Rep. Jared Moskowitz calls for Palm Beach County to tax Mar-a-Lago at the rate Trump claims it's worth

[Man With A Plan]

No you dumb dolt. Banks don't hire appraisers because people lie, they hire appraisers to cover their asses in case things go wrong. They hire LICENSED appraisers to compare the age, condition and marketability of the property, because bankers don't have those skills.

Last but not least, banks hire appraisers to determine the lending value of the property. So that when they submit their lending requests to their superiors for approval, their bosses know that they've done their due dilligence on the viability of the loan, and the available collateral.

Then they instruct their loans to conduct all manner of due dilligence and confirm that the owner of the property has good and valid title, sufficient to our purposes, and that our mortgage is a good and valid first charge on the property subject only to government laws and restrictions. If this is found to be untrue, we sue the lawyers.

There are a dozen reasons why banks hire outside appraisers, and NONE of them have anything to do with people lying to them about the value of their property.

Corporatioins CAN'T lie about their property values, because audited financial statements are required for all borrowings of a certain level. That's why Trump used his phony "Statements of Net Worth" instead of actual financial statements. And Deutches Banke accepted his statements, because they had other back up on his loans/

Are you claiming that the bank didn't have appraisals done of the properties in question?

 

[Dragonlady]

People overestimate the value of their property all the time and you know it! That's why banks hired independent appraisers like myself and you know that! The truth is that Trump didn't do anything that MOST big developers do and I think you know that as well!

Trump says everybody does it. He says everybody in construction loses money "on paper". Everybody goes bankrupt. Everybody lies. All of those things are lies.

Trump is the only businessman in American history to have gone bankrupt 7 times. He's been involved in more law suits than any businessman in American history.

How come all of these ignorant Trump Cultists are licensed appraisers??? And they know that everybody lies????

 

[Man With A Plan]

Did you ever accidentally overestimate the square footage of a property by a factor of 3?

Can't say as I have, Marener! Can't say as I've ever heard of a real estate investor being charged with fraud when they paid back the loan in question with interest ahead of schedule either!

 

[Dragonlady]

People overestimate the value of their property all the time and you know it! That's why banks hired independent appraisers like myself and you know that! The truth is that Trump didn't do anything that MOST big developers do and I think you know that as well!

Trump says everybody does it. He says everybody in construction loses money "on paper". Everybody goes bankrupt. Everybody lies. All of those things are lies.

Trump is the only businessman in American history to have gone bankrupt 7 times. He's been involved in more law suits than any businessman in American history.

How come all of these ignorant Trump Cultists are licensed appraisers??? And they know that everybody lies????

 

[Man With A Plan]

Trump says everybody does it. He says everybody in construction loses money "on paper". Everybody goes bankrupt. Everybody lies. All of those things are lies.

Trump is the only businessman in American history to have gone bankrupt 7 times. He's been involved in more law suits than any businessman in American history.

How come all of these ignorant Trump Cultists are licensed appraisers??? And they know that everybody lies????

There are other former appraisers here? Which ones?

 

[Marener]

Can't say as I have, Marener! Can't say as I've ever heard of a real estate investor being charged with fraud when they paid back the loan in question with interest ahead of schedule either!

Can you think of anyone that has inflated the value of their property by pretending it was three times bigger than it was?

 

[Dragonlady]

Can't say as I have, Marener! Can't say as I've ever heard of a real estate investor being charged with fraud when they paid back the loan in question with interest ahead of schedule either!

So you're saying that bank fraud is legal as long as you pay back the loan?????

 

[Richard-H]

Mar-a-Lago remains grossly overvalued until it's thoroughly fumigated!

But first it will have to be deloused!

Jack Smith is working on that now.

 

[Man With A Plan]

Can you think of anyone that has inflated the value of their property by pretending it was three times bigger than it was?

At the end of the day, Marener...why does that inflated value even matter? You might have a case if Trump defaulted on the loan. He didn't. He paid it back in full. Name another real estate investor who's been charged with fraud after they paid back the loan in question in full ahead of time! I'd like to see another example of that.

 

[Dragonlady]

There are other former appraisers here? Which ones?

DBA is posting the same bullshit you're posting. And claiming he's an appraiser. He's no more credible thana you are. Because neither of you have any knowledge as to why banks need appraisals or under what circumstances.

It' most definitely NOT because borrowers lie.

 

[Man With A Plan]

So you're saying that bank fraud is legal as long as you pay back the loan?????

I'll put the same question to you, Dragonlady! Name another real estate investor charged with fraud and fined half a billion dollars after they paid back the loan in question ahead of time and with interest? Can you?

 

[Marener]

At the end of the day, Marener...why does that inflated value even matter? You might have a case if Trump defaulted on the loan. He didn't. He paid it back in full. Name another real estate investor who's been charged with fraud after they paid back the loan in question in full ahead of time! I'd like to see another example of that.

The value mattered to the bank because they required it to get the loan.

