More on Trump Property Appraisals

[shrubberyvaluation]

So you're OK with him inflating the values for loans and deflating them for taxes? OK then

Please quote me where I said that. I said I don't believe the AG cares about the appraisal firm. She is doing this to target Trump.

 

[Tawfik Ahdab]

USPAP Doesn’t apply? How’s that?

I’m just trying to understand here, not to be flippant.

If you’re an appraiser in the state of New York, you follow USPAP like Everybody else. At least that’s what I thought.

If a judge orders you to produce papers, there’s no getting around the jurisdictional exception clause of USPAP. At least that’s what I thought.

C&W’s appeal seems to defy that.

 

[Elliott]

Do we know 'anything' about all of this? What was the engagement, who made a loan, what was the LTV, what was the collateral ? C&W is basically saying, 1000 clients will lose their confidentiality if the order is followed. Looks like a fishing expedition, politically motivated. And Trump didn't default on the loan.

 

[glenn walker]

So you're OK with him inflating the values for loans and deflating them for taxes? OK then

I'm OK with it : ) LMAO

 

[Bob Ipock]

A judge has no obligation to accept or enforce any part of USPAP. The JE rule only says an appraiser must turn over information to a judge if requested. USPAP is not a "law". The judge could call this contempt or just not call for the appraisals.

 

[jay trotta]

Even though the CPA's quit, I wonder if they will be called upon to produce those non credible IRS filings over the past 10 years??

That $78 Million tax write off must be interesting....

 

[glenn walker]

USPAP Doesn’t apply? How’s that?

I’m just trying to understand here, not to be flippant.

If you’re an appraiser in the state of New York, you follow USPAP like Everybody else. At least that’s what I thought.

If a judge orders you to produce papers, there’s no getting around the jurisdictional exception clause of USPAP. At least that’s what I thought.

C&W’s appeal seems to defy that.

Its not a real estate trial its a criminal trial involving accounting procedures and USPAP has nothing to do with it. Only State Boards and State Administration Law Judges make decisions on USPAP issues.

 

[Charles West]

As usual there is nothing to see here, there never was and there never will be with the exception of people with low morals trying to say otherwise.

 

[Tawfik Ahdab]

Ok, I see the angle now, Glenn.

 

[George Hatch]

USPAP yields to the law, rule or regulation. If state law includes laws which empower the judge to issue a court order then that's all it takes. We don't get to tell a judge "no" just because we're appraisers.