Exactly. Trump could ASK for 100 million dollars for a property, but a bank would want an appraisal done. Hell, anyone paying cash would want an appraisal done. No bank just says, "You say it's worth 100 millions dollars, well, it must be!" No. Just no. They would be out of the banking business in no time.
Exactly. Trump could ASK for 100 million dollars for a property, but a bank would want an appraisal done. Hell, anyone paying cash would want an appraisal done. No bank just says, "You say it's worth 100 millions dollars, well, it must be!" No. Just no. They would be out of the banking business in no time.