Lutecia James won’t stop her vendetta against Trump

[Robert W]

None of this has any relevance to the charges.

None of the loans were to build NY properties.

 

[Foxfyre]

So, when the alleged victim testifies, they loved the deal, only the Democrat prosecutors charge means something?

Search Assist

The bank, Deutsche Bank, stated that it followed its own guidelines when approving loans to Donald Trump, which included conducting "sanity checks" on the financial statements he provided. However, they did not conduct full appraisals and sometimes adjusted the values Trump reported, indicating that they viewed the information as subjective and reliant on estimates. PBS Yahoo

The value of anything we own can be subjective as to what it is worth to us vs what it is worth to anybody else. Banks adjust their 'rules' all the time to accommodate a good customer. When we bought our first house in New Mexico we still owned a home with a mortgage in Kansas--it took while to sell that house because of the value we put on it. That meant we didn't quite qualify for the loan on our new home.

The bank made the loan based on our excellent credit rating and our track record that we had been paying that house payment plus rent on our nice apartment for a year with no problem.

I'm sure Deutsche Bank knew Trump was good for the loan and probably did not follow all the rules that would have applied with an unknown borrower. That is neither dishonest or unethical or criminal in any way. It is simply doing business in a way that is win win for everybody., No victims. No harm. Absolutely no reason not to routinely do it.

But who has never sold something that didn't put the highest asking price reasonable on it? Who has ever put up anything for collateral that they didn't value it as much as they reasonably could?

And what bank accepts that collateral knowing that it is worth a fraction of what it actually is even before or without doing an appraisal? Any idiot, for instance, could look at Mar-a-lago and know the worth of that property--structures and land, far exceeded $18 million.



James and the judge engaged in unlawful lawfare for no other reason than to damage President Trump before an election. For that they should go to jail. But if not jail, for sure there should be consequences.

 

[JohnDB]

 

[struth]

So you’re saying the numbers have to represent present conditions. Right? You can’t assume things that haven’t occurred.

I am saying you are clearly too stupid to know what a salary is

Like it’s amazing

 

[buckeye]

His statement or financial condition was required by the bank. Obviously it mattered.

Not like the collateral. Again, you don't really seem to understand this. The bank knew full well what Trump was worth.

That’s a lie. You read dishonest media.

Lol. I'd put the media I read against yours ANYDAY. Here is an example of mine:

In his decision, Engoron — who is deciding the trial rather than a jury — cited a local Palm Beach County official saying the country club had been assessed at a range of between $18 million and $27 million between 2011 and 2021.

In the same decision, Engoron rejected Trump’s expert’s valuation that the Florida estate was worth $1.5 billion, finding the expert’s opinion “unexplained and unsubstantiated ‘dream[s.]'”

Industry experts were left scratching their heads at the Palm Beach assessor’s seemingly low estimation, claiming that the resort would list closer to $300 million.

Judge at Trump civil fraud trial implores media to stop saying he valued Mar-a-Lago at $18M

A judge deciding Donald Trump’s fate in a $250 million civil fraud case implored the media to stop saying he valued Mar-a-Lago at $18 million.

nypost.com

Why did Engoran use a govt estimate (always notoriously low and has NOTHING to do with market value) and not a real appraisal?

Their decision was based on knowingly false information.

Why don't you link to all the false information you're talking about. And leave MaraLago out. We already know Engoran was a politicized idiot when it came to that.

 

[jc456]

The properties in question weren’t used as collateral.

Did he get the loan?

 

[Robert W]

The value of anything we own can be subjective as to what it is worth to us vs what it is worth to anybody else. Banks adjust their 'rules' all the time to accommodate a good customer. When we bought our first house in New Mexico we still owned a home with a mortgage in Kansas--it took while to sell that house because of the value we put on it. That meant we didn't quite qualify for the loan on our new home.

The bank made the loan based on our excellent credit rating and our track record that we had been paying that house payment plus rent on our nice apartment for a year with no problem.

I'm sure Deutsche Bank knew Trump was good for the loan and probably did not follow all the rules that would have applied with an unknown borrower. That is neither dishonest or unethical or criminal in any way. It is simply doing business in a way that is win win for everybody., No victims. No harm. Absolutely no reason not to routinely do it.

