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re: NY AG says Mar-a-Lago was valued as high as $739M when it should've been at $75M
Posted on 9/21/22 at 2:31 pm to MFn GIMP
Posted on 9/21/22 at 2:31 pm to MFn GIMP
quote:
Yes the property is in FL but she is saying that he overvalued it while doing business in NY
Doing business with who in New York? Was the money borrowed from a bank headquartered in NY? None of us know that, she didn't provide that detail. I'm assuming you mean Trump's business was based in NY at the time? My understanding is they were looking into his Duetsche Bank loans which are not even US based.
This post was edited on 9/21/22 at 2:33 pm
3
Posted on 9/21/22 at 2:34 pm to stout
quote:
Attorney General James is seeking to permanently bar the Trump family from conducting business in New York and $250 million in penalties.
Hank and Boosie informed that all 250 million lawsuits are almost always settled for 5k.
So Trump has that in his favor.
Posted on 9/21/22 at 2:35 pm to Scream4LSU
This is the equivalent of a local DA arresting me because i went to a pawn shop and said my Rolex was worth $1000 so lend me $500 and the DA pounces on me because she thinks watch is worth $300 .... its mind blowing
Meanwhile NYC is overrun with violent crime daily
Meanwhile NYC is overrun with violent crime daily
Posted on 9/21/22 at 2:42 pm to Ten Bears
quote:
If that is the case....Mar-a-Lago is 20 acres....just the land would be worth $1.3B
thats when the lawsuit comes in and claims he is underreporting his tax burden.
Posted on 9/21/22 at 2:45 pm to stout
No shite right?? What the frick does this shite have to do with anything?
Posted on 9/21/22 at 2:46 pm to stout
Isn't it the loaning institution's responsibility to investigate and evaluate the worth of the collateral or property in this case.
Posted on 9/21/22 at 3:12 pm to Scream4LSU
The value of the property is actually close to zero considering it will be under water by 2030
Posted on 9/21/22 at 3:13 pm to GumboPot
quote:No standing
And were are the banks in all this? They are the harmed party. Not the state of New York unless New York secured the loans on false information.
Posted on 9/21/22 at 3:13 pm to BurlesonCountyAg
10 more years!
Posted on 9/21/22 at 3:20 pm to stout
Start suing these people for Slander and Libel and this will end.
Posted on 9/21/22 at 3:21 pm to Tmcgin
quote:
For hangers on and Chinese spies
The Chinese spit that worked for Dianne Feinstein or the one that was banging A democratic member of the foreign intelligence committee?
Posted on 9/21/22 at 3:22 pm to Jax-Tiger
There is a home right across the street from Mar list right now for 59 million. Mar is 20 times bigger in lot and square footage. This is laughable 
For a graphic comparison look at the two here from the same map.
Zillow
Edit: Post number 69
For a graphic comparison look at the two here from the same map.
Zillow
Edit: Post number 69
This post was edited on 9/21/22 at 3:25 pm
Posted on 9/21/22 at 3:24 pm to stout
Is there not a county accessor that sets the value of property? Like everywhere ? Banks require a appraisal of any property considered for loans?
Posted on 9/21/22 at 3:26 pm to stout
After three years, this is the big culmination?
Posted on 9/21/22 at 3:28 pm to Viator106
Does it even matter what its worth if he's in good standing with the bank? Shouldn't they be filing this?
Posted on 9/21/22 at 3:29 pm to HubbaBubba
She also said he received "benefits" from insurance.
Unless he did a syrian order (in Trinidad speak that means arson) on a hotel, how the heck does he benefit financially from overvaluing a property and then having to pay the premiums on an inflated value????
Unless he did a syrian order (in Trinidad speak that means arson) on a hotel, how the heck does he benefit financially from overvaluing a property and then having to pay the premiums on an inflated value????
Posted on 9/21/22 at 3:29 pm to stout
Mar a Lago is a trophy property which are often valued much higher than comparable properties.
Posted on 9/21/22 at 3:36 pm to stout
I don’t get it, someone explain why someone would overvalue a property when they would owe more taxes? I’ve heard of undervaluing to pay less, but overvalue? Hmmm… Got to be some play that I’m not seeing, as I don’t think they we trying to sell, and even then it’s not a crime to ask more than something’s worth… what’s the angle these guys are going for???
Posted on 9/21/22 at 3:38 pm to trinidadtiger
quote:
She also said he received "benefits" from insurance
This is quite a shocking claim. Who knew this was how to trick the insurance companies.
Posted on 9/21/22 at 3:41 pm to stout
quote:
NY AG says Mar-a-Lago was valued as high as $739M when it should've been at $75M
And still half as much as the going rate for a Hunter Biden original painting.
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