What is your opinion on selling a property mortgaged to a real estate bank?
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The questioner : Noble Shaykh, what is your opinion on selling a name in the real estate fund, with or without an offer?
The Shaykh : A property mortgaged to a real estate bank is not permissible to sell, neither for an offer nor for dirhams, because the right belongs to the mortgagee. However, if they permit it, there is no harm. They are currently permitting it; that is, they permit a person to sell this mortgaged house to the Development Fund, but with conditions. Therefore, these conditions must be reviewed. If they have been fulfilled, it is sold and there is no blame; otherwise, it remains a pledge.
The questioner : Do you mean before the renovation?
The Shaykh : No, before the renovation it is not permissible. Before the renovation, it is not permissible. If he is in need, let him take it and renovate it. If he is not in need, he should leave it, because there are thousands of people who want it.
The Shaykh : A property mortgaged to a real estate bank is not permissible to sell, neither for an offer nor for dirhams, because the right belongs to the mortgagee. However, if they permit it, there is no harm. They are currently permitting it; that is, they permit a person to sell this mortgaged house to the Development Fund, but with conditions. Therefore, these conditions must be reviewed. If they have been fulfilled, it is sold and there is no blame; otherwise, it remains a pledge.
The questioner : Do you mean before the renovation?
The Shaykh : No, before the renovation it is not permissible. Before the renovation, it is not permissible. If he is in need, let him take it and renovate it. If he is not in need, he should leave it, because there are thousands of people who want it.