Yes, it’s part of the due diligence process. Usually the bank will come back with an assessment that is much lower than what the property owner is expecting.

In Trumps case the bank literally testified that they used a 50% factor to value his property, meaning that when they ran their numbers they assumed it was worth half so as to be extra conservative.

It’s insane that the courts have gone out of their way to twist reality so as to invent a crime in this case.