If NY Attorney General is able to start enforcing her judgment as soon as next week, don’t expect Trump Tower to top her list. Why? Because as recently as August ‘23, Trump reported Axos Bank still has an outstanding loan on that property for “over $50,000,000.” 1/ pic.twitter.com/FTEbAmglMT
— Lisa Rubin (@lawofruby) March 20, 2024
As @KatiePhang noted yesterday, prior mortgages on Trump properties won’t prevent Tish James from trying to collect on them. But some of those loans are bigger than appreciated. Take Axos Bank’s loans to Trump for Trump Tower’s commercial portion and the Doral course. 1/
— Lisa Rubin (@lawofruby) March 21, 2024
Even with that mortgage on Trump Tower, Tish James can still force a foreclosure sale & as long as the net sale proceeds pay off any lien-holders before her, she can use what’s left to satisfy some of her judgment. And then move on to the next property…#ChumpTower
— Katie Phang (@KatiePhang) March 20, 2024
Sad! 