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re: Rumor - Real Estate brass in Florida is suing the NY AG and Judge for over $2 billion
Posted on 3/22/24 at 4:00 pm to Warboo
Posted on 3/22/24 at 4:00 pm to Warboo
quote:
The loan values on their properties will be affected by this. Hence a law suit is cooking in the oven.
How? Again, what authority does NYC have to place value on anything outside of the get Trump saga?
The homeowner can pull up the Florida Tax Assessor website and show what its valued at or have an appraiser in Florida quickly show the real value
2
Posted on 3/22/24 at 4:13 pm to Lsut81
quote:
How? Again, what authority does NYC have to place value on anything outside of the get Trump saga?
The judge in essence pretty much decreed that all of the property in the area is vastly over valued. Do you want the property values up in your neighborhood or not? Do you want an arbitrary figure setting the market value of homes in your neighborhood significantly lower by ruling your neighbors’s house, the biggest in the community is worth a fraction of what was the market value?
Posted on 3/22/24 at 9:53 pm to Lsut81
quote:
How? Again, what authority does NYC have to place value on anything outside of the get Trump saga?
The homeowner can pull up the Florida Tax Assessor website and show what its valued at or have an appraiser in Florida quickly show the real value
That was pretty much the sham that occurred in the trial. You can bet that whatever bank he used to get loans had an appraised value to his properties.
Under the rules used by the AG to bring this case there are probably hundreds if not thousands who committed the same supposed violation if they refinanced their mortgage using a ny based bank.
My house is on the tax roles valued at x amount. When I refinanced I had an outside appraiser value my place over $100k more. I used that appraisal for a new loan and dare I say got a great rate that some scrub may not have been eligible for. OMG I committed fraud. F them........the agreed loan is being paid off. Unless I’m misunderstanding the case the same thing happened.
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