09-28-2023, 01:54 PM
(09-28-2023, 01:42 PM)Mike M (the other one) Wrote: What it's appraised at and could sell for are 2 different things.
What Trump values it is what HE would be willing to sell it for and that is not the same as it's actual appraised value.
If banks gave him loans on HIS valued price then they are ignorant for not doing their jobs properly.
And most properties are updated at sale date and use an effective tax rate that slowly increases, and doesn't usually get fully updated for 3-6 years after.
If they over value it, you can file a "Complaint against Valuation". And definitely don't plan any major upgrades til after it's been valued by an assessor and always walk thru with the assessor, he's paid to see the shiny things IE new marble counter tops, and won't mark the crack in the basement walls that lowers your value unless you are there to point it out.
So it's the victim's fault they were defrauded?
When Trump submitted falsified valuations that included knowingly incorrect square footage (eg:his penthouse was listed at 3x is actual size), occupation rates, or collected rents he committed fraud regardless of the actions of the people receiving the documents. Every loan application I ever signed required a signature that the information provided was truthful and subject to punishment if falsified
Trump did point out that his properties were valued at what he said because he could call up Saudia Arabia and get it sold at whatever he asked. The Judge said that was influence peddling.
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