Overvalued Real Estate - Is Latisha James Playing With Fire in Trump matter?

[Kilroy2]

Who was defrauded?

Its against the law. It provides protection. Applying fuzzy logic that the bankers should have none is not the case. The issues is bankruptcy and who is holding the bag.

Yes unless Trump goes bankrupt then it probably is not a problem with the bankers as long as he makes the payments.

Trump had at least 4 casinos go under and how can we forget Trump air.

Who do you think was holding the

6 Corporate Bankruptcies​

The Details About the 6 Donald Trump Corporate Bankruptcies

Find out which of Donald Trump's companies went bankrupt. See how many times Trump has sought bankruptcy protection for his ventures.

www.thoughtco.com

 

[CrusaderFrank]

He could have said it but when he filled out loan documents which does require an accurate appraisal then it is a different scenario . Appraisal are done by professional and not the owner who gives a figure that he THINKS is correct. They can overinflated the value easily.

So he can broadcast to the world what he thinks the value is!

But when applying for a loan he should get it appraised by professionals. Just because he may not like the figure is no reason to ignore it.

A value he believes to be true because it will get him favorable loans. Mortgage and real estate fraud is a crime in all the books.

If trump used figures in a loan application based on what he believes , yet when it is appraised at a lower value by a professional appraisal agency then he ends up where he is at. In court.

Property owners can say; what they think the value of the property is.

When doing business, they need to be accurate and its best to use professionals.

rich guy like trump can afford to pay someone.

Trump has had 4 failed casinos, failed airline

Though he has acknowledged mistakes in piling crippling debt on Trump Hotels and CasinoResorts, Donald Trump has steadfastly maintained that his resorts were the best-run and highestperforming casinos in Atlantic City.

yet went bankrupt

https://docs.house.gov/meetings/JU/JU00/20200929/111078/HMKP-116-JU00-20200929-SD002.pdf

This but one example and there are plenty more

I will tell you this only one time: the banks hire their own appraiser to value the property.

Do you understand that?

 

[Kilroy2]

I will tell you this only one time: the banks hire their own appraiser to value the property.

Do you understand that?

Do u understand that you just stated your opinion. Do u understand that Trump has multiple properties and it is not about what a bank decides, it is about the law. The law is clear. If you don't believe it then it really doesn't matter. There is a trial going on. IF trump loses then it in the books.

Having opinion is what you can have but it has no place in reality. Well unless your a judge. They have opinions all the time.

 

[Admiral Rockwell Tory]

Its against the law. It provides protection. Applying fuzzy logic that the bankers should have none is not the case. The issues is bankruptcy and who is holding the bag.

Yes unless Trump goes bankrupt then it probably is not a problem with the bankers as long as he makes the payments.

Trump had at least 4 casinos go under and how can we forget Trump air.

Who do you think was holding the

6 Corporate Bankruptcies​

The Details About the 6 Donald Trump Corporate Bankruptcies

Find out which of Donald Trump's companies went bankrupt. See how many times Trump has sought bankruptcy protection for his ventures.

www.thoughtco.com

Who is the victim? He did not go bankrupt on any of these charges.

That's like the lady was sitting reading in a boat on a lake. The game warden came by and wrote her a ticket for fishing without a license. When she claimed she was simply reading, he said that she had all of the poles, nets, and other equipment in her boat to fish and would receive a ticket. She then stated that she would be charging him with rape. When he inquired, she then explained he had all of the equipment necessary!

 

[Wild Bill Kelsoe]

The better question is what is mortgage or property fraud. If you take the time , you will find the answer. It is not just fraud.

yet it is a mistake to believe that NY is prosecuting Trump based on no fraud or that they can't prosecute him on fraud.

Mortgage fraud is a non-violent, white collar criminal offense perpetrated against or by a bank, lienholder, or other financial institution. Mortgage fraud can involve the use of fraudulent means to obtain or secure a mortgage loan that is larger than your financial situation can honestly afford. Mortgage fraud can also involve any use of false pretenses, misleading statements, or fraudulent transactions to improperly obtain money, assets, or items of value from a bank or lending institution


New York Penal Law Section 187.05 criminalizes mortgage fraud, making the offense a felony any time more than $1,000 in money is taken as part of a fraud scheme and a misdemeanor
if fraud schemes involve less than $1,000. Defendants can also be charged with other related offenses depending upon the kind of mortgage fraud they have been accused of participating in.