 

[Dragonlady]

At the end of the day, Marener...why does that inflated value even matter? You might have a case if Trump defaulted on the loan. He didn't. He paid it back in full. Name another real estate investor who's been charged with fraud after they paid back the loan in question in full ahead of time! I'd like to see another example of that.

Yes that inflated value matters. Whether Trump defaulted on the loan is irrelevant. You're saying it's not bank fraud if the loan is repaid.

If I steal your wallet while you're sleeping, and take all of the money out of it, but manage to replace it before you find out it's missing, am I a thief? Should I be charged? What if I do it over and over?

 

[Man With A Plan]

DBA is posting the same bullshit you're posting. And claiming he's an appraiser. He's no more credible thana you are. Because neither of you have any knowledge as to why banks need appraisals or under what circumstances.

It' most definitely NOT because borrowers lie.

You stated that it was to cover the asses of the loan officers, Dragonlady! Why would that even need to take place if nobody overvalued their properties?

 

[Man With A Plan]

The value mattered to the bank because they required it to get the loan.

Now I've asked both you and Dragonlady to give me an example of another real estate developer being charged with fraud and being fined a huge sum of money after paying back their loan on time with interest...and BOTH of you failed to do so! Why is that, Marener?

 

[Man With A Plan]

Yes that inflated value matters. Whether Trump defaulted on the loan is irrelevant. You're saying it's not bank fraud if the loan is repaid.

If I steal your wallet while you're sleeping, and take all of the money out of it, but manage to replace it before you find out it's missing, am I a thief? Should I be charged? What if I do it over and over?

That might be the dumbest analogy EVER! If you stole money out of my wallet and put it back before I knew it was missing...how stupid would I be going to the Police and trying to get you charged with theft? I'm pretty sure the Police would politely escort me to the door and tell me to stop wasting their time!

 

[Man With A Plan]

And just so you know? I don't think the banks in question were "sleeping" when this deal was made!

 

[Dragonlady]

I'll put the same question to you, Dragonlady! Name another real estate investor charged with fraud and fined half a billion dollars after they paid back the loan in question ahead of time and with interest? Can you?

Stupid question. Can you name ANY mega wealthy person who has committed fraud and then publically bragged about getting away with it, other than Donald Trump?????

Here is the thing. Trump is a big time 7 times bankrupt LOSER. Other wealthy people don't need to lie and they don't. Trump lies about everything to everyone. He's pathological because of his extreme narcisscism and insecurity. No matter how much he has, others have MORE and he can't stand that.

Nobody else has faced these kinds of charges, because nobody else is as stupid and criminal as Trump. This isn't his first fraud trial. This isn't the first time he's been caught committing fraud. American banks stopped lending to him because they were losing so much money.

Just like the rape and slander charges, you can't go around bragging about what a crook you are and all of the things you're getting away with, and then whine like a little bitch when you get arrested for committing the crimes you bragged about getting away with.

 

[Man With A Plan]

Stupid question. Can you name ANY mega wealthy person who has committed fraud and then publically bragged about getting away with it, other than Donald Trump?????

Here is the thing. Trump is a big time 7 times bankrupt LOSER. Other wealthy people don't need to lie and they don't. Trump lies about everything to everyone. He's pathological because of his extreme narcisscism and insecurity. No matter how much he has, others have MORE and he can't stand that.

Nobody else has faced these kinds of charges, because nobody else is as stupid and criminal as Trump. This isn't his first fraud trial. This isn't the first time he's been caught committing fraud. American banks stopped lending to him because they were losing so much money.

Just like the rape and slander charges, you can't go around bragging about what a crook you are and all of the things you're getting away with, and then whine like a little bitch when you get arrested for committing the crimes you bragged about getting away with.

So you can't name one other person who's been charged with fraud and hit with a massive fine after paying back the loan in question? Not one, Dragonlady?

 

[Man With A Plan]

Stupid question. Can you name ANY mega wealthy person who has committed fraud and then publically bragged about getting away with it, other than Donald Trump?????

Here is the thing. Trump is a big time 7 times bankrupt LOSER. Other wealthy people don't need to lie and they don't. Trump lies about everything to everyone. He's pathological because of his extreme narcisscism and insecurity. No matter how much he has, others have MORE and he can't stand that.

Nobody else has faced these kinds of charges, because nobody else is as stupid and criminal as Trump. This isn't his first fraud trial. This isn't the first time he's been caught committing fraud. American banks stopped lending to him because they were losing so much money.

Just like the rape and slander charges, you can't go around bragging about what a crook you are and all of the things you're getting away with, and then whine like a little bitch when you get arrested for committing the crimes you bragged about getting away with.

I'm amused by your contention that Trump is a "LOSER" because he's filed for bankruptcy 7 times, Dragonlady! He's had I believe well over 500 corporations doing business. Having a failure rate of 7 out 500 is actually remarkable. There is a reason why you set up corporations as separate entities...and there are a multitude of reasons why it makes sense to declare bankruptcy. I suppose you think Trump is a "LOSER" with Truth Social? Were you really a banker? You don't seem to know that much about business and how it operates. Just saying...