Far from broke. Plenty of money mostly in hard assets real estate. The problem is the short amount of time given until deadline to secure money on his property. A loan for a newly purchased 3 bd house takes at least 20 days. Then you have insurance companies that would not deal with such a high amount for bond and don’t hold any property as assets regardless of wether it was Trump or Obama. This is a stupid case anyway. $18m million evaluation of mara lago, also stupid. A lemonade stand next door in that area would go for $30m. Mara lago sits on 17 acres. Besides everyone throws out numbers when refinancing or trying to get a loan on the house. Even if you were to sell your home you can price it at $2m and a potential buyer walks in and offers $1.5m. According to this case every home owner in America is now a fraud. A very stupid stupid stupid case.
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Far from broke. Plenty of money mostly in hard assets real estate. The problem is the short amount of time given until deadline to secure money on his property. A loan for a newly purchased 3 bd house takes at least 20 days. Then you have insurance companies that would not deal with such a high amount for bond and don’t hold any property as assets regardless of wether it was Trump or Obama. This is a stupid case anyway. $18m million evaluation of mara lago, also stupid. A lemonade stand next door in that area would go for $30m. Mara lago sits on 17 acres. Besides everyone throws out numbers when refinancing or trying to get a loan on the house. Even if you were to sell your home you can price it at $2m and a potential buyer walks in and offers $1.5m. According to this case every home owner in America is now a fraud. A very stupid stupid stupid case.
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