7 results for "tag:mar-a-lago-valuation"
Judge Engoron and Letitia James should be forced to explain why he ruled that Mar-a-Lago was worth $18,000,000 when, in fact, it is worth from 50 to 100 times that amount. How did the Attorney General of the State of New York force this Corrupt Judge to do that in order to help her narrative - AND WHY?
ABC: “Moens spoke with confidence about his ability to value real estate in Palm Beach, saying that he has sold billions of dollars of real estate since his first sale as a broker in 1982. Asked if any broker has sold more Palm Beach real estate than he has, Moens replied, ‘They don’t exist.’”
AP: “Trump’s defense at civil fraud trial zooms in on Mar-a-Lago, with broker calling it ‘breathtaking’...’It’s something breathtaking. It’s something amazing to see,’ broker Lawrence Moens said.”
“Real Estate Experts in Florida Say Valuation of Mar-a-Lago Cited by Judge in Civil Case Is Based on a Misunderstanding of Basic Real Estate Practice“ https://www.nysun.com/article/error-in-new-yorks-civil-fraud-case-against-trump-is-flagged-by-industry-insiders-who-say-valuation-of-mar-a-lago-cited-by-judge-is-based-on-a-misunderstanding-of-basic-real-estate-practice
A chief property tax appraiser for Palm Beach County, Cecil Jackson, told Newsweek that clubs like Mar-a-Lago are assessed based on membership numbers, dues, and the cost to run the facility. These valuations are “for tax purposes only and not for financing or … for a lending institution,” he said.
“It’s almost obnoxiously low,” another Palm Beach realtor with over 30 years of experience in the area, tells the Sun…Mar-a-Lago has 17 acres and stretches across the island, with beachfront on both sides. “There are no comparables. There’s nothing to go on. It would be like you asking me how much is the Mona Lisa worth?” he says.
“Error in New York’s Civil Fraud Case Against Trump Is Flagged by Industry Insiders, Who Say Valuation of Mar-a-Lago Cited by Judge Is Based on a Misunderstanding of Basic Real Estate Practice—Apparent mistake by Judge Engoron surfaces in his use of a Palm Beach County appraisal of Mar-a-Lago that, an expert says, ‘is detached from the true value of the property.’” —The New York Sun
