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So Judge Arthur Engoron and New York Attorney General Letitia James valued Mar-a-Lago at $18 million in 2011 to $27.6 million in 2021. Trump and his lending institutions said much higher topping out around $739 million. So we need to determine how these two real estate experts came up with their figures.
It seems that Engoron has a daughter. Loren Merchan president of a Chicago based political consulting firm, Authentic Campaigns, that managed to use the case to raise $93 Million in campaign contributions. Let's leave that one alone for a moment as I know as a father my children can work whatever job they wish and connecting the connection would be suspicious at best.
However, it seems there are reports that Leticia James is an expert in using shady practices in real estate transaction. Published reports say that in order to get a favorable loan on a five family property in Brooklyn in 2001 she claimed it as a four family property to get a loan reserved for four family properties. She has continued this continued this misrepresentation continually for getting building permits and other mortgage documents and applications. This representation qualified the property for lower interest rates.
Then in 1983 there is an allegation that James stated her father was her husband on signed mortgage documents.
2023 gives rise to another statement of condition for the purpose of getting lower interest rates. It seems James bought a property in Norfolk, VA. At this time James is the sitting Attorney General of New York. Thjis position requires her to have her primary residence in New York State. This statement of residence was designed to get a better mortgage rate.
So yes, Letitia James is an expert on the various processes of mortgage fraud. But if she were such an expert, should she not have questioned the value a bit higher to make the case more believable?
