this post was submitted on 21 Mar 2024
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Wonder if he got bigger loans because of fraudulently overvaluing his properties. Which means that property minus loan will be small, meaning they'll need to sell more properties to pay off the judgement. Plus, commercial real estate is super low after the pandemic. Not really a great time to be selling those assets. Really looking forward to a series of painful losses for TFG.
That’s literally what he was just found liable for in this case and probably why nobody will give him a bond— he’s a fraudster and nobody actually knows what his properties are worth now or how much debt he really holds in them.
It’s probably far more than $200M
The guy that used charity money for Boy Scout fees probably didn't leave much equity in his loan collateral properties.
Unsure if that means the state wouldn't bother selling them off cause no profit (then he can claim he has real estate and puff up his image still, not as bad of an image hit) or just start at the top and go down the list and see what it gets them and leave Trump with bills. Actually kinda curious on what the options really are.