- Sep 9, 2022
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Sorry but this was my business for a long time in CA. I have had customers fill out loan application forms many many times. We do not put trust in customers claims.Why did Trump Org lie on the government form required to give to the banks on assets and CERTIFIED, stating assets are true estimated values, with over valued properties, to the tune of 400% to 2000% higher than their appraisal and fair market values, (this was not over valuing by 10% or 20% which could be normal for most businesses required to present their CERTIFIED assets)
every year for over a decade to the banks when negotiating loan terms when considering his assets and risk.
Why did trump fraudulently submit the false but alleged CERTIFIED to be true financial assets Form, year after year after year...
IF THIS ASSET FORM was never used by the banks, and banks needed to do their own separate assessment for each property the business owned, and not trust the CERTIFIED assets form?
Why was this CERTIFIED form required when looking for a loan, if it is never used, and why would trump lie on all of them to colossally over evaluate his assets, if it did not benefit him???
When a person in business makes claims, we double check. We first turn to their accountant. We will take their word. At times accountants do lie for their clients.
We send appraisers to verify property values. The customer will always be assumed to lie.
This Judge does not understand lending nor values of properties. He thinks the tax assessor is an appraiser.