Real estate insiders bewildered by judge’s $18M valuation of Trump’s Mar-a-Lago: ‘Would list at $300M’

[martybegan]

So you think small beans can't get away with it, but transactions in the multi millions can? A financial institution must do its due diligence in appraising an asset used for collateral to secure a loan, regardless of who the client is. It's the law. If you're saying Trump broke the law, then the FI did as well, you can't have it both ways. Sorry.

And the accountants, and the regulatory agencies that reviewed any of the transactions.

 

[Nostra]

It was referenced.

Did the judge state that was the fair market value?

Yes or no.

Did Trump say what he thought it is worth was for tax purposes?

 

[Nostra]

You seem confused. I’m not saying it’s worth $20 million.

But am saying it’s not worth $1.5 billion.

Do you think Mar a Lago is worth $1.5 billion?

Trump can say it’s worth $100 billion and it wouldn’t be a crime.

 

[OldFlame]

And the accountants, and the regulatory agencies that reviewed any of the transactions.

I work for a top 10 financial institution in commercial risk management, I know that they're all full of shit.

 

[Nostra]

The judge found that Cheato's whole business model boils down to fraud.

The judge is a moron and a nutbag.

 

[EvilCat Breath]

The judge didn't come up with the 18 million. Read the relevant document for once.

View attachment 834955

That's the Assessor's valuation. Which means, that the value of the buildings were worth as much as 27 million dollars. Property assessment does not include the value of the land.

 

[Nostra]

In the real world financial institutions don't allow clients to determine the value of collateral used to secure a loan.

It's apparent that you have no clue what the fuck you're talking about, all you do is regurgitate media bubble talking points.

Moroner has clearly never purchased any real estate.

 

[SeaMajor7]

The demented LEFT have JUMPED THE SHARK with this crap!!!
GeeeZuuuuus

 

[Nostra]

True. In the real world people like us would never be allowed to get away with defrauding banks.

Any bank that lets a borrower asses the value of a property for the purpose of a loan is guilty of malfeasance.

Banks determine the value, Moroner.

 

[EvilCat Breath]

The judge is a moron and a nutbag.

Was there ever an assessment made by an expert assessor? Apparently not. The judge made this up on his own.

 

[EvilCat Breath]

Florida real estate experts are bewildered.

Real estate insiders bewildered by judge’s $18M valuation of Trump’s Mar-a-Lago: ‘Would list at $300M’

Justice Arthur Engoron’s ruling raised eyebrows by valuing the former president’s Mar-a-Lago estate at $18 million when comparable lots nearby ask much more.

nypost.com

The judge is clearly, massively, wrong.

 

[Nostra]

Was there ever an assessment made by an expert assessor? Apparently not. The judge made this up on his own.

I posted numbers from 2022 from Forbes and local real estate professionals that ranged from $200 million to over $700 million.

The judge is a nutbag.

 

[progressive hunter]

Not a club though

exactly,, it would be worth far more because its a club,,

 

[Marener]

You've GOT to explain to us how Trump was able to secure loans against real estate without getting appraisals.

lol

He got apprisals and then claimed the value was usually about 2-3 times greater.

 

[Nostra]

He got apprisals and then claimed the value was usually about 2-3 times greater.

So?

 

[Marener]

Any bank that lets a borrower asses the value of a property for the purpose of a loan is guilty of malfeasance.

Banks determine the value, Moroner.

Who would ever hear of bankers making questionable loans in order to get large fees? Gosh, that’s unheard of.

 

[Marener]

So?

That’s fraud.

 

[Nostra]

That’s fraud.

Nope.

 

[EvilCat Breath]

I posted numbers from 2022 from Forbes and local real estate professionals that ranged from $200 million to over $700 million.

The judge is a nutbag.

The judge is a Democrat. Same thing. This is why the judge refused to allow a defense. This is why the judge refused to hear any motions. He didn't want any expert opinions

 

[AntonToo]

For all the helpless rightwing tools in this thread, here is what Mar-a-Lago is taxed, along with valuation it's based on:

Mar-a-Lago’s property-tax bill is slightly lower than last year at $511,673

....Mar-a-Lago’s valuation, which at $26.6 million is unchanged from last year.

Property-tax bill down slightly for Mar-a-Lago; Trump’s Palm Beach County taxes hold steady at $1.48M, analysis shows

Mar-a-Lago’s property-tax bill is slightly lower than last year at $511,673, while Trump’s total bills in Palm Beach County scrape $1.5 million.

www.palmbeachdailynews.com

So no morons, he would not be getting single penny back, because for taxation purposes is already valued at a very small fraction of what Trumps claimed it's worth.