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Letitia James is allowed to start the process of seizing Chumps properties starting Monday.
I'm kind of thinking that he might actually have the money on hand or at ;east most of it (with the rest coming from donations) I base that on a couple of things, first off he was quoted a few times about have around 400 Million cash. Also I heard a report this week where Don Jr. was talking about some new construction on one of his golf courses that cost around $15 Million. So I suspect all this whining about not having the money and all the efforts to find some other way to cover the bond is just him not wanting to give up his cash because it will wipe out his cash reserves which will severely hinder his campaign and/or ability to do thinks liike fuel his plane or cover Melania's hair care needs. Ao he's trying all these other ways to get someone else to cover things but if push comes to shove he'll come up with the bond at the last second rather then let his properties be seized and sold off. Either way, as I said before, it couldn't be happening to a more deserving guy. Frankly I hope I'm right because as entertaining as it would be to see him lose his properties it would be more entertaining to see him actually be broke. I keep imaagining him standing on a corner of 5th Avenue with a sign saying "Need money for jet fuel"
i don't think he EVER had a billion dollars worth of anything except in his head. everything that has his name on it drops in value daily, is losing money (looking at YOU, golf courses) or banks actually hold title, not Chump. if we could buy him for what he's worth, and sell him for what he THINKS he's worth, we could all retire with our own island in the (pick your ocean/sea) for weekend getaways...
Actually you don't need the bond to file an appeal, in fact Trump has already filed the appeal. All the bond does is that it stops anyone from being able to start seizing assets. So if Trump doesn't come up with the bond by Monday then AG James will start seizing properties and bank accounts, she's already filed the necessary paperwork in the applicable jurisdictions (except maybe Florida). So she'll be able to start first thing Monday morning. Now let's assume that's what happens, as soon as she seizes properties she'll start to move on selling them with the focus being on doing so quickly rather then getting the most money, which means she'll get less then the fair market value. Once sold the first thing that will happen is any other liens already on the buildings will be paid and then she'll get whatever is left Shhe'll repeat this process with as many buildings as it takes to raise the full bond amount. Now like I said, Trump will still be able to appeal. If he wins then thhe money AG James raised and any unsold properties if any (not likely) will go back to Trump but the buildings sold to raise money for the bond will remain lost to him because they are now owned by whoever purchased them and they will be under no obligation to sell them back to Trump at the same price they paid. They could, if Trump really wanted the property back bad enough, sell the property back to him but it will almost certainly be at a price for which the owner makes a profit, how much will be up to the new owner. Now if Trump loses the appeal then that's it, game over, the bond money will go to pay off the judgement to whoever it was awarded to, in this case I believe that will be the City of New York. Additionally if AG James was unable to raise the full amount of the bond then Trump will still owe the difference. If there happens to still be any buildings not yet sold they'll remain in AG James control and still eligable to be sold until the remaining amount is raised or paid back by Trump. It's being reported that most of Trumps properties are heavily encumbered by mortgages and loans which means there won't be much left to go towards the bond and so it's not likely that there will be much left unsold unless there is just nobody interested in them. Again though, they'll still remain in AG Jame's control until the full settlement + interest has been paid.
That's a pretty fair analysis. Back in 2015 Forbes had him valued at around $2-3 Billion which of course was not enough to get him on their Elite Fortune 500 list. In their 2024 list Trump would need to be worth more then $5.9 Billion just to get the number 500 spot. Unfortunately for Trump Forbes currently has him at $2.6 Billion which is probably fairly accurate since that's about what they had him at in 2015. Alas that puts him at the 1287 spot. That is based almost entirely on his properties which as you noted are almost all heavily mortgaged. From what I've seen reported he only has one property that is entirely his, which is Mar-A-Lardo but that's only worth between $18-27 Million currently. Unfortunately because Trump has it zoned as a social club for tax purposes it makes it very difficult to sell. It is also difficult to sell because it's considered a historic landmark and as such there are all sorts of restrictions on what can be done with the property.i don't think he EVER had a billion dollars worth of anything except in his head. everything that has his name on it drops in value daily, is losing money (looking at YOU, golf courses) or banks actually hold title, not Chump. if we could buy him for what he's worth, and sell him for what he THINKS he's worth, we could all retire with our own island in the (pick your ocean/sea) for weekend getaways...
Okay, I apologize for using the incorrect term but I'm confident everyone knew what I meant. In my defense though I do keep mixing it up between civil and criminal because it's so close to the NY fraud case for the Stormy Daniels hush money payments. By similar I mean they're both in New York and both involve fraud.
Nope you're still not getting it quite right. From the day the judgement was placed Trump had 30 days to come up with the bond or pay the debt. During that same time he could have filed for the appeal at any point. Trump chose to do it right away because he was sure he was going to appeal and back then he probably felt pretty confident that he could raise the money for the bond some how. AG James has to wait until Monday before she can start seizing anything. At any point from the day the judgment was made against Trump there were other things she was able to do to prepare for seizure. First as a matter of procedure she had to file the judgement with the courts in the jurisdictions that they exist. Since his properties are scattered about she had to file those judgements with several different courts. I think the properties in Manhatten were kind of automatic since that's where the trial took place, so no need to fle the judgement there since the Manhatten courts already had the judgement on file from the trial she did go ahead earlier this week and file in the other jurisdictions except Florida (at the time of when I saw that report) although I'm sure by Monday she'lll have filed in the appropriate Florida courts for Mar-A-Lardo and then for the golf course he owns in Florida (I think it's called Doral). She was also able to place liens as soon as she had filed the judgements and in a report I heard this morning she did that already on several properties. That's allowed to protect against the possibility of Trump trying to liquidate those assets before the due date to prevent from having those assets seized. I imagine by the end of the day she'll have placed liens on the Florida properties as well. All of that is just preperation though but come Monday morning if Trump hasn't paid his bond somehow she'll be able to immediately start seizing all those assets because of that preperation.
Ah okay again I apologize, I see now that your comment about guilt/ liable wasn't directed at me. To be honest I didn't bother to check to see who you were talking to and just figured it was me because I could see me making that mistake. I did go back and check now and do see who you were directing that at.
The stories were different and have evolved. Perhaps this is part of the where we are at. Just today I heard it mentioned that the 30 days was not obligatory and this was a courtesy from LJ due to the large amount.
