Posted on 09/01/2023 9:15:43 AM PDT by Red Badger
Once you get an enterprise over $500,000,000 any decent accountant can make it worth almost anything. Unless it’s a pile of $100 bills, valuation becomes a matter of opinion.
which means the bar is even lower, right?
The bar would be even lower in a civil trial, but it should never even go to a jury because the case should be dismissed.
In addition to the political side of this, I'll bet the State of New York is making one last attempt to squeeze some money out of Trump because they hate him for moving to Florida.
Donald Trump has a team of skilled accountants preparing the Trump Organization taxes. There’s no lying on forms. These guys are pros.
Not talking about tax forms, I’m talking about applying for a loan.
As someone who works in the mortgage industry as a profession: lenders generally do not care about what an applicant puts down as the "Owner Estimated Value" of their listed property. The only time any additional due diligence is done is when the property in question is needed for some form of collateral or qualifying asset (such as validating estimated net proceeds from a pending sale), in which case the lender utilizes their own tools and processes to validate whether the OEV is supported (and if it isn't, they'll just update the application with what the actual lender's value estimate is for qualifying purposes).
She’s trying for summary judgment based on real estate valuation, which is an inherently triable issue of fact.
And where was the damage, anyway? He paid his mortgages off.
I understand that. My point is, lying on the form is illegal. That is what they’re claiming Trump did.
She acts like a person who ahs never, ever, owned a piece of dirt in her entire sorry life....................
James must be lynched at the earliest possible moment
Brands have intrinsic value. A men’s golf shirt with the Ralph Lauren or Tiger Woods logo on it sells for a premium over the same shirt with no logo.
Trump worked decades to build and promote the Trump brand. Many of his real estate properties realized higher sales or rental prices because they had the Trump name on the building. How much is the Trump “premium” on the value of a building. It is a subjective assessment. Before he ran for president his brand was probably worth more than it does today since so many liberals hate him today.
The changing value of brands has recently been demonstrated with the collapse of Bud Light.
So Trump essentially stated his brand was worth $2 billion more than some other “authority”. Who is to say he is right or wrong. That’s why when properties sell banks require an independent appraisal of the value of the property, before they issue a loan.
Recently I’ve seen asking prices of houses in my area dropping. Should the DA prosecute for fraud everyone who lists a house and then several weeks or months later drops the price to move the property?
It is not uncommon for developers and individuals to pay more than market price to secure a particular property. The reality is, the market price for a property is the price a willing buyer and seller will agree to on a particular day.
Agree with everything you said, and I said as much in another post. If this is an issue about judgment, there is no smoking gun. However, they’re going to attempt to prove Trump lied about the value, meaning he knew the values were bogus - that is a crime, which is my point.
I seriously doubt Trump lied - he had no reason to lie but given the corruption in the courts, anything can happen.
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