Jake Broe Stan
Elite
- Joined
- Jul 1, 2023
- Messages
- 4,814
You’re forgetting that fraud vitiates everything.Tax assessed value is not the same as the market value. If Trumped claimed a property was worth $100,000,000 when applying for a loan, it would be up to the bank to do their due diligence and determine if the property appraises at that value. If the bank made the loan based on the $100,000,000 value then they are confirming that the value was supported and that the property, on the day of approving the loan, was worth $100,000,000.
Once Trump made a fraudulent claim on the form he was filling out all the damages became his liability. The line on every contract where it states “I knowingly, to the best of my ability, do hereby attest that all information provided to be truthful and accurate” is the line that got him because he knew the amounts he was claiming were inaccurate.