Quote (YeeHaw @ Jul 16 2024 08:51am)

No. That is negotiation. I start high. You start low. We work towards the middle. You just don’t like Donald trump. End of story.

Again every single person who has ever received a loan must be prosecuted for fraud now.

Every single person who has ever sold a baseball card MUST be prosecuted for fraud.

Everybody on goddamn Facebook marketplace with their 10,000$ 96 ford rangers MUST BE PROSECUTED for fraud.

We will start with season 1 of pawn stars and work out way through the decades. Those will be easy. Everything is on video.

Quote (SharpNips @ Jul 16 2024 08:03am)

“End of story” lol

I’m not even American I don’t really care about Trump TBH he or Biden could win and it wouldnt really have any impact on my life unless they start a world war.

Correct me if I’m wrong but by definition lying for monetary gain is fraud. No?

Quote (tagged4nothing @ Jul 15 2024 08:37pm)

you are stating it as; the agreed upon loan was a fraudulent scheme from both parties. but... for the civil fraud case, it was alleged that Trump defrauded the lender's/insurer's. so, only the orange one should be banned from business in NY as well as fined. the actual other "criminal" you allude to, isn't being accused of anything. they are stated as a "victim" although they claim the opposite. going so far as to invite Trump back for business "at" the trial.

if i thought your lucky cricket was worth $95 instead of $100, then continued to give you $80. how does that make me a criminal?
now, how does that make me a victim like the case alleges?
if we were rping this case, you would be the criminal and i would be the victim. even though i know more about crickets than you do and was able to better assess the value.

Trump claimed his net worth to be nearly 5b. Deutsche Bank estimated it to be 2.65b, and loaned to him accordingly.
the issue is that no "fraud" took place. the "crime" alleged is over-estimation, separately prior to an agreed contract.

this case is an attempt to make this about the estimation of 1 property out of a web of net worth. it wasn't "just" 1 property included in the assessment on DJT's networth by DB.

Quote (SharpNips @ Jul 16 2024 07:13am)

lol :banana:

you can try and sell junk for whatever price you want

But if you lie and say the ford ranger only has 10,000 miles on it when it in fact has 500,000 miles, yea that’s fraud.

Quote (bogie160 @ Jul 16 2024 09:22am)

Real estate is a relatively illiquid market, and the properties big developers deal with in big cities are doubly so. Value is in the eye of the beholder. What the government assesses for tax purposes is different from what the developer thinks he can get, and different from what the bank thinks it's worth as loan collateral. It's not like a case of eggs where we can go down the street and determine that the eggs I'm selling you for $30 a pop are grossly overvalued.

O'Leary was so upset not because he's a big Trump fan, but because he and others can clearly see that they'd be guilty of victimless "fraud" for regular business practice. Hochul had to come out and said not to worry, this new rule only applies to bad people (aka political enemies) like Trump.

Quote (YeeHaw @ Jul 16 2024 09:49am)

So if I tell you my truck is worth 4x the kbb value, that is different than telling you my house is worth more than it is worth, how?

Is your argument a baseball card, a truck, and a gold course are three different things, so overvaluating the golf course is fraud but not the baseball card?

Wouldn’t an overpriced sale be much worse than a loan that is paid in full with interest where both parties are extremely satisfied?

Seems you just don’t like Donald trump, so the things that literally every human being does all the time are felonious when he does it. Seriously, by your logic pawn stars absolutely must have federal agents waiting by the door to wisk away every felon who attempts to fraudulenty overvalue their jewelry or what have you. Straight up Soviet style bag over the head hog tied into a black van waiting outside with the motor running. Honestly I would watch that show. I like your ideas. Accurately guess the current market value of your belongings or be sent straight to the gulag.

Quote (SharpNips @ Jul 16 2024 08:59am)

Yea im well versed in real estate appraisal, I’m an appraiser myself, it’s my job.
I agree with you that market value subjective (eye of the beholder) and 10 appraisers can all look at the same property and come up with different values. As long as you use logic to arrive at your conclusions while following best practices of the profession, all 10 different values are “correct”

However, the problem when appraising properties like these is the appraiser is usually basing a lot of their values on the information provided by the property owner. If the property owner blatantly lies on the information provided to the appraiser, that’s fraud plain and simple.