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In reply to the discussion: Trump says he could appeal New York fraud case ruling to the Supreme Court [View all]azureblue
(2,146 posts)He can appeal all he wants to, but he still has to put up the money. And his fat mouth has put his even fatter ass in a corner now, with the claim of having the cash. What will happen is, barring him actually coming up with the cash, thus making liars out of his attorneys, his property will get seized and sold off. IOW, he will have to put up his "cash", or shut up. But once seized, the banks will call in the mortgages - they do not want to get left out. Once that process starts, he will then have to go to the banks and pay off the mortgages in full. BUT the properties will still be sold, or at least held, to satisfy the ruling. The banks could try to put a lien on the properties, in hopes the new buyer will cover the mortgage. BUT Trump leverages his properties - one property is used as collateral for another property. So this could set off a cascade of banks calling in the loans, which would be far worse than the ruling itself. And if this happens, the banks will line up in court to make sure they get paid. And that is the end of his credit forever.
As best as I understand it, he does not own a single, wholly owned, paid off property. It's all a house of cards, built on over valued property. Which brings up yet another point - getting the properties re- valued. And in NYC's softening office space market, this is not good for him at all..
And threatening to go to the SC, is an empty threat - they will simply kick it back to the state on NY, since it is a NY matter.