Radiance3

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The information you've provided is wrong.

All banks before lending funds to barrowers require report of valuation from a Licensed Real Estate Appraisers, before a loan is provided. The barrower hires Licensed Appraiser to appraise value of the property. That report is presented to the bank. The bank analyzes the report and determines how much loan could be funded based on the value of the property.

All real estate values are apprised by Licensed Appraisers, and not by the owner.

Trump's valuation report was based upon the Licensed Appraiser. Ignorant peoples think that Trump himself determined the value of his property. No loan is allowed without the report of the Licensed Appraisers.

Please note that Country Real estate valuation is not the actual value of the property. They are much lower than the market value. That Country real property assessment is the basis of property tax annually.  I own real estate investment properties, and that is how loans are obtained. I am also an Auditor, and a Licensed Realtor. Therefore, these procedures for lending to property buyers or owners are all required.

Those black DA's or judges in NYC, are dishonest, reporting all false information. They h**e White Trump and are harassing Donald Trump. They are also jealous of Donald Trump. They wanted to bankrupt Trump.

That's what the black DA, Willis in GA, is also doing.

They must stop those black violent l**ters, k**lers, and stealers instead stealing hundreds of billions of dollars from merchants, and other innocent people.

Relentless extortions in the name of r********ns. They have extorted more than enough.

This is not a r****t statement. It is a fact.

currahee506

Have you seen the evidence?

nwtk2007 Loc: Texas

Well then that is their stupidity.

Strycker Loc: The middle of somewhere else.

Appraisals on loans for individual existing properties are usually required. On general business loans the LTV (loan to value) is based on the borrowers net worth statement and ability and history to repay the loan. Formal appraisals are not required. On a net worth statement the value on assets can be based on fair market value or appraisals. I think in Trumps case we are talking about the numbers on a net worth statement. Not on the value of a loan one particular property.

It has been my experience that county tax appraisals are not usually lower. Particularly on commercial properties with comparable sales are difficult to find. I have fought tax appraisals every year on my properties and have always got the appraisals and taxes lowered. The county always appraises high and the majority of people will not bother to appeal the valuation. Then the following year they use those inflated appraisals from the previous year to raise other properties nearby. It's a racket to increase tax revenue. Also the government when using the three methods of appraisal (income, comparables or replacement costs) almost always uses the one the produces the highest value and generates the most taxes.

Trumps valuations on his net worth statement are purely a guess based on his inflated ego and opinion of his net worth. While it is likely exaggerated, it is subjective and it is not fraud. The Judges ruling on the other hand appears to be very biased. His valuation of Mar a Largo alone appears to be very low and does not reflect much of the properties estimated value. The judge is also wrong on his arguments against Trump's opinion. Properties values are often based on what potential the property has rather than what it currently is. His threat to cancel Trump's licenses in NY also is way over stepping. The blatant overreach points to a bias court.

Being a builder and real estate investor I have taken out loans on hundreds on properties over the years and also carry a real estate license.

Radiance3

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Yes, I agree with your statement. Good analysis.

I've represented a company obtained a building construction loan from Bank of America. All banks on businesses corporations or individuals require Audited Financial Statement, to demine the LTV, or the ability of the borrower to pay the loan on a long term.

Donald Trump owns a number of business operations in NYC or other US states. Most of them are incorporated. All corporations have legal and separate entity than the owners of the business. Therefore, when obtaining loans from bank, the bank requires current Audited Financial Statement from the company to determine the LTV, and the ability to pay the loan on a long-term basis. That is one of the most important bank requirements.

Donald Trump owns a number of Real Estate investments in NYC. His assessment value must not be the source of official report. I think those harassers in NYC overstated that statement. Any owner could verbally say how much his assets are worth. But the official source to base upon is the Audited Financial records.
The b****s in NYC h**e Whitey Donald Trump. They wanted to bankrupt him. Most black elected officials in NYC are so corrupt. They wanted to take away assets of Trump or to bankrupt him and his family.

Trump all the years of his life worked hard on his investments. His father taught him since he was young. Now the b****s are trying to take his properties by series of legal harassments. But the fact is those b****s in NYC are most corrupt. They tolerate so much violence, k*****gs, l**tings and all kinds of mayhem done by their own people. This is not America anymore.

I am surprised that your County overstate valuation for tax purposes. I think that is a democrat County.

The County where I've lived for so many years assess valuation lower than the prevailing market price. Market value is not permanent. It is flexible depending upon the economy. That is why conservative assessment is always reasonable.

Locations of the business properties are always important. That is also true as well to all residential properties. In addition to the economy, location is one of the factors that determine the value and stability of the business and all residential properties as well.

NYC is no longer a very attractive location to live for residential purposes.

But for business corporations, real estate valuation is determined by the demand and as well as the economy.

Turtle keeper

I think a better question is…. How does a Judge present and use his own valuation of property he has never seen or use any realtors appraisal that has never seen the property. There was 2 properties in the neighborhood that were 1/10 the size sold for 20 and 25 million. Neither with beachfront where as Mar-a-logo has 2 beachfronts and spans the peninsula. The more they attack President Trump the more we see how out of control the Democrats are. Even the everyday democrat neighbor

F.D.R.

Unlike our government banks don't throw money away. This case smells of another democrat 'gotcha' scheme to derail Trump. As a democrat of course Leticia will claim the property was fraudulently overvalued in her opinion which in the financial community means squat. She likely knows she won't win but will tie Trump up in court and drain his bank account. Trump should file a suit against her claiming malicious prosecution.

Wonttakeitanymore

that’s how they strategically default! They get a faulty appraisal ! Wala they have equity!!or they do like the government as in Fanny Mae and don’t require an appraisal at all! How do you think this stupid market went so high so fast!

Wonttakeitanymore

The government does it all the time!!! Trump is in real estate he knows value!

Wonttakeitanymore

The crooked tax assessor over calculates to steal from everyone and gets away with it

nwtk2007 Loc: Texas

Exactly, how does a judge know??

This is all a waste. WE are v****g for Trump even if convicted. A lot of democrats are too.

RascalRiley Loc: Somewhere south of Detroit

Yes. V**e Trump. Who care if he destroys freedom. Who cares if his rampant narcissism has destroyed thousands of lives.

Who cares if he will annihilate any who oppose his authoritarian agenda. The USA will be a theocracy ruled by a pretend Christian.

It is all foretold. An antichrist that pretend to be Christian, who does not give a dam for any other. The succumbed will bow down and believe.

Another great experiment in how to create a lasting country trashed by greed, Trumps greed.

coelacanth Loc: Michigan swamp

We are witnessing the never-ending and eternal witch-hunt. Everything and anything is possible, as we have seen.

Radiance3

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RR, I could not deny this. You have a stupid brain!

Strycker Loc: The middle of somewhere else.

Let me clarify. The county that has most of my properties used to be very Republican but has, in the past few e******ns, flipped to Democrat as the county changed from growth to a suburban bedroom community. Property valuations on residential are usually lower but commercial has been gouged. The county, some time back, farmed the tax appraisals on commercial properties out to a private company. The company is partially paid every year by how much new tax revenue it generates so there is a high incentive to over value the commercial properties knowing that most small property owners will not spend the high cost of a commercial appraisal or the legal fees to appeal a assessment and save a few hundred to a few thousand dollars in property taxes. Fortunately, I know enough about real estate and appraisals to do my own appraisals and usually don't have to resort to lawyers to appeal.