Mortgage Fraud Attorney: Penalties, Charges in New York.

The bank hasn't made any complaints about fraud.

So, where was the fraud?

 

[JBG]

I will tell you this only one time: the banks hire their own appraiser to value the property.

Do you understand that?

The honorific for a qualified appraiser is Member of the Appraisal Institute or MAI. Wags class that "made according to instructions."

 

[Winco]

No "crime" at all, everyone got paid on time and in full....Nothing burger.

You trump Bootlickers are Special, Orangeman can do NO wrong.

Who was defrauded?

C'mon dude.
You really gonna accept this FRAUD from trump because you voted for trump.
Sorry, If you are NOW going to claim that you didn't VOTE for trump, then tell US why you are ACCEPTING this Fraud by trump.

You Rock Tory....>LOLLLOLLOLL.....Fucking Fraud.
Please Defend trump>>>>>>>>>>>>> go.

 

[CrusaderFrank]

The honorific for a qualified appraiser is Member of the Appraisal Institute or MAI. Wags class that "made according to instructions."

The Appraiser works FOR THE LENDER, NOT FOR THE BAD ORANGE MAN

 

[Arlette]

Latisha James, NY Attorney General is engaged in a highly publicized fraud trial against Donald Trump. My own views on Trump are strictly neutral. I feel that Mar a Lago (sp) is not the only overvalued real estate in the country. My guess is that almost all high-end property is way overvalued.

The only way these properties change hands is in highly complex, highly leveraged transaction. Only a lunatic or eccentric would pay real money for most commercial or high-end resort properties such as Mar a Lago.

If Latisha James wins, it would expose the fact that most real estate is highly leveraged and their titular "owners" have little or no equity. If the values dropped to fair salable values, the properties would instantly have huge negative equity and face foreclosure. There would be no cash market for most of these properties. If Latisha James wins, could she trigger a depression by winning?

Latisha James already won. Trump was found guilty of fraud.

 

[g5000]

Latisha James, NY Attorney General is engaged in a highly publicized fraud trial against Donald Trump. My own views on Trump are strictly neutral. I feel that Mar a Lago (sp) is not the only overvalued real estate in the country. My guess is that almost all high-end property is way overvalued.

The only way these properties change hands is in highly complex, highly leveraged transaction. Only a lunatic or eccentric would pay real money for most commercial or high-end resort properties such as Mar a Lago.

If Latisha James wins, it would expose the fact that most real estate is highly leveraged and their titular "owners" have little or no equity. If the values dropped to fair salable values, the properties would instantly have huge negative equity and face foreclosure. There would be no cash market for most of these properties. If Latisha James wins, could she trigger a depression by winning?

I have a 30,000 square foot apartment in Trump Tower to sell you. Cheap! Only $227 million.

 

[g5000]

Donald Trump claimed his 11,000 square foot apartment was 30,000 square feet and worth $227 million.

Let me show just how completely bogus both halves of that lie are.

Here is a NYC apartment that is 14,500 square feet. Total value: $40 million.



Here is a NYC apartment that is at a far superior location than Trump's. It is on Billionaire's Row and was built in 2021.

It is 6,512 square feet and valued at $54,600,000.

 

[g5000]

So...yeah. Good luck selling an old 11,000 square foot apartment for $227 million.

 

[Muhammed]

Anything that is bad for Trump is good for America.

I doubt most property owners did what the Trump Organization did, which was deliberately lie about the value of their properties.

Can you directly quote the alleged lie and prove it is a lie, or are you just spewing shit again as usual?

 

[Kilroy2]

The bank hasn't made any complaints about fraud.

So, where was the fraud?

Bank does not have to file a complaint about fraud. It is not required.

Indictments are done by a grand jury, prosecuting attorney, or citation of a police officer based on the evidence that a crime has been committed.

The fraud is based on the law. The law does not say that there must be a complaint filed. People can file complaints but it still up to the state if it is prosecuted.

The law is Mortgage fraud can involve the use of fraudulent means to obtain or secure a mortgage loan that is larger than your financial situation can honestly afford. Mortgage fraud can also involve any use of false pretenses, misleading statements, or fraudulent transactions to improperly obtain money, assets, or items of value from a bank or lending institution


New York Penal Law Section 187.05 criminalizes mortgage fraud, making the offense a felony any time more than $1,000 in money is taken as part of a fraud scheme and a misdemeanor
if fraud schemes involve less than $1,000. Defendants can also be charged with other related offenses depending upon the kind of mortgage fraud they have been accused of participating in.

