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Subjunctive posted:Sure but like a commercial building has a bunch of tenants in it, and the eventual buyer will want them still there probably. What does the sheriff do that wouldn’t be accomplished by the AG just telling the title registry or some other locus of paperwork to amend the ownership? What would the dead people have been opposing? Once a property is seized, the new owner uses the sheriff to serve the eviction notice. In a practical sense, there wouldn't be anyone to evict, though, so it would just be a formality and possibly collecting keys and access codes from the facilities and security staff. psydude fucked around with this message at 07:31 on Mar 21, 2024 |
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Mar 21, 2024 07:27
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You would see sheriffs watching the moving team take all the poo poo out of his penthouse though.
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Mar 21, 2024 11:46
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I imagine it would be like hoarders
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Mar 21, 2024 11:47
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Dumping his drawer of Sudafed into a banker’s box
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Mar 21, 2024 11:56
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psydude posted:Once a property is seized, the new owner uses the sheriff to serve the eviction notice. In a practical sense, there wouldn't be anyone to evict, though, so it would just be a formality and possibly collecting keys and access codes from the facilities and security staff. It's probably similar to what happens if you buy commercial real estate on loopnet. You can buy already occupied properties from the old landlord, eg. Go buy a small commercial building that Bank of America is leasing, you own the building and the lot, and it happens that BofA has a 10-year lease remaining on it. As far as the tenant is concerned they write a check to New Owner LLC for the lease going forward depending on the state. From my experience, most business campuses and moderate to large properties are held in a property specific holding company to make it easier to buy/sell/transfer and to avoid a taxation event in some states (eg. Prop 13 in CA).
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Mar 21, 2024 12:01
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Big K of Justice posted:It's probably similar to what happens if you buy commercial real estate on loopnet. Yeah. Commercial real estate companies typically own properties through subsidiaries to make investment/divestment easier as well as provide additional layers of asset protection. The property manager would just have the tenants sign new leases with the new owner and call it a day. But what's funny here is that structure is working against him, since he himself is personally liable, and I'm pretty sure the Trump Organisation is just an umbrella LLC, with Trump as a beneficial owner.
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Mar 21, 2024 12:05
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Just put some brown packaging paper around the ground floor of the structure then have the postal service swing by to stand guard while the collectors box everything up nicely.
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Mar 21, 2024 13:01
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If it’s collateral on a mortgage and it’s seized I’m hoping the bank(s) just get the shaft and have no claim. Some gently caress around and find out when you don’t do due diligence on your investment.
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Mar 21, 2024 13:28
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The big banks own politicians, so they'll get what they want in the end.
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Mar 21, 2024 14:07
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M_Gargantua posted:If it’s collateral on a mortgage and it’s seized I’m hoping the bank(s) just get the shaft and have no claim. Haven't been a lawyer in a decade, was never a New York lawyer, definitely not your lawyer. When property is sold off everyone with a claim against it is lined up based on the priority or seniority of their claim. After the money is collected from the judicial sale, the first priority claim gets paid off. If there is any money left over the next highest priority gets paid. This continues until either the money runs our or everyone gets paid and the remainder returned to the original owner. A cursory reading of the New York rules suggest that a mortgage for the purchase of a property has higher priority than a judicial lien. So I think with low confidence that means if a bank lent the money to buy the property, then they gat paid ahead of New York, but New York gets paid ahead of any equity cash out loans. In a way it's funnier if there are a lot of mortgages ahead of New York because that means they will have to sell off even more properties to get their money.
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Mar 21, 2024 14:36
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Soylent Pudding posted:Haven't been a lawyer in a decade, was never a New York lawyer, definitely not your lawyer. That right there sounds like a falling domino crashing into a house of cards and I'm really OK with that.
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Mar 21, 2024 15:07
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bird food bathtub posted:That right there sounds like a falling domino crashing into a house of cards and I'm really OK with that. Me too Make it happen
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Mar 21, 2024 19:05
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https://twitter.com/NEWSMAX/status/1770835264232882195?t=MGc-_th0OB4ZuLaV2xr8Lg&s=19 Heeeeere we go. Granted, I'm not reading the actual article given the source, but given that the source is reporting it...
