Who Here Personally Sets Their Real Estate Value for Taxes, Loans and Insurance Value?

[Weatherman2020]

In Indiana, you get taxed on the sales price.

A reputable accounting firm is not going to accept that.

Now, if you acted like Trump and lied about the amount of land and the sizes of the buildings on it to get to your fake value, then attested to that under penalty of law, a firm may put that on your financial statement.

Every property in America has a government created appraisal value.

 

[meaner gene]

Wrong. You would have me submit a series of financial statements compiled by a reputable thirrd party, and I would have to attest to their accuracy, under penalty of law.

I know that's the 20th time this simple idea has been explained to you.

Except in Trumps case, that 3rd party was actually just another of his many LLC's.

 

[Weatherman2020]

Except in Trumps case, that 3rd party was actually just another of his many LLC's.

Lie.
All banks use their approved appraisals.

 

[Fort Fun Indiana]

Every property in America has a government created appraisal value.

That isn't what lenders generally use. Some mortgage companies may write a loan up to 70% tax assessed value, if no other liens on the property.

 

[Fort Fun Indiana]

Lie.
All banks use their approved appraisals.

Lie.

Big commercial lending does not work this way.

 

[Weatherman2020]

That isn't what lenders generally use. Some mortgage companies may write a loan up to 70% tax assessed value, if no other liens on the property.

That’s on them then.
Should Jon Stewart go to prison?

 

[Weatherman2020]

Lie.

Big commercial lending does not work this way.

Then it’s on the bank.

There was no loan issue. It was being paid.

 

[Magnus]

So the bank failed to do its job.

Sure, go with that. But then you also have to accept that your fuhrer lied to them. Hence his indictment. Get it now?

 

[Weatherman2020]

Lie.

Big commercial lending does not work this way.

Your position is my wife can appraise my plywood box at $500 M and I can get a loan.

 

[Weatherman2020]

Sure, go with that. But then you also have to accept that your fuhrer lied to them. Hence his indictment. Get it now?

Appraisals are subjective.

 

[jotathought]

~~~~~~
So what is the difference in John Stewart NY Home than Mar a Largo?

Why Jon Stewart's Home Overvaluation is Different from Donald Trump's

Experts say there are differences between the two situations.

www.newsweek.com

**********​

Jon Stewart overvalued home by 829% days after criticising Trump for doing the same

‘Daily Show’ host had argued that overvaluing assets amounted to ‘lying’

www.independent.co.uk

You beat me to it .. he needs to be convicted for fraud.

 

[Fort Fun Indiana]

That’s on them then.

Wrong of course. That's why the borrower has to attest to the accuracy under penalty of law.

 

[Fort Fun Indiana]

Appraisals are subjective.

Bur measurements , like square footage, number of floors in a building, etc, are not.

 

[Weatherman2020]

Wrong of course. That's why the borrower has to attest to the accuracy under penalty of law.

Value is subjective.

 

[Magnus]

Appraisals are subjective.

Sure but criminality is not. And that is what your fuhrer is being charged with - Breaking the law.

 

[Weatherman2020]

Bur measurements , like square footage, number of floors in a building, etc, are not.

A Babe Ruth rookie card is a 3”x6” piece of cardboard.

 

[Weatherman2020]

Sure but criminality is not. And that is what your fuhrer is being charged with - Breaking the law.

Has Jon Stewart been arrested?

 

[meaner gene]

If they want to bend rules, that’s on them.

Issue to sane people is was the loan being paid back?

Actually the issue to sane people is did Trump ever default on a loan?

New York Times Report: President Trump Got Much Of His Debt Forgiven After Defaulting On Loans For Chicago Trump Tower

President Donald Trump's lenders have forgiven around $287 million in debt that he didn't pay back, and most of it was related to Chicago's Trump Tower, according to a New York Times report released Tuesday.

www.cbsnews.com

President Donald Trump's lenders have forgiven around $287 million in debt that he didn't pay back, and most of it was related to Chicago's Trump Tower

When the Chicago Trump Tower project left Mr. Trump in debt, he tried to walk away, the Times reported. But tax return data and other records and interviews obtained by the Times showed that lenders cut him slack and ended up giving him years more time to try to repay his debts

Fortress had expected to receive $300 million from Mr. Trump's company, but settled for $48 million, the Times reported. The forgiven debts appeared in Mr. Trump's tax returns, the Times reported.

 

[Fort Fun Indiana]

A Babe Ruth rookie card is a 3”x6” piece of cardboard.

So? It's not worth more, if it's bigger. Your commercial and real property is.

 

[Weatherman2020]

Actually the issue to sane people is did Trump ever default on a loan?

New York Times Report: President Trump Got Much Of His Debt Forgiven After Defaulting On Loans For Chicago Trump Tower

President Donald Trump's lenders have forgiven around $287 million in debt that he didn't pay back, and most of it was related to Chicago's Trump Tower, according to a New York Times report released Tuesday.

www.cbsnews.com

President Donald Trump's lenders have forgiven around $287 million in debt that he didn't pay back, and most of it was related to Chicago's Trump Tower

When the Chicago Trump Tower project left Mr. Trump in debt, he tried to walk away, the Times reported. But tax return data and other records and interviews obtained by the Times showed that lenders cut him slack and ended up giving him years more time to try to repay his debts

Fortress had expected to receive $300 million from Mr. Trump's company, but settled for $48 million, the Times reported. The forgiven debts appeared in Mr. Trump's tax returns, the Times reported.

So a loan taken 24 years ago was settled.

And?