Have you ever applied for a loan, using your property or some asset as collateral against the loan?

[Bricealan]

I have, and have gotten "lines of Credit' that I have used for long periods, and used the 'loans' for various reasons: Travel, home improvement, etc. and always paid the loans back when they were due.

The bank, Chase, in this case, gave me the 'lines of Credit' based on THEIR evaluation of my home value, and my assessment (which was not a requirement) never came into play. Large commercial lenders, do not make loans based on the assessed value of the property owner, they are not that stupid!

This is what is the core of the criminal preceding, that this NY criminal A. G, is doing against Donald Trump. There was no such thing as 'Fraud' committed, by Trump, and now this criminal organization is threatening to Seize' his assets, if he does not pay this 'extortion'

If this insanity is allowed to go forward, ladies and gentlemen, we are in deep shit in the United States, and it is a very sad time to see this allowed to happen

As an addendum to this post, I had applied to CHASE for a 'car loan' on my Tesla Model S. At the time, TESLA was not the most highly valued car company in the United States, and CHASE would not loan the money (If you can imagine that?) My point: ? Banks do not make loans that they believe are not 'sound', and at the time, CHASE was that conservative.

I rest my case.

[MiddleAgedClimbee]

I would be interested and blown away if I could find any unbiased research/articles regarding the court case of which you speak. In many cases, banks, and lenders loan money, based on the ability/perceived ability of an individual or company to repay the loan. First time homebuyers are an example of this, as well as automobiles purchases, if no trade-in or money down is presented.
I imagine the former president's financial details are cloudy at best, much like other extremely well-off individuals/corporations.
I find it hard to believe that he doesn't enjoy the press/notoriety of the situation.
as far as taking out secondary lines of credit based on real estate value, we have not done that.

[MiddleAgedClimbee]

Hopefully, he won't default on the loans that he has taken out to continue his expansion of overpriced hotels.

[Bricealan]

@middleagedclimbee I have no idea of how to respond to your comment? "His expansion of overpriced hotels"? What does that mean, overpriced to whom? The bank that loaned him what he asked for based on some supposed 'inflated' value? Do you think the banks are not up to evaluating the value of his 'over pricing". With your sarcastic comment, I have no idea of where you stand on this criminal preceding against the man?

[MiddleAgedClimbee]

I appreciate you reentering me on this topic. My dislike for individuals who seem to thrive on being the center of attention, especially negative attention got the best of me. Blame can be associated with our judicial system which allows lawsuits to be brought, regardless of validity. I think those in the spotlight are fairly easy targets for those who wish to be in the spotlight. Wouldn't you agree? No doubt you can entertain that. I'm not a big fan of Donald Trump nor am I a fan of most people across the aisle from him. Hopefully, individuals who put celebrities and government officials on a pedestal quit doing so in the near future. They are not great examples of humans working to benefit our country or world. They are selfish, just my opinion.

[jamesgoldman]

No, never had the need

[gorydetails]

Wait, they didn't accept "trust me, bro"?

[Bricealan]

@gorydetails You are just trying to be funny... aren't you, or are you just that ignorant of business transactions?

[gorydetails]

According to the suit against trump the bank just took his word on what he said the property was worth and gave him loans for more than the property was worth.

[Bricealan]

Any bank does NOT loan money to anyone, based on the restorers evaluation of the property value, that is why they have appraisers.

[NathanDavis]

nope...