Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: PMAS

That’s missing the point, badly. The case brought against Trump claimed he knowingly falsifying mortgage applications, which is a felony. The tricky part, and the main reason this case is weak, is they have to prove intent to defraud the lender. Trump has his valuation and while the numbers might be outrageous, they cant prove he had intent to defraud. The fact that he paid off many of these loans proves otherwise.


19 posted on 11/03/2023 8:50:02 AM PDT by Jonny7797
[ Post Reply | Private Reply | To 2 | View Replies ]


To: Jonny7797
Trump has his valuation and while the numbers might be outrageous, they cant prove he had intent to defraud. The fact that he paid off many of these loans proves otherwise.

Didn't Trump also have a “disclaimer clause” about his valuation?

It said something about the valuation may be wrong and that the bank should do its own due diligence.

Beyond that, aren't all valuations opinion, and that it was only the facts on the property, the building size, the lot size...etc, that are subject to fraud claims?

22 posted on 11/03/2023 9:17:20 AM PDT by FreeReign
[ Post Reply | Private Reply | To 19 | View Replies ]

To: Jonny7797

You can put any value you want on a loan application, the bank ultimately decides what they will lend you


30 posted on 11/03/2023 12:46:55 PM PDT by PMAS (Vote with your wallets, there are 80 million of us - No China made, No Amazon)
[ Post Reply | Private Reply | To 19 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson