Dumb question… what happens after the property gets seized?
What happens to the tenants, the Trump businesses operating in those buildings, the non-Trump businesses operating in those building, property management employees, etc?
Tenant laws differ by state. Some could be evicted if the new owner doesn’t want them. Some have protections that would force the new owner to continue renting until end of lease or some grace period.
Businesses inside the properties probably have contracts with new ownership stipulations. But these are Trump contracts, so I assume there are lot of shenanigans, so your guess is as good as any.
Agreed, Trump lies. Often he’s still quoted and people expect that maybe something is true. With the 90 million (or so) bond he also said the amount should be lowered and that he had trouble. That was days after securing the bond. The deadline hasn’t passed yet. For the upcoming bond Trump lied by omission. The judge fortunately took action as a result. Better to see what happens.
It’s good that various preparations are being made to seize assets. Still, too early to know what is going up happen.
Trump’s lawyers also said to be forced to sell properties at a fire sale would cause irreparable injury because they could not later recover the property if they were to win an aspect of the appeal.
Oh boo hoo.
Maybe try not committing massive fraud next time, Lunchbox.
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