What property of Trump's should the NY A.J. seize first?

[Emile]

I think she should seize his airplane first. Make the loser fly commercial, that'll kill him.

What's your first choice? Most of his properties he doesn't actually own.

[claudette]

1. I'd say

Mar-A-Loco

[lame54]

2. His make-up kit

[brooklynite]

3. NOT-HOW-THIS-WORKS

The goal is to collect the owed penalties as quickly as possible, NOT to "make him hurt". That means starting by attaching bank accounts with liquid assets, then going after securities and then properties which aren't largely encumbered by mortgages and are most salable.

[Emile]

10. .

?si=w4SCMxMLKeWYGK0M

[Think. Again.]

4. Just hit everything, all at once, right away,....

...and toss back any extra later.

[RainCaster]

5. Mardo Lardo, then every golf course

By the time they pay off all the notes, NY State may get only $5 on each property. The news will come out- Cheetolini is the King of Debt. His true net worth may be well less than any other billionaire.

[GP6971]

6. His buddies would just

make their private jets available.

[Squaredeal]

40. Doesn't matter. Take his 757 emblazoned Trump that he takes to his rallies.

Unless his plane is already encumbered, that is. He recently had it repaired so it can fly again and should easily sell quickly.
Then go to his residences and remove his furniture to be auctioned off. That should raise a good amount, as bidders are looking to purchase Trump memorabilia. “Hey, this was one of Trump’s chairs from his Mar-A-Lago Oval Office”, you can tell visitors to you home or office.

[Ping Tung]

7. His warehouse full of knee-length pink ties.

And, of course, his cosmetics and hair growth ointments.

[Brother Buzz]

13. I understand that warehouse has an enormous walk-in freezer chuck full of

Freezer burned steaks and it is stacked to the rafters of bulk buys of his best selling book, "The Art of the Deal".

[Wicked Blue]

43. Don't forget the ketchup packets

[2naSalit]

8. His...

Bank accounts. She can get those fastest, then she will start taking real estate.

Taking his cash on hand will leave him with no way to make payroll or anything, like fuel for the plane and upkeep for all his properties.

[anciano]

11. Yep, bank accounts.

Cash is king 💰

[Hugin]

20. TSF can pick up some folding money by doing inspirational speaking...

Living in a plane down by the river.

[2naSalit]

22. LOL!

[intheozone]

9. His plane, park it in a hanger, take it out of campaign use! nt

[louis-t]

12. I heard he owns parts of the properties.

NY Real Estate is weird. You can own parts of a building or services. He owns a restaurant, the room service kitchen, the parking garage and one unit at the tower.

[MichMan]

14. How do they seize a property that he only has a partial ownership in?

[NanaCat]

17. Easy

The same way one would seize a business or condo inside a larger building: Seize that particular part of the building, sell it, get the money.

What, did you really think condos were exempt from asset seizure just because their owners possessed only that one small part of a building, but not the rest of it? So if a bank or a court order can force seizure of a condo, either can force seizure of a partial ownership in a building.

I'm an idiot about business and even I know that if someone has a legal right to seize assets, then it doesn't matter what percent of something an asset is. Only that it's an asset and thus subject to seizure.

[MichMan]

24. It was just a question

If I buy a house with a couple other partners, and I get a judgement against me, that must mean that the courts could take possession of my 1/3 of the property.

In my example, that would be one bedroom and small bathroom and 1/3 of the living room, kitchen and garage, that would be seized and padlocked, while the remaining 2/3 would remain the property of the others. I assume that that 1/3 share could then later be sold to whomever comes up with the money.

Now if a bank is the lienholder, they would be the one that would claim the proceeds, correct?

Wasn't sure how it would be physically seized and divided up with a value determined. Thanks for the clarification.

[Basic LA]

15. His gold toilet in Trump Tower.

I wonder if they can only seize property in the state of NY.

[Emile]

16. LOL 🤣

[2naSalit]

23. Property owned by the business...

Which it appears that even their homes are, are subject to the judgement regardless of physical location, I think. I could be wrong but that is what I think it is.

[Basic LA]

34. Good!

A larger target.

[2naSalit]

35. Yessss!

[dutch777]

52. Per NYT they can seize his property anywhere, just more paperwork if out of NY state. Quick hit $$$ are in NY state.

[Basic LA]

63. GTK. Thanks.

Hope they sock it to him.

[Tickle]

18. Can they sell his property

while he's on an appeal?

[MichMan]

25. I'm guessing yes.

They would just have to buy it back from whomever it was sold to if he prevailed.

[Dirty Socialist]

19. His name

Didn’t he say his name was worth $3.5 billion? Take that. If we took his name away, everyone would have to call him The Former Guy.

[MichMan]

31. Seems improbable that NYS would pay him the remaining $3 billion

[EarthFirst]

21. I believe the first assets will be the Seven Springs golf course and the adjoining estate in Westchester...

The judgements were filed last week I do believe.

[DFW]

26. I was about to say.....

Any property to which he truly has title, clear and free.

