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March 22, 2024

Letitia James Targeting Prized Trump Property for Seizure Next Week

If you were expecting New York Attorney General Letitia James to have an ounce of sympathy for Donald Trump, think again.

If she was being even remotely fair, she would agree to allow Trump’s appeals to be exhausted before forcing payments on the massive judgment given by Judge Engoron in the case.

Instead, she is already pushing forward to make arrangements to seize Trump properties, with a family jewel at the top of the list.

Take It All

James reportedly wants to get her hands on Trump’s 370-acre Seven Springs estate to start to satisfy the $464 million judgment against Trump.

James has already filed judgments in Westchester County, where the estate is located.

Trump initially purchased the estate with the intention of building a golf course there, but local resistance to the project wound up shelving the golf course plan and leaving the estate as a family sanctuary.

According to reports, Trump and his family would often spend summers and weekends there to escape the hustle and bustle of New York City.

If Trump does not pay that judgment by Monday, he not only forfeits his right to appeal the case, James can start to move on these properties, taking them from Trump’s portfolio to satisfy the judgment.

Trump’s Seven Springs estate lies on 230 acres that spans across three different towns in Westchester County.

The estate was originally built in 1919, then purchased by Trump in 1996 for $7.5 million.

Trump has since extensively remodeled the property, turning it into a magnificent property that became a favorite sanctuary for the family.

To that point, Eric Trump stated, “My father, during the summers, would always put us to work

“We were literally riding mowers around, we were mowing all the fields, cutting down trees and fallen trees, cutting rebar and laying marble and doing electrical work, doing demo work.”

James and Engoron have both come under fire for the ruling and the failure to stay the judgment, considering its size, until after the appeals process is completed.

At this point, even if Trump somehow manages to get the nearly $500 million to satisfy the judgment, he is likely to take significant losses on any properties he sells to pay it.

So, either way, James will have served her initial intent on destroying Donald Trump.

The sad reality is that if Trump cannot pay, due to the low valuations she received for his properties, she could wipe out the majority of his portfolio to satisfy the judgment.

And let’s face facts, that is all she really wanted to go from the outset, even having campaigned on ruining Donald Trump when she ran for office.

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