[stig]

If all, or most, loans have been paid off, there are no, or few, liens.

That is true but in most real estate business current assets are usually leveraged to pay for the next project. So it's a constant cycle of taking out a mortgage then paying it off. Which would mean a good percentage of his properties have some bank on the hook.

[RoosterRedux]

Your point is well-taken in general. I was speaking of the properties and loans which were the subject of the NY case (Letitia James/Judge Engoron). The bankers had all indicated that the loans involved were completely paid off. And to the best of my knowledge there were no other significant liens on those properties.

But you are certainly correct in that Trump may have put liens on those properties to raise cash and it didn't come out in the proceedings.

As you imply, if AG James seizes those properties, the lien holders, if any, will certainly be heard from.

I don't know about court seizures of properties but tax seizure liens usually take precedence over all other liens. It will be interesting to see how this situation plays out.