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<blockquote data-quote="spokey9" data-source="post: 8885004" data-attributes="member: 685744"><p>Every developer applying for a loan evaluates the collateral property to what they think the value is...and banks counter their evaluation and both sides decide whether or not to proceed. The case in NY fails the smell test when the judge and prosecution declared Mar a Lago is worth 10m...way smaller and less desirable properties around there sell on the open for well beyond that price tag...</p></blockquote><p></p>
[QUOTE="spokey9, post: 8885004, member: 685744"] Every developer applying for a loan evaluates the collateral property to what they think the value is...and banks counter their evaluation and both sides decide whether or not to proceed. The case in NY fails the smell test when the judge and prosecution declared Mar a Lago is worth 10m...way smaller and less desirable properties around there sell on the open for well beyond that price tag... [/QUOTE]
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