Seizing Trump’s New York properties will not be easy for Letitia James

[Tommy Tainant]

I don't really see much difference Tommy, but that too can be determined after the fact.

But I still doubt that it will happen. They have completely corrupt courts that favour Trump.

If the bank has a mortgage on the property it is technically theirs not trumps.

 

[Concerned American]

I am pro New York. How is that anti American ?

You are pro moron. Keep licking those windows.

 

[Concerned American]

If the bank has a mortgage on the property it is technically theirs not trumps.

I love it when two foreign ignoramuses argue about things they know nothing about.

 

[EvilCat Breath]

Judging by all of your comments, you don't seem to understand. You can start by understanding that the properties aren't taken away from Trump forever unless he defects to Russia, China, or some other country.

I am really not interested in your rather confused and convoluted understanding of our laws.

 

[WorldWatcher]

Just get the courts of those states to agree. This is more about the end of New York than the end of Trump.

Nope New York will be fine and you seem to think property involved with judgement being under partial ownership or mortgages is a new thing.

Fact is it’s not. Laws and courts have dealt with it since, well as long as there have been laws and courts.

WW

 

[Donald H]

If the bank has a mortgage on the property it is technically theirs not trumps.

Sort of true.
It depends on the worth of the property and the amount of the mortgage. So to make it more complicated, James can claim the difference that goes to the bond.

But what's your point Tommy?

I see the important part in this as the loss of reputation to Trump, along with his inability to do business. That would amount to crushing depreciation of his assets.

 

[Donald H]

I am really not interested in your rather confused and convoluted understanding of our laws.

Enlighten us on what I'm getting wrong?

 

[Concerned American]

Enlighten us on what I'm getting wrong?

In due time, duck. When James gets slapped down in appeal, it will all be moot.

 

[Donald H]

If the bank has a mortgage on the property it is technically theirs not trumps.

The amount of the outstanding mortgage is the bank's but in this case the bank can't force a sale immediately to recover it's money.

What the fk is everybody arguing about? This shit isn't rocket science!

It's mostly abour corrupt American courts finding in favour of Trump.

 

[EvilCat Breath]

Actually she has access to assets located in anyone of 48 states that has enforcement of out of state judgement laws.



Not sure where this is coming from unless it's from the viewpoint of "must say something for Trump and against James".

For example, Trump Tower. If Trump owns the ground floor, parking garage, and his penthouse. Then those assets get seized, not mercenarily the whole building. The judgement isn't just against Trump as an individual, you knew that right? It's against the Trump Organization so "shareholders" and "investors" in the Trump Organization are irrelevant. Now if you meant mortgage companies that have outstanding loans that is a different issue and will be part of the pay off of selling the property.

WW

The property isn't saleable.

 

[GLASNOST]

Seizing Trump’s New York properties will not be easy for Letitia James​

She can wedge it up her fanny and spend a night in the airing cupboard for all I care.

 

[Concerned American]

It's mostly abour corrupt American courts finding in favour of Trump.

Wrong, duck. They are OUR American courts, NOT YOURS---your courts belong to Turdeau.

 

[Donald H]

In due time, duck. When James gets slapped down in appeal, it will all be moot.

Yeah, you could be right my friend, but you haven't said what I'm getting wrong.
Come on out of your nest and be 'social'able for a change!
I'm not going to discriminate against your extra two legs and your urine body odor.

 

[whitehall]

Seizing property might be an old tradition in merry olde England and Fascism might be part of European history but the U.S. Constitution gets in the way here in the Colonies. At least I hope it still does.

 

[EvilCat Breath]

Sort of true.
It depends on the worth of the property and the amount of the mortgage. So to make it more complicated, James can claim the difference that goes to the bond.

But what's your point Tommy?

I see the important part in this as the loss of reputation to Trump, along with his inability to do business. That would amount to crushing depreciation of his assets.

Loss of reputation to TRUMP! You need to take another look without socialist curtains. This entire debacle has Trump soaring.

BREAKING: Letitia James Too Evil and Stupid to Know She's Helping Trump Win in November

twitchy.com

 

[Concerned American]

you haven't said what I'm getting wrong

All of it. How's that. No, I let the courts make the final decision. What's it to you anyway duck. You have no horse in the race, so just run along and keep your nose on your face--it is less likely to get tweaked.

 

[Crepitus]

Seizing Trump’s New York properties will not be easy for Letitia James

Attorney general could face same problems as ex-president in trying to liquify assets to meet the $454m fine amount

www.theguardian.com

This seems hard work. Obviously cash would be better than property.

But I wonder if Ms James might take any property income from these places. It would likely cover the interest that trump is building up every day. But trump probably needs that income to pay off the mortgage, That might be a problem

It would also leave the portfolio intact pending any appeal.

Liquidating the property might be beneficial if trump actually owns the property rather than it being mortgaged to the hilt. In that case the lender has first dibs on the payout.

Trump 1 must be worth something but again it is likely to be held on a lease.

I do wonder if it might just be easier to lock him up in debtors prison until he can clear the tab.

In all likelihood the first things seized will be bank accounts.

I know it's been fun twitting the tRumplings about "James Tower" and "Leticia James International Golf course" But the reality is that the accounts are easiest.

 

[Crepitus]

All she has to do is imagine his properties as giant buckets of Ho-hoes.

Nah, he keeps his ho in Floriduh.

 

[Orangecat]

Nah, he keeps his ho in Floriduh.

Don't quit your day job, kid.

 

[Blisterfinger]

dems have kicked your asses steadily and easily and oh so fairly since 2018.

It's not going to stop.

The true ass kicking is going to happen November 2024. LOL let there be dancing in the streets as the current corruption gets overthrown and the Democrats get paid back for their incredible dishonesty.