But who has never sold something that didn't put the highest asking price reasonable on it? Who has ever put up anything for collateral that they didn't value it as much as they reasonably could?

And what bank accepts that collateral knowing that it is worth a fraction of what it actually is even before or without doing an appraisal? Any idiot, for instance, could look at Mar-a-lago and know the worth of that property--structures and land, far exceeded $18 million.



James and the judge engaged in unlawful lawfare for no other reason than to damage President Trump before an election. For that they should go to jail. But if not jail, for sure there should be consequences.

View attachment 1152861

Before I Retired, I spent many years first as a Real Estate Broker, meaning I owned my office and hired real estate agents. I learned a federal license was in the near future, so I went back to college to get credits to be a Federal licensed appraiser and after that chose to go, using my Brokers license to open offices making loans to customers to use to buy homes. This experience was valuable for this topic for me.

 

[Marener]

Not like the collateral. Again, you don't really seem to understand this. The bank knew full well what Trump was worth.

No, not like the collateral. But it still mattered.

The banks didn’t know about Trump’s lies but it looks like they probably assumed he was lying.

Lol. I'd put the media I read against yours ANYDAY. Here is an example of mine:

The NY Post is full of shit. Quote from the actual decision and not right wing tabloids.

Why did Engoran use a govt estimate (always notoriously low and has NOTHING to do with market value) and not a real appraisal?

He noted it in the decision by did not claim what it was actually worth. He did note the value Trump ascribed assumed that the binding covenant on the property was magically lifted which is a lie.

Why don't you link to all the false information you're talking about. And leave MaraLago out. We already know Engoran was a politicized idiot when it came to that.

Just read the decision.

 

[Foxfyre]

Before I Retired, I spent many years first as a Real Estate Broker, meaning I owned my office and hired real estate agents. I learned a federal license was in the near future, so I went back to college to get credits to be a Federal licensed appraiser and after that chose to go, using my Brokers license to open offices making loans to customers to use to buy homes. This experience was valuable for this topic for me.

So, I honestly haven't read the entire thread. In your opinion as a real estate expert, Trump did nothing illegal?

My husband was a senior insurance adjuster handling all manner of property losses for decades. One of his abilities was to do value appraisals of property for insurance purposes. He continued doing that, among other things, when we ran our own business offering insurance services.

Now an insurance appraisal is not as in depth as a real estate appraisal, but the values developed generally are usually not all that far apart.

It doesn't take a genius to see how other waterfront properties in the area of Mar-a-lago are valued to appreciate how ridiculous the judge was to make his own ridiculously low appraisal of Mar-a-lago with its elaborate structures and 17 acres of land.

 

[Robert W]

Trump hired appraisers but replaced their numbers with widely inflated values.

Just one small part of the fraud he perpetrated.

You are claiming the lender fraudulently approved loans, and the appraisers fraudulently over valued the property. It takes a gutsy appraiser to do that.

 

[jc456]

I wonder how that's even remotely legal.

It’s not

 

[Robert W]

So, I honestly haven't read the entire thread. In your opinion as a real estate expert, Trump did nothing illegal?

From what I know, this was a civil, matter not a criminal matter. Civil matters use a very low standard. So, thanks to the Banks testimony, Trump was railroaded. (The bank sided with Trump)

 

[Marener]

You are claiming the lender fraudulently approved loans, and the appraisers fraudulently over valued the property. It takes a gutsy appraiser to do that.

I don’t have any idea how you could get that from what I posted.

Trump hired appraisers but replaced their numbers with widely inflated values.

On one property, the appraiser told Trump it was worth $15 million. Trump wrote down $160 million.

 

[Foxfyre]

You are claiming the lender fraudulently approved loans, and the appraisers fraudulently over valued the property. It takes a gutsy appraiser to do that.

Especially when no appraiser and no banker was charged with anything. Banks are generally closed down or taken over when they do that. Not sure what happens to dishonest appraisers but I'm sure there are consequences.

 

[struth]

You are claiming the lender fraudulently approved loans, and the appraisers fraudulently over valued the property. It takes a gutsy appraiser to do that.

