage value of each property is printed on the back of its Title Deed card [1].
   • To mortgage a property:
     1. Ensure there are no houses or hotels on the property.
     2. Turn the Title Deed card face-down.
     3. Collect cash equivalent to half the property's mortgage value from the bank [2].
     • You cannot mortgage a property that has houses or hotels on it. These buildings must be sold back to the bank before mortgaging [2].
     • No rent can be collected on mortgaged properties [2].
     • To lift a mortgage and regain control of the property, you must pay the mortgage amount plus 10% interest to the bank [2].
     • The player who mortgaged a property keeps possession of it, but the Title Deed card is turned over to indicate it is mortgaged [2].
     • Mortgaged properties can be sold to other players [2].
     • New owners of mortgaged properties can choose to unmortgage immediately by paying the mortgage amount plus 10% interest or later by paying the mortgage amount plus 20% interest [2].
     • Mortgaged properties cannot generate rental income or have buildings constructed on them [2].
     • If a player lands on a mortgaged property, no rent is due [2].
     • If a player owns a complete color group and one property is mortgaged, they can still charge double rent on the unmortgaged properties [2].
     1. 42749 Rules Monopoly - Hasbro
     2. Monopoly Mortgage Rules - A Simple Explanation
     3. Mortgage | Monopoly Wiki | Fandom