He is so in hock everywhere, I have to wonder which of "his" properties are ones in which he owns a controlling share?

The old question: if you have borrowed $5 billion, and have $3 billion that you can come up with, are you then really a billionaire, or are you hopelessly broke? Answer--you are still rich until people to whom you owe more than $3 billion want their money back. After that, you're not worth a dime. It's a big game of musical chairs, and no one wants to be the one left empty-handed, so no one dares to be the first to say they have seen that the emperor really has no clothes. No bank exec wants to be the one to admit he approved a nine figure loan to a guy who was already two billion in the hole, and whose collateral turns out to be owned by someone else entirely, but he forgot to check.

[MichMan]

28. According to Post #17, anything he has any interest in can be seized and taken possession of

Regardless of the amount he controls or owns

[DFW]

33. If that amount turns out to be zero, then what?

I think a lot of his supposed net worth is smoke and mirrors at this point, and if the true owners turn out to be Putin or the Saudi Royal Family, the courts can try to seize all they want, but if Trump no longer has any claim at all to ownership, there will be nothing to seize.

[MichMan]

48. Say it is worth $1 and seize it anyway.

That way after you seize everything, he will still owe 99% of the balance.

[NoMoreRepugs]

27. Whatever is easiest to sell. Get the damn money.

[sop]

29. "What property of Trump's should the NY A.J. seize first?" Seize Melania.

The woman needs a break. Someone should organize the "Free Melania" campaign.

[PJMcK]

45. Sorry, she's worthless

We New Yorkers want Trump’s money to pay us back for all the money he’s cheated us out of.
Melania is past her sell-by date.

[Vinca]

30. I think she'll have a hard time finding equity in anything he "owns."

[BigMin28]

32. Start with the cash.

Empty his bank accounts. Take his whatever money he does have. That alone will drive him insane. Well, even more so.

[2naSalit]

36. ...

[dembotoz]

37. something.....anything......just do it....NOW

[Johonny]

38. His spray tan booth

[Emile]

39. LOL 😂

[OLDMDDEM]

41. His bank and investment accounts.

[tinrobot]

42. They could take his janky private jet and sell it for scrap

Scrap it because Boeing jets aren't doing well on the used market these days.

[Blue Owl]

44. Herve Villachez agrees -- de plane!

?si=EdGyhVH8Oz-gX-q2

[Emile]

46. Tattoo would know, lol 😂

[KentuckyWoman]

47. Busting up ... I like your idea... take the plane.

Although I'm unsure she can take anything that isn't in NY.

[Emile]

49. He will be in NY today for the hush money trial.

[BlueKota]

57. That would be perfect.

When the trial goes into recess for the day. he goes to get back on the plane, only it's gone. 🤣

[dclarston13]

50. He is so leveraged its not funny

I would not be surprised if most of his properties are underwater. The real defeat will come from him being exposed as broke. How much will that will become public, though?

[dutch777]

55. Yeah, doubt he owns much free and clear. A $100 mil property may be 10% Trump's and 90% banks'.

So, may compel the AG to encumber a much larger number of properties to get to the $464 million to cover Trump's judgement. Works for me!

[MichMan]

61. This is the part I'm not understanding the logistics

I know zero about real estate forfeitures. Assuming what you said as a hypothetical is true that Trump owns 10% and someone else owns 90%.

How does NYS get their money?

Force the property to be sold and pay the lien holder the $90 million portion they own? What happens if it is underwater? Who eats the loss?

Or, if it isn't a bank holding the 90%, but other investors? Can they be forced to sell even though they own 90%?

On another post I was told by another poster that NYS would just physically seize the 10% by taking one tenth of the building and changing the locks etc. How would they determine which 10% ? What if they can't come to an agreement with the 90% stakeholder? Seems very complicated

[dutch777]

62. Certainly some complexity. Like a golf course...you going to put up barricades around two holes and a few of the....

...bar stools at the 19th Hole clubhouse? I think if it is say Trump's condo in Trump Tower, sure, change the locks. But in the golf course example shutting down some holes is not practical on a number of levels. You would likely just advertise sale of a 10% stake in a fully operational gold course and it's all just basically paperwork, not a physical seizure.

[bucolic_frolic]

51. Go for the gold! His HAIR!

[True Dough]

53. Leave him financially

STRANDed!

[BlueKota]

58. The person who retrives it should wear gloves and a gas

mask.

[DaBronx]

54. Easy choice

Da plane! Da plane!

Plus I would like to see the NY AJ personally walk up the stairs to inform him. “Get
Your fat ass off my plane.” I’ll have to think of a good song for background music.

[Conjuay]

56. HIS BIG FLIPPIN' MOUTH!

Then his air accordion.

[Captain Zero]

59. 1. Golf Course Properties

2. Limos and Jets
3. Microphones and PA systems.
4. All IT equipment and infrastructure owned directly by him.
5. Hotels

[DaBronx]

60. I appreciate your thoughtful list!!

Squelch communication!