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Reply to "What is going on with all the mortgage fraud?"
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[quote=Anonymous][quote=Anonymous]When comparing these cases, the distinction is clear. In Cook’s case, there was a claim of having more than one primary residence at the same time. That’s a factual impossibility. You can only have one true primary residence, and mortgage contracts typically require you to move in within 60 days and occupy for at least a year. Even if you try to play with timing, at the 60-day mark, you’ve either met the requirement or you’ve violated it; there’s no way around it. That renders the claim factually false once that period expires. Trump’s situation is entirely different. His case revolves around opinions of value, not hard facts. Property valuations are subjective ask ten appraisers, and you’ll get ten different numbers. The government leaned on assessed values that were incredibly low (tens of millions for Mar-a-Lago), while brokers and market analysts put the same property in the hundreds of millions to over a billion. Assessed value is set for tax rolls and is always well below what a property would fetch on the open market. In fact, even where Trump is accused of overstating, there’s competing evidence suggesting his valuations were actually under the real market potential. You cannot say with certainty what a property is worth until it’s sold, which makes this an issue of interpretation, not fraud in the same sense as lying about your primary residence. So the difference is stark: Cook’s claim was a factual misrepresentation, provable after 60 days, with no wiggle room. Trump’s valuations were subjective opinions in an arena where no single “true” number exists, and where credible evidence shows the properties were worth more, not less.[/quote] LOL that you think this has anything to do with Cook's real or imagined mortgage fraud.[/quote]
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