New York Attorney General takes initial step to prepare to seize Trump assets

Because there are no simple answers? You have posted your opinions. We have posted ours. That is how this forum works.

 

You are 100% correct. Real estate valuation, especially commercial real estate valuation from an owner is opinion. That is until you start using data metrics to show what the market will support. One of the most used is income approach for commercial properties.

The issue isn’t overstating value — it’s submitting fraudulent documents to obtain said value.

This is why this entire case began because there was testimony that trump made his staff alter this numbers. Aka fraud

Should a court not be able to try an individual running for president? And where was this concern with Hillary?

 

How real estate is valued is an opinion
Bank fraud statutes are not opinions

 

The premise of your question, Trump, is false.

I apply at the bank and list my square footage as 2500 sq/ft because my slab includes and and open carport, the bank says no we will only use the 2000 sq/ft heated and cooled and the bank determines how much it will lend me and says $200,000. Years later can the county DA take me to court and claim I engaged in a fraud and fine me $200,000 and instruct me to pay it within 30 days or have my house seized and sold even before I can appeal it?

ALL numbers that are discussed and negotiated in the loan between the two parties and covered by the disclaimer on EVERY application. As each of the lenders testified they used THEIR OWN assessments as is their FIDUCIARY DUTY. It doesn't matter what figure Trump put down the LENDER USES THEIR OWN.

Now justify the size of this award which appears by all measures intended to ruin him financially and effect the campaign and his ability to run for office.

 

Interesting questions...

Cool...

Sounds GOOD!
Hopefully, this plan of action works to destroy Trump financially! *fingers crossed*

 

Oh I know that is what is it's purpose from the get go. These DA's ran for office on a get Trump on something ANYthing platform. It just astounds me how those on the left and even anti-Trumpers (and no I am not a big support of the man and didn't vote for him in the primary as fleeting as that was he won overwhelmingly) on the right don't think some of these things through.

I don't know and I haven't heard many legal experts be able to say exactly what will happen if James goes through with this and locks the doors on any of the properties. In the immediate that means what happens to the property of the people who own or co-own space in the building. Is the State of New York their new business partner? What happens to their contracts? What happens to people who have leases with Trump International which no longer owns the building, how valid are those leases? Does James have some kind of insurance lined up with the State of New York listed as the responsible party ready to go.

I mean it gets mind boggling this can of worms she is about to open if she goes through with it.

With the state of affairs in NY both city and state....................I wait to see what happens with all the other investment in both and companies that headquarter there.

 

That you keep acting like commercial property and residential property are valued similarly shows a lack of comprehension of the topic.

If you want to look at residential fraud — it would be like you telling a buyer on a sellers disclosure that you had a full waterproofing membrane installed in the basement and all asbestos remediated.

Yes, you might be involved in a lawsuit eventually

 

They are valued just like all real estate, in the market place according to type and purpose and BY THE LENDING INSTITUTE. No it is not like declaring about construction materials and the lending institute does it's own INSPECTION TOO.

ALL numbers that are discussed and negotiated in the loan between the two parties and covered by the disclaimer on EVERY application. As each of the lenders testified they used THEIR OWN assessments as is their FIDUCIARY DUTY. It doesn't matter what figure Trump put down the LENDER USES THEIR OWN.

Now justify the size of this award which appears by all measures intended to ruin him financially and effect the campaign and his ability to run for office.

 

Commercial real estate, especially income producing real estate — is NOT valued the same way as residential real estate.

The primary method of valuation for residential property is the sales comparison method, the primary method of valuation for commercial real estate is the income cap approach (which they lied about), value per sq ft (which they lied about) and grm (which they lied about)

You cannot put a disclaimer on a form that has direct numbers (such as income)

He has it in cash — he just said so. How is this going to ruin him?

Should someone be exempt from legal action because they are running for office?

 

That is the least of my concerns..

 

Absolutely NOT !!

 

I know, until it’s too late.

 

You forget to mention that Trump was also convicted of defrauding insurance companies.

I guess that's legal too?

 

They don't care what he does & to whom. If he does it then either its OK or they pretend it didn't happen. Laws don't apply, let alone morals or any other standards.

 

I don't believe it.

@Bluesguy has assured me that he's a defender of the Constitution.

Surely he must have a reason why he's defending Trump, against all logic, when he's been arrested 4 times on criminal charges and just lost three civil lawsuits in less than 6 months....

 

What insurance company said they were defrauded and what settlement did they get?

 

They are BOTH subjective. If I apply for a loan and tell the bank I think my house is worth $1,000,000 and they say nope we think $500,000 and that is what we will lend you I have not committed a crime. And yes those disclaimers clearly state as is SOP their numbers should only be taken as their subjective assessment the bank and lender has the fiduciary duty to do their own and if you ever bought a piece of real estate you would know that.

Should they become a target for an opposition local prosecutor?

 

No. Now what proof do you have he PURPOSEFULLY lied as opposed to errors as testified by one of the leading forensic accountants in NY? Along with the several of examples he provided of other businesses having those same sorts of issues.

Don't worry I'll wait for you to answer my simple question. Since, you know, you're so hard up for people to do that lol

 

I like it.

So, by your own standards, Trump assaulted E Jean Carroll.

And you still support him....

 

True but there was no fraud because nobody was defrauded. You can say this over and over and it won't change reality,

 

Exactly. Ethics , laws, and standards don't factor in , in their "loyalty" to him. He might as well be a dictator now......as his loyalists are that fanatical about him. They live in a reality of opposites. It is actually quite crazy....to put it bluntly. Many have adopted his mindset and thinking. When they will do whatever he asks/ insinuates / suggests.........there is a problem. ( as it suggests they will follow him , no matter what he does or says )

 

You keep showing you don’t understand what is being discussed by acting like this is a simple valuation of residential real property.

No — but that’s what happens when you flaunt fraud

 

There is a victim, even if they say they are not so they can keep doing business with him.

Let’s watch what happens in the court then as just repeating the same thing back and forth is all so tiresome — will you accept the result?

 

Yes their is

C’mon man….

Do some reading on Trump Casinos….if you inflate the value of something, and you have investors, you are defrauding the investors. You cant tell someone (or a bank) that the value of your building is worth $100 Million, when in reality its only worth $50 million, and you get investors to invest, they are investing on $100 million, you are defrauding them on the value because if everything fails their arent any assetts worth that value…... Now in Trump Casino case, the casino DID go under, but not before Donald sold and got his money, and then everyone else lost….

This is NOT a victimless crime.

 

And THAT is the KEY question...........(to all T supporters ) Yes...IF the courts FAVOR Trump. NO if they don't.