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Mar 21, 2024 19:19
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 let
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Mar 21, 2024 19:20
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Hopefully the government gives it a makeover before reselling it
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Mar 21, 2024 19:32
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CBJSprague24 posted:Heeeeere we go. Granted, I'm not reading the actual article given the source, but given that the source is reporting it... Their source was the New York Post and their source was John Barron. Probably a bunch of steps that would have to happen first - like debtors exams, then it's off to liens and seizures. For all we know, Trump Tower could be leveraged all the way to the gold ceilings so there might not even be anything to seize. Really need to open the real books instead of the half-assed version he's probably been keeping for decades. Grip it and rip it posted:Hopefully the government gives it a makeover before reselling it Per Serious Trouble, it would go in a firesale. Governments don't invest into poo poo, they just sell everything, fast, until the dollar value of restitution is raised.
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Mar 21, 2024 19:33
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I'll believe it when the bailiffs move in, but man do I Want To Believe.
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Mar 21, 2024 19:33
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I want NY to go through his assets sheet sorted by “most valuable” and just start selling poo poo off until we hit like his watch or something to finally pay this thing off
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Mar 21, 2024 19:40
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Stravag posted:
Same first thought.
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Mar 21, 2024 19:48
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CBJSprague24 posted:https://twitter.com/NEWSMAX/status/1770835264232882195?t=MGc-_th0OB4ZuLaV2xr8Lg&s=19 
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Mar 21, 2024 19:48
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CBJSprague24 posted:https://twitter.com/NEWSMAX/status/1770835264232882195?t=MGc-_th0OB4ZuLaV2xr8Lg&s=19 You could probably get more if you started selling “relics” to his deranged and devoted followers. A box of pens is a box of pens, but a box of pens used by Donald when writing a letter to get Mexico to pay for the wall… that goes in the shrine
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Mar 21, 2024 19:53
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Crini posted:You could probably get more if you started selling “relics” to his deranged and devoted followers. A box of pens is a box of pens, but a box of pens used by Donald when writing a letter to get Mexico to pay for the wall… that goes in the shrine He could have done that after his presidency and made billions, that's what's so funny about all of this
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Mar 21, 2024 20:04
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The shrine itself being a table he once sat at or a chair he once shat himself in.
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Mar 21, 2024 20:05
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Milo and POTUS posted:He could have done that after his presidency and made billions, that's what's so funny about all of this He would have been fine after his presidency if he just shut the gently caress up and played GOP kingmaker after losing the election.
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Mar 21, 2024 20:08
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Flikken posted:He would have been fine..... if he just shut the gently caress up I mean this is an evergreen statement where he is concerned
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Mar 21, 2024 20:14
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I'm starting to see some posts (nothing concrete yet) about GOP holding a press conference tomorrow (Friday) to denounce Mike Johnson and his actions surrounding the budget/CRs. Apparently half assing your job is also against the GOP platform.
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Mar 21, 2024 20:21
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Milo and POTUS posted:He could have done that after his presidency and made billions, that's what's so funny about all of this
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Mar 21, 2024 20:26
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CBJSprague24 posted:https://twitter.com/NEWSMAX/status/1770835264232882195?t=MGc-_th0OB4ZuLaV2xr8Lg&s=19 “May let” or “will have no loving choice”?
