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To: All

If they have a Sheriff sale to sell Trump Tower, would there not be an auction under New York law?

I cannot believe that the court would be able to dictate the price and parties to a Sheriff’s execution sale.

Besides, he can only auction off Trump’s leasehold interest, and then they would appoint someone to manage the building and the collection of the rents from the subtenants. They would need to arrange for insurance and the payment of the taxes. Utilities would need to be collected.

Sub-tenants’ rights would need to be respected.

Were I an insurer, and the State took the property, I would consider it a bad risk and refuse to write a policy on it.

This would not be easy for someone of Ms. James abilities. She would need to find a boyfriend with financial acumen to run the show.


65 posted on 03/20/2024 7:42:34 AM PDT by LachlanMinnesota
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To: LachlanMinnesota

Re: 65 - thank you for a post of sanity in a sea of ignorance.


76 posted on 03/20/2024 7:52:36 AM PDT by Fury
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To: LachlanMinnesota
Trump Tower is a CONDOMINIUM!

Ergo, the vast majority of comments, including yours, are blindingly inaccurate and worthless! The owners of each apartment are NOT being sued, Trump doesn't own any but his own, nobody can legally disposes those owning and living there ( except possibly the Trumps ), and neither can James nor the judge move illegal aliens into these apartments.

I suggest that everyone look up what a condominium is and whilst you're all at it, look up what a co-op is as well; there is a difference.

161 posted on 03/20/2024 12:53:57 PM PDT by nopardons
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