If this ridiculous ruling doesn’t boomerang back to the judge and the AG I’ll be thoroughly disgusted with the judicial abuse in this country.
Folks, if any estimate of a property’s market value, NO MATTER HOW WRONG, is called a lie and a fraud, and If any lie can put a borrower out of business, even if there is no reliance on it by the ledner, the entire nature of loan transactions will need wholesale realignment, at great expense to both borrower and lender.
Judge Engoron and Letita James have set a very dangerous and fascistic precedent in New York. If the higher courts don’t overturn this decision, New York State is DOOMED.
MAJOR REAL ESTATE INVESTORS are already ailing out of NY.
Cardone Capitol is selling MUNI bonds before maturity-—and bailing out.