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re: What value did NY courts place on MAL?
Posted on 3/22/24 at 6:00 am to Blutarsky
Posted on 3/22/24 at 6:00 am to Blutarsky
quote:
What value did NY courts place on MAL?
The judge based his value on the county tax assessor's valuations (between $18 million and $27.6 million), assessor valuations are generally far lower than what properties actually sell for.
The bottom line on this is that the bank did its own valuation and agreed with Trump's valuation. So if the bank's own valuation is the same as intended borrower and the loan is paid back, where is the fraud? Who was defrauded?
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