re: What value did NY courts place on MAL?

The debate always starts at point A, never let the other side start at point B and "assume" point A.

In this case its not what the judge valued the properties at, its whether the banks filed suit because they were harmed. In this case the banks valued the assets used for the loan and deemed them sound for the amount requested.

This and the "rape" case should scare the shat out of any normal citizen.