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Irish_Dem

(82,731 posts)

11. These are the questions everyone is asking.

Reply to RockRaven (Reply #10)

Mon Mar 18, 2024, 11:27 PM

Mar 2024

The experts are saying that Ms. James can put padlocks on Trump's properties.
What she does with them then is up to her.

The state also has the option of keeping the building and making it state property.

I like to think she knows exactly the value of each property and how much she
can get for each one after debts and taxes are paid. Or if it will become state property.

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tRump properties sold off at fire sale prices? [View all] Sibelius Fan Mar 2024 OP

Wouldn't the tower cover the half-billion? RandySF Mar 2024 #1

Trump doesn't own it. WarGamer Mar 2024 #2

And if the asset seized has mortgages/debts/etc, do those get paid RockRaven Mar 2024 #3

Yes, plus taxes on any gains. Nt spooky3 Mar 2024 #5

Yes of course, lenders, state, local, federal taxes on the sale Irish_Dem Mar 2024 #6

Is the state allowed to take assets which "whoops" are so heavily encumbered RockRaven Mar 2024 #10

These are the questions everyone is asking. Irish_Dem Mar 2024 #11

They need to develop a list of all Trump Co. assets. Then figure out the encumbrances, than figure out the current OAITW r.2.0 Mar 2024 #4

That is the major question. Irish_Dem Mar 2024 #8

I think that's what the monitor is supposed to do NanaCat Mar 2024 #18

And, now is a pretty bad time to sell commercial property generally. spooky3 Mar 2024 #7

No doubt...and the big properties are in this class of RE problems. OAITW r.2.0 Mar 2024 #14

Even if there is a building that he owns and isn't leveraged to the hilt, rsdsharp Mar 2024 #9

A Question DET Mar 2024 #12

She can seize his assets outside of New York. dalton99a Mar 2024 #16

Couldn't putin pay someone to buy it at a totally inflated amount so that putin could own trump? mucifer Mar 2024 #13

In theory, but how does that work in reality? OAITW r.2.0 Mar 2024 #15

Isn't every tRump financial transaction being monitored right now? Sibelius Fan Mar 2024 #17

I believe I heard they would take the most liquid assets first. Like GoodRaisin Mar 2024 #19