All that is needed is an indictment from the grand jury or the prosecutor can file that alleges a crime has been committed.

the bank does not have to file a complaint. All a complaint is one way to start the investigation.

victimless crimes exist and no complaint needs to be filed.

Criminal justice laws are created by the government to restrict unwanted behavior and actions.

 

[Wild Bill Kelsoe]

Bank does not have to file a complaint about fraud. It is not required.

Indictments are done by a grand jury, prosecuting attorney, or citation of a police officer based on the evidence that a crime has been committed.

The fraud is based on the law. The law does not say that there must be a complaint filed. People can file complaints but it still up to the state if it is prosecuted.

The law is Mortgage fraud can involve the use of fraudulent means to obtain or secure a mortgage loan that is larger than your financial situation can honestly afford. Mortgage fraud can also involve any use of false pretenses, misleading statements, or fraudulent transactions to improperly obtain money, assets, or items of value from a bank or lending institution


New York Penal Law Section 187.05 criminalizes mortgage fraud, making the offense a felony any time more than $1,000 in money is taken as part of a fraud scheme and a misdemeanor
if fraud schemes involve less than $1,000. Defendants can also be charged with other related offenses depending upon the kind of mortgage fraud they have been accused of participating in.

All that is needed is an indictment from the grand jury or the prosecutor can file that alleges a crime has been committed.

the bank does not have to file a complaint. All a complaint is one way to start the investigation.

victimless crimes exist and no complaint needs to be filed.

Criminal justice laws are created by the government to restrict unwanted behavior and actions.

The bank will have to verify that fraudulent information was presented to them. It's called "evidence".

Just because Leticia James says it's fraudulent doesn't make it fraudulent.

I would like to see her evidence. We already know the judge is too ignorant to know the difference between assessed value and market value. Hell, a lot of people don't know the difference. It's amazing how many people don't know the difference...lol

 

[Cellblock2429]

Latisha James, NY Attorney General is engaged in a highly publicized fraud trial against Donald Trump. My own views on Trump are strictly neutral. I feel that Mar a Lago (sp) is not the only overvalued real estate in the country. My guess is that almost all high-end property is way overvalued.

The only way these properties change hands is in highly complex, highly leveraged transaction. Only a lunatic or eccentric would pay real money for most commercial or high-end resort properties such as Mar a Lago.

If Latisha James wins, it would expose the fact that most real estate is highly leveraged and their titular "owners" have little or no equity. If the values dropped to fair salable values, the properties would instantly have huge negative equity and face foreclosure. There would be no cash market for most of these properties. If Latisha James wins, could she trigger a depression by winning?

/—-/ A lot of rich democRATs won’t be happy. They do the exact same thing. And there is nothing wrong with it.
What makes one 50 year old car with a million and another one worth $500?
The whole case is bogus. The banks did their own appraisals and were paid Bach with interest. No one was defrauded.

 

[Kilroy2]

s

The bank will have to verify that fraudulent information was presented to them. It's called "evidence".

Just because Leticia James says it's fraudulent doesn't make it fraudulent.

I would like to see her evidence. We already know the judge is too ignorant to know the difference between assessed value and market value. Hell, a lot of people don't know the difference. It's amazing how many people don't know the difference...lol

They know the difference as it not a secret.

 

[Wild Bill Kelsoe]

s


They know the difference as it not a secret.

Obviously, the judge doesn't know, or he's a fuckin liar.

 

[Kilroy2]

Donald Trump and his company "repeatedly" violated state fraud law, a New York judge ruled Tuesday.

Donald Trump and his company "repeatedly" violated fraud law, New York judge rules

"The documents here clearly contain fraudulent valuations that defendants used in business," Judge Engoron wrote in his ruling, ordering Trump's New York business certificates canceled.

www.cbsnews.com

Now comes the appeal.

Cohen testified that Trump directed him to adjust the statements to arrive at a predetermined number.

 

[GWV5903]

How did she pass the bar? How stupid is this woman? There isn’t a bank on this planet that doesn’t order an appraisal for values before loaning a penny. She’s dumber than she looks, amazing how this has made it this far, the NYSC