Editing Illuminopoly (section)

== Mortgages == 

Any unimproved property may be Mortgaged to the Bank for its listed Mortgage value. However, the Bank's Chair automatically Subverts the properties and places his counters on them. The properties remain subverted to whoever is Chair of the Bank until they are unmortgaged, at which point they automatically revert to the owner. Before an improved property (one with houses etc) can be mortgaged, the buildings must be sold off (see above).

In order to lift the mortgage, the owner must pay the Bank (not the Chair, unless there is a separate Banker player) the amount of the mortgage plus 10% interest. Only when all properties in a monopoly are unmortgaged may buildings be bought again, at full price. 

The player who mortgages his property does not collect Rent on it, in addition to it being Subverted. If someone tries to Takeover the property, the Bank Chair will put up enough money to automatically block it (since it is under his control while mortgaged). The player who owns the mortgaged property may also sell it, and the buyer must pay off the mortgage plus 10% interest. If he waits to pay the mortgage, he must pay an additional 10% interest to the Bank.

The obvious benefit here of being the Chair of the Bank Board is that you retain control of properties under mortgage, even though you don't collect the Rent, and you can prevent Takeovers. However, should you go to Jail or otherwise lose the Chair, all mortgaged properties are now controlled by the new Chair (an eloquent argument against mortgaging all your properties as proof against Takeover).

If there is a Banker Player, he can win by collecting enough properties via Mortgage.