More on Trump Property Appraisals

[Bob Ipock]

In short, JE rule requires appraisers to yield to the court. (not that courts have to yield to USPAP)

 

[glenn walker]

Ok, I see the angle now, Glenn.

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.

There is no USPAP in this case the State Licensing Board has not reviewed the appraisals nor charged the appraisers with any USPAP violations. The Judge is on a witch hunt and is wasting her time

 

[glenn walker]

In short, JE rule requires appraisers to yield to the court. (not that courts have to yield to USPAP)

The Judge has never invoked any USPAP charges as the State has never paid to have any other outside appraisals completed. In Summary its not a case about USPAP or where it even matters. Its a criminal trial not a real estate trial.

 

[Carnivore]

Trump was a democrat that vast majority of his life.

 

[Sadie]

I’m not very partisan .. I just see with my eyes and watch events.

If Trump were a democrat … he would be widely lauded as the greatest President since FDR and his wife the most beautiful First Lady in history.

He is absolutely a generational phenomenon.

There is no denying it and anybody who does is either an idiot or a liar.

So? Ronald Reagan was also a Democrat before he was a Republican and HIllary Clinton was a Republican before she was as Democrat. That means nothing.

 

[glenn walker]

Donald Trump's longtime appraisers say NY AG Letitia James is violating their clients' privacy — but what she really wants to probe is them​

Correct Her goal was to have prosecutors shake down the appraisers ad accountants into admitting they created false accounting and false values. Where she got her razz in a wringer is her stupid prosecutors claimed they had created both inflated values and underinflated lower values. She has no evidence of that so she was using the old FBI playbook where you use process crimes or try to get the person to commit perjury. Example: FBI arrives and asks me if I was at Denny's at 7 AM Friday Morning . I respond with no I was there at 8 AM. Now they write down I had lied as they had me on video at 7 AM. Next in-court a Judge asks me the same question and I give her the same story. She now can say I committed perjury. Now the shakedown comes as Prosecutors play good cop bad cop on me and tell me that if I only admit I did such and such They would ask for a 90 day sentience instead of five years. NOW Since the C & W Appraisers have good legal defense as do the Accountants they are not going to get caught in a perjury trap and so their attorneys just drag it out and on and on it goes.

 

[George Hatch]

There is no USPAP in this case the State Licensing Board has not reviewed the appraisals nor charged the appraisers with any USPAP violations. The Judge is on a witch hunt and is wasting her time

As I read it the appraisers are claiming confidentality. They're trying to city USPAP as a defense for violating a court order, setting USPAP against the law. If so, they can't do that. If they're arguing confidentiality on a contractual basis there will be legal precedents preventing that, too.

If I knock over a liquor store, I don't get to cite a contractual agreement with my accomplices as a defense against the court's inquiry into the matter.
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Now the critics might be right about the AG trying to shake down the appraisers for political purposes, but IRL the legal system does get used that way on a regular basis. Can't stop that from happening unless the lawyers can do so within the letter of the law.

 

[glenn walker]

The appraisers are claiming confidentality. They're trying to city USPAP as a defense for violating a court order.

Wed May -11 2022

• Commercial real estate services giant Cushman & Wakefield appealed a judge’s order that it comply with subpoenas issued by the New York attorney general’s office seeking documents related to its appraisals of properties owned by former President Donald Trump’s company.
• Cushman & Wakefield argued that complying with the subpoena for tens of thousands of pages of documents would compromise the confidential information of nearly 1,000 of its clients who have no connection to the Trump Organization.
• New York Attorney General Letitia James is investigating how the Trump Organization valued certain real estate assets.

 

[shrubberyvaluation]

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.

I haven't looked into it but there has to be some appeal process. Otherwise vindictive prosecutors can just tell you to turn over 40 years of appraisals and their workfiles. 6 years of reports is different than wanting the reports in question. It is a fishing expedition.

 

[shrubberyvaluation]

Wed May -11 2022

• Commercial real estate services giant Cushman & Wakefield appealed a judge’s order that it comply with subpoenas issued by the New York attorney general’s office seeking documents related to its appraisals of properties owned by former President Donald Trump’s company.
• Cushman & Wakefield argued that complying with the subpoena for tens of thousands of pages of documents would compromise the confidential information of nearly 1,000 of its clients who have no connection to the Trump Organization.
• New York Attorney General Letitia James is investigating how the Trump Organization valued certain real estate assets.

Right the issue is that its a fishing expedition, they are not fighting the subpoenas for Trump related appraisals.