Subj : Property Value
To   : All
From : IB Joe
Date : Wed Sep 27 2023 10:00:10

New front with the lawfare against Trump... New York Judge says Trump has inflated property values to get loans on properties at values that he might not have gotten if he had not inflated the value of the properties...

I have a real estate license in Florida and Canada.... and from my experience I think this judge is out of her mind.

Here's the Judges problem.... Both sides in the transaction are represented... The bank usually does not take the seller/owners word on the value of the property... they get it appraised and or have a CMA (Current Market Analysis) done on it...  Now, this is simple if you are selling your home... if you have properties that Trump has the bank will have a team of accountants, lawyers and other experts to put a value on a property... A property has a subjective component to it... The value of a property is really what a person wants to sell it at and an other person agrees to pay that price...

If the bank is not willing to finance the property based on what they value the property at... then so be it... Buyer can pay cash or meet the banks value by coming up with a larger down  payment.

I personally think there is a real estate bubble in the US that is going to burst in the months ahead.... So, there are about to be a bunch of properties out there  that are going to have negative equity... That is not the buyers fault... or the bank's fault... or the sellers fault... It's a free market and some times the subjective value of real estate changes... 

IB Joe, Pronouns (FJB/LGB) 
AKA Joe Schweier
SysOp of 4A 6F 65 73 42 42 53  
-=JoesBBS.com=-

.... Nine times out of ten the statisticians are wrong

--- Mystic BBS v1.12 A49 2023/04/30 (Windows/64)
 * Origin: JoesBBS.Com, Telnet:23 SSH:22 HTTP:80 (1:342/200)

.