While the world is watching how the Trump trial unfolds the liberal left is licking their lips waiting to seize Trumps assets and give them to their buddies, but there is a hidden snake waiting in the woodpile for all of us!
PEOPLE OF THE STATE OF NEW YORK vs Donald J. Trump has a hidden agenda the media is ignoring! Wonder why?
If Democrats win, they will utilize the Trump case to prosecute property owners who may have overestimated their property value. The Trump decision will set a precedent and future cases will point back to the Trump decision to build their arguments. This in law is called Stare Decisis.
This hidden snake is the weaponization of valuation of all financial records, both private and at the lender level turning the disclosure law on its head.
The resultant penalties will force the redistribution of family assets to individuals who do not deserve them and did not work for them! Trump's property valuation trial is a crucial test case with wider implications.
In the latest development of the legal saga surrounding President Donald Trump, New York Attorney General Letitia James is advocating for a permanent ban on Trump's participation in the state's real estate industry. The attorney general has also demanded Trump and his company be held accountable for alleged financial fraud spanning decades, with a proposed penalty of $370 million.
As the civil case reaches its climax, the implications extend beyond the personal predicament of the individuals involved, raising concerns about potential repercussions for property owners across the state.
James argues Trump employed various deceptive tactics to exaggerate the worth of assets and hide important information. The crux of the issue centers on allegations Trump deceitfully exaggerated his wealth by billions of dollars in order to obtain more advantageous loan conditions.
If the court rules against Trump then he will be forced to sell off some of his valuable real estate holdings, breaking him.
In response to the accusations, Trump passionately defended himself on social media, asserting his innocence and criticizing the trial as a politically motivated "witch hunt." He strongly criticized the valuation of Mar-a-Lago in Palm Beach, Florida, as a centerpiece of what he considered a misleading narrative.
According to Trump, the attorney general and the judge have set an inflated valuation in an apparent effort to bolster their case, despite the property's alleged actual worth being significantly higher.
Trumps legal team argued the state has not provided evidence of any tangible consequences arising from Trump's financial statements to banks. According to a judge involved in the case, it was found there were significant discrepancies in Trump's reported net worth, amounting to billions of dollars. The final arguments from both sides will be presented on Thursday, and a verdict is anticipated to be announced at a later date.
If the court rules against the former president, the potential consequences could reach well beyond his individual holdings.
Some observers are concerned this case may establish a precedent, giving Democrats more confidence to examine and possibly penalize other property owners who have overestimated their property values while applying for loans. Property owners have expressed concerns about this prospect, especially given the recent actions of New York's attorney general. The attorney general is seeking to raise the penalty from $250 million to $370 million, citing new evidence of "ill-gotten gains."
The outcome of this property valuation trial could potentially indicate the Democrats' future approach towards other real and credit property owners.
Final Word: Once the Democrats taste the sweet flavor of stripped wealth, they will craft a cookie cutter law suit designed to review all asset evaluations, then, if the court views the valuations as overvalued they will prosecute the asset holder and seize their wealth. (for the greater good of course)
Once the courts go down that road then ALL evaluations could come under scrutiny. What would keep the court from scrutinizing non-property transactions? ….nothing!
- Did you overstate your income of your last credit card application?
- Have you ever exaggerate your net worth?
- Have you ever got a quick part-time job to inflate your income only to quite the day after you got approved for that loan?
…..the subpoena is in the mail and the undeserving are licking their lips, salivating for the sweet taste of court awarded fat assets.
Replies
Property appraisals will ALL become highly questionable... a[[raisals will suddenly go super conservative (Low) and appraiser's bonds will skyrocket, .. affecting the ability to raise capital for future real estate development, by leveraging EQUITY... It will kill an aggressive real estate market and further reduce the availability of low-cost housing.
To help cover VanGuard, State Street, Black Rock as they gain more ability to prey on private property owners in distress.
Since when do property owners create their own estimates of their property? Not in my town. The County Auditor does that.
You have the country auditor, also appraisers, the bank wants an appraisal before they loan you any money. I have never heard anyone going to the bank telling them they think their property is worth whatever and they base the loan on that.
This particular case WILL wind up at the Supreme Court; this twisted Judicial freak, Engoron, has already declared DJT guilty, even though the trial has not concluded. On top of that; Bank CEOs have already testified that banks have their own method of properly evaluating property worth and that of any potential client. They also testified that any loans were paid in a timely manner and they did not lose any money doing business with the Trump corporation. I forsee this judge being stripped of his black robed AND his JD and AG James being booted from office - - and I sincerely hope President Trump sues her out of existence.
New York State, California, Washington, Oregon and most of the East Coast are criminal commonists locations. They overtax everything, give everything to those who never work for it and call it FREE. There day of reconning is coming. They cannot print money and all are deep in debt.
If you buy a T-Shirt for $20.00 it's worth less when you get it home, but if your T-Shirt is worn by a player who wins the World Series it's worth hundreds of dollars, but if it autographed it could be worth thousands.
This is the value of Trump Towers and his other properties. His name is worth billions, not just the appraised value of the real estate but the value of who owns it!
This is the problem the NY court must address. Trump's property is worth more than just the estimated value because of Trumps name!
Got it!
Real estate valuations are composed of real and intrinsic value... it is up to the professional appraisers to estimate the market value at the time of the appraisal... If a man has a home appraised for one million today and his neighbor's home burns down and a pig farmer buys it to raise pigs the next day... you can bet that million-dollar home suddenly became worth a lot less.
It is not up to the owner to determine the value of their property... it is up to the LICENSED and BONDED APPRAISER and the Financial Institute to ultimately determine the appraised value and loan amount on the property. The Borrower's application and stated value of their real estate is what they consider it worth... it is their valuation based on their estimate NOT NECESSARILY MARKET VALUE... as the market doesn't know the developer's plans and its impact on future value...at the time of loan application.
An owner may be valuing the property based on his anticipated improvements etc.. FInancial institutions don't rely soley on a borrowers appraisal or estimate on market value... Banks get thir own appraisals to establish market value and the suffcienc of the property to stan as collateral oon teir loan... not on the owner;s appraisal or personal statement as to value.
What difference does it make if the person pays off the loan? Actually, because then the loaner earns more money - besides, shouldn't a loaner have someone in place who places a value on the property before they agree to loan money to them?
At least that's what makes sense to me. I think not only is communism a factor but also jealousy-ism!
But it is twisted on purpose, Steve is correct, they will use this case in the future to take property from anyone they want, they'll be able to brake anyone they set their eyes on through the law, without looking like they are the damned communist dictators they aim to be.
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