Youi are talking to a clown that doesn't even know what a salary is.

 

[Marener]

It doesn't take a genius to see how other waterfront properties in the area of Mar-a-lago are valued to appreciate how ridiculous the judge was to make his own ridiculously low appraisal of Mar-a-lago with its elaborate structures and 17 acres of land.

The judge did not make an appraisal for Mar a Lago.

 

[Edgetho]

I agree to disagree with you. I know and love too many democrats. I think they're emotional, uninformed, intellectually lazy when it comes to politics and have serious TDS but I don't think they're evil.

Yep, some democrats are, particularly their leaders and some donors.

That was a fascinating link, I appreciate that. I never knew about this. My grandmother was born in Germany and moved here in the 20's. She left 11 siblings there who were put in terrible positions by the Nazis. Most of them died, for one reason or another, because of that.

Again, your better nature just runs around loose inside you. Good on you.

But the National Socialists (Nazis to the uneducated) were The Will of The People in Germany at the time. They were unfamiliar with Capitalism, which is far too complicated for most societies to grasp. They didn't want the excesses, murders and evils of communism so they decided on a Third Way.

A mystical 'Third Way' was all the rage in those days (still is, get used to hearing it). communism was shown to be worse than the worst Absolute Monarchy, Capitalism required too much work and way too much self-reliance.... They wanted a Nanny State, to escape responsibility for their actions, along with a big Safety Net and Hitler promised all that. So did Mussolini. And Franco.

The German People CHOSE Hitler. They knew what he was all about... They heard his Anti-Semitic Rants, they watched his minions and saw what they did. They knew EXACTLY who Hitler was. Hitler was put into power in a democratic manner. He did NOT ride into town on top of a Panzer, he was democratically placed in power Peacefully.

I lost people in WW2, too. Including the Man (my Uncle) I am named after. My Father lost his eye at Cisterna, my Uncle had his Sub sunk with him in it (he survived but his sanity did not, he was a drunk for the next 30 years). We didn't suffer the losses Germany did but we also didn't start the War. dimocrap scum did. (ALL socialists, ALL communists are dimocrap scum at heart and Vice Versa -- FACT)

I have no patience with dimocrap scum voters. You vote dimcrap, you might as well be marching with the Anti-Semites at Hawvawd or burning Cities with Antifa and BLM or beating up old men at Abortion Clinics or putting Grandmothers in Prison for praying in front of one.

If someone votes dimocrap, they are enabling the Adam Schiffs, The Angry Sapphire Jasmine Crocketts, the AOCs and Ilhan Omars and Chcukie Schumers of the world.

And those that defend the people who vote for those scum? They are enabling the enablers.

 

[jc456]

I don’t have any idea how you could get that from what I posted.

It’s exactly what you said .

 

[Edgetho]

You are claiming the lender fraudulently approved loans, and the appraisers fraudulently over valued the property. It takes a gutsy appraiser to do that.

That very well may be the case. Good call.... But what does Trump have to do with any of that?

This was a Political Character-Assassination attempt. Period. No other explanation is possible. No other explanation is needed.... We ARE talking dimocrap scum, here... The absolute scum of the Earth

 

[struth]

The judge did not make an appraisal for Mar a Lago.

Of course he didn, he claimed Trump overvalued it by 2300%...it was one of the most alarming rulings of the case

https://www.cnn.com/2023/10/03/business/trump-fraud-judge-mar-a-lago

“From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million,” Engoron wrote in his ruling.

The judge noted Trump valued Mar-a-Lago at between $426.5 million and $612 million, “an overvaluation of at least 2,300%, compared to the assessor’s appraisal.”

But it’s widely known that the tax assessor valuation is typically, though not always, less than what a property would command on the open market.

In other words, it’s not an apples-to-apples comparison.

“Appraisal values and market values are just not the same thing. It’s a well-known fact,” said Eli Beracha, chair of the school of real estate at Florida International University. “That’s especially true for properties that are unique. And it’s very easy to argue this is a unique property.”


Just another example of why Trump was not given a fair trial in NY, or, just how incompetent liberals are.....could be both