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Mar 21, 2024 20:27
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Milo and POTUS posted:He could have done that after his presidency and made billions, that's what's so funny about all of this There's only so much to grift frow low income rubes. Between his hats and NFTs and coins and shoes he's getting as much of your weird uncle's social security check as he's going to get. And based on the recent reporting of small dollar donations to his campaign, even that group is losing interest or getting tapped out. The bigger grift for trump has been renting out event and hotel space he owns for party functions. Not to mention doing the same while he was president to funnel money from foreign governments with a wink and a nudge around the emoluments clause. https://www.cnbc.com/2020/07/17/trump-properties-made-over-17-million-from-campaign-rnc-since-2016.html https://www.reuters.com/world/us/trump-organization-settles-lawsuit-over-dc-hotel-payments-tied-inauguration-2022-05-03/ https://time.com/donald-trumps-suite-of-power/ https://www.npr.org/2022/11/14/1136682162/foreign-officials-750-000-dollars-trump-hotel-dc
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Mar 21, 2024 20:46
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Crini posted:You could probably get more if you started selling “relics” to his deranged and devoted followers. A box of pens is a box of pens, but a box of pens used by Donald when writing a letter to get Mexico to pay for the wall… that goes in the shrine I watched a recent video tour of Trump Tower last night on YouTube and all the retail spaces are various Trump gift shops, stores, restaurants, and bars. In other words, "commercial real estate is dead and/or nobody wanted to set up shop here other than Starbucks so we had to put SOMETHING there".
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Mar 21, 2024 20:54
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AreWeDrunkYet posted:There's only so much to grift frow low income rubes. Between his hats and NFTs and coins and shoes he's getting as much of your weird uncle's social security check as he's going to get. And based on the recent reporting of small dollar donations to his campaign, even that group is losing interest or getting tapped out. I got a YouTube pop up yesterday of Don Jr. asking people to donate "just $5". It was like one of those late night ads where you can sponsor a child in a 3rd world country for the cost of a cup of coffee a day. loving pathetic.
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Mar 21, 2024 22:59
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Surprise, surprise https://www.ibtimes.co.uk/update-us-billionaire-who-drowned-tesla-was-intoxicated-almost-3x-over-legal-limit-1724011
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Mar 21, 2024 23:26
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.233 BAC, can't say she didn't know how to party.
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Mar 21, 2024 23:35
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Shaddak posted:Surprise, surprise I am shocked. ...That she didn't have a driver (or a chopper?) on call to ferry her around when she's drunk as a fuckin skunk.
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Mar 21, 2024 23:54
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Arrath posted:I am shocked. B-but Elon sez it has full self driving
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Mar 21, 2024 23:55
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Vincent Van Goatse posted:B-but Elon sez it has full self driving It self drove right into the lake. Not Tesla's fault- she set the voice to Michael Scott.
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Mar 21, 2024 23:58
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Arrath posted:I am shocked. I really don’t understand being a billionaire and driving an electric rattle box instead of something like a Taycan. That’s enough money to be carried on a divan on stout shoulders, too.
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Mar 22, 2024 00:07
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But Musk is the richest man on the planet and he literally lives like that dirtbag friend who keeps begging to sleep on your couch so I guess I don’t understand new money
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Mar 22, 2024 00:08
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Looking like NYAG's first target is Trump National (golf course) https://www.usnews.com/news/national-news/articles/2024-03-21/new-york-poised-to-seize-trump-golf-course-and-estate-in-westchester-county But hey, he made a joint fundraising agreement with the RNC, called such because the old RNC would've had to be high to sign it https://twitter.com/maggieNYT/status/1770930448601952617?t=E0sHrszegqQAjVqASCWAxA&s=19 quote:The order in which entities will receive funds from big donors through what is known as the Trump 47 Committee was disclosed in the fine print of an invitation to a big dinner next month in Palm Beach, Fla., where top donors are asked to contribute up to $814,600 per person to attend. daddy gets first taste
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Mar 22, 2024 00:10
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Tiny Timbs posted:I really don’t understand being a billionaire and driving an electric rattle box instead of something like a Taycan. That’s enough money to be carried on a divan on stout shoulders, too. Yeah you can bet your rear end that if I had that kind of gently caress you money I'd either go out like Kobe on an ill advised flight, or ripped limb from limb like a British imperial administrator when the mutinieers catch up to the handful of loyalists carrying my planquin away from The Trouble.
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Mar 22, 2024 00:16
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