Donald Trump’s lawyer Alina Habba blasted partisan New York Attorney General Letitia James over her farcical claims that Trump purposefully overvalued his Mar-a-Lago property in Florida as collateral for loans used in his New York businesses.
“I think you guys need to understand something. Banks hire appraisers…. you are an individual, you go to get something appraised. You say my house is worth X. The bank doesn’t take your word for it. They hire people like that gentleman [an appraiser] to go do their own values,” Habba told the press outside the courtroom. “Now those values are going to be lower than the ones that the homeowner or the commercial real estate owner would use. It is very basic.”
If you take Trump Tower and you take the Trump name off of that building and you put Letitia James’s name on that building.
– Alina Habba, October 2023.
Habba turned her attention to James, stating: “That’s not what this case is about. It has nothing to do with this. Because the statement of financial condition was actually low. The statement of financial condition didn’t include Trump’s ‘brand’… If you take Trump Tower and you take the Trump name off of that building and you put Letitia James’s name on that building, it will not be what it is worth when Donald Trump owns it.”
WATCH:
Bahahahaha hahaha. This is classic Alina Habba smacked down.
Letitia James who? 😆 pic.twitter.com/GBKVygSuwd
— Uncensored USA 🇺🇸 (@CarlosSimancas) October 18, 2023
Manhattan Supreme Court Judge Arthur Engoron previously ruled that Trump had far-over estimated the value of his Mar-a-Lago property, citing the tax assessed value as only being $18 million. Real estate experts have estimated the property to be worth between $200 million and $750 million – far above the amount decided by Judge Engoron.