Kansas Crimson

BasketballJayhawk wrote: ↑Wed Jan 19, 2022 12:37 pm Weird that "lenders" are included, doesn't make sense to me without additional details. No lenders that I know of lend money based on collateral values listed on the borrowers PFS. They have to order appraisals that value the property if they are FDIC insured. That is how banks/lenders determine collateral value. Not by taking the borrowers word for it.

I figured he was over inflating values with a crooked appraiser to benefit from more depreciation expense...or on the flip side finding an appraiser to under value them to benefit from less property taxes.

Weird to over inflate based on the limited details so far.

Overlander wrote: ↑Thu Feb 10, 2022 3:05 pm

BasketballJayhawk wrote: ↑Wed Jan 19, 2022 12:37 pm Weird that "lenders" are included, doesn't make sense to me without additional details. No lenders that I know of lend money based on collateral values listed on the borrowers PFS. They have to order appraisals that value the property if they are FDIC insured. That is how banks/lenders determine collateral value. Not by taking the borrowers word for it.

I figured he was over inflating values with a crooked appraiser to benefit from more depreciation expense...or on the flip side finding an appraiser to under value them to benefit from less property taxes.

Weird to over inflate based on the limited details so far.

I imagine that you are way up in the chain of management, and have in depth experience of how the banking relationships of banks and billionaires is structured.
Right?

BasketballJayhawk wrote: ↑Thu Feb 10, 2022 9:09 pm

Overlander wrote: ↑Thu Feb 10, 2022 3:05 pm

BasketballJayhawk wrote: ↑Wed Jan 19, 2022 12:37 pm Weird that "lenders" are included, doesn't make sense to me without additional details. No lenders that I know of lend money based on collateral values listed on the borrowers PFS. They have to order appraisals that value the property if they are FDIC insured. That is how banks/lenders determine collateral value. Not by taking the borrowers word for it.

I figured he was over inflating values with a crooked appraiser to benefit from more depreciation expense...or on the flip side finding an appraiser to under value them to benefit from less property taxes.

Weird to over inflate based on the limited details so far.

I imagine that you are way up in the chain of management, and have in depth experience of how the banking relationships of banks and billionaires is structured.
Right?

You don't get property values from a personal financial statement. It's federal regulation that all transactions secured by real estate have an appraisal ordered by the bank. Entry level credit analysts know that. Not just CEOs and Chief Credit Officers.

Weird attempt at an insult.

Also, is trump really a billionaire? Assets - liabilities = net worth

Overlander wrote: ↑Fri Feb 11, 2022 12:41 am

BasketballJayhawk wrote: ↑Thu Feb 10, 2022 9:09 pm

Overlander wrote: ↑Thu Feb 10, 2022 3:05 pm

I imagine that you are way up in the chain of management, and have in depth experience of how the banking relationships of banks and billionaires is structured.
Right?

You don't get property values from a personal financial statement. It's federal regulation that all transactions secured by real estate have an appraisal ordered by the bank. Entry level credit analysts know that. Not just CEOs and Chief Credit Officers.

Weird attempt at an insult.

Also, is trump really a billionaire? Assets - liabilities = net worth

Thank you so much for proving that you are clearly not an expert in your field.

BasketballJayhawk wrote: ↑Fri Feb 11, 2022 3:49 am

Overlander wrote: ↑Fri Feb 11, 2022 12:41 am

BasketballJayhawk wrote: ↑Thu Feb 10, 2022 9:09 pm

You don't get property values from a personal financial statement. It's federal regulation that all transactions secured by real estate have an appraisal ordered by the bank. Entry level credit analysts know that. Not just CEOs and Chief Credit Officers.

Weird attempt at an insult.

Also, is trump really a billionaire? Assets - liabilities = net worth

Thank you so much for proving that you are clearly not an expert in your field.

Trying way too hard...and not really even making sense.

You should probably stick to boats and jeeps.

TDub wrote: ↑Fri Feb 18, 2022 6:31 pm golf cart wrecks! I put a bridge abutment and guardrail through the front of one...that was kinda expensive..

I also rolled one into a sand trap....that wasn't terrible, was a bitch getting it out though.