Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
AND Trump administration The criminal referral to the target of the New York State Attorney Flatij James for a reported mortgage fraud is probably never going to be not the year of the Democratic Year of Purpose of the President in Court, for Fox News Digital Digital, a real estate lawyer in New York.
“To be perfectly honest, this is a retaliation that the president has brought for what the Attorney General has done to him in the last few years,” New York lawyer Pierre Debbas, a partner and founder of the Romer Debbas law firm in an interview with Zoom on Thursday morning, said on Thursday morning. “Both cases, quite honestly, are very weak cases.
“The case of the State Attorney who was launched against Donald Trump was a sincerely pure manipulation of the legal system and was smiling,” he continued, referring to the civic fraud that launched Trump. “Something that never happened in New York history, which was isolated on one person for a political guided purpose.
“Now, on the other hand, it serves the same purpose, is it? This is the president’s way of seeking retaliation against the Attorney General for something that, in reality, while considered a mortgage fraud, this is not criminal,” he continued. “And it’s not something that would have been brought if the Attorney General had not continued a similar case with low merit against the president several years ago.”
New York State Attorney Letitia James speaks during a press conference on September 21, 2022 in New York. (Brittainy Newman, File/Associated Press)
The Federal Funding Agency (FHFA), an independent federal agency supervised by Fannie Mae, Freddie Mac and the System of the Federal Bank Loan, sent a criminal referral to the Ministry of Justice on Monday, claiming that the Attorney General appeared forged a mortgage records.
In the center of the case is Norfolk, Virginia, Home James purchased in 2023, which identified on the mortgage documents and Fannie Mae/Freddie Mac form as a real estate that will serve as its primary residence, the FHFA letter said from Monday. James is legally needed live in New York as An elected state official in the state of Empire, adds a letter.
The recognition of the house as the primary residence compared to the secondary home or holiday home comes with financial incentives, Debbas explained, as banks will offer lower interest rates with primary residences, and homeowners are less likely to provide such loans compared to another home.
“As a real estate lawyer, we represent every major loan institution in the country,” he said. “And the usual request for banks to secure it is to strengthen what the use of assets will be, which means, whether it is primary residence, another home or investment assets.
“And the reason why the banks do this is that there is obviously a greater non -payment rate when it comes to investment properties and other homes unlike primary residences.”
Trump’s administration of a criminal instruction that targets the prosecutor of New York State Attorney James for a reported mortgage fraud, it would probably never have been a year if it was not the year of the Democratic Year of the President of the President in Court, for Fox New York City, a real estate lawyer and Fox News Digital expert. (Seth Wenig, Pool/Associated Press)
“The reason is that people, you know, don’t want to leave their homes,” he said. “Now, another home property, you might be a little inclined to throw the keys to the bank.”
The bank then demands that the borrower sign a statement confirming that the home that is acquired will be used as a primary residence, he explained.
“Now, if this is not an intention or that is in fact incorrect and you sign that agreement, actually commit a mortgage fraud,” he said. “And the bank relies on that agreement in giving a loan. Now you would give you a loan that this is the second home? Potential, but the difference is that the interest rate would be much larger.”
Bank return when discovering such a mortgage fraud related to the wrong property as a primary residence to obtain more favorable loans is “easy to call a loan,” he said.
State Attorney Fleitia James James is a longtime political enemy of President Donald Trump, who advocated a state prosecutor in 2018, promising to aggressively cite legal allegations against Trump if elected. (Lev Radin/Pacific Press/Lightrocket via Getty Images)
“They would call a loan, forced you to pay it until a certain date,” he said. “If you are unable to sell a property or take another liquidity that you have to repay the loan, they have the right to enforcement action. They would be legally approved that right. It would be very difficult to compete in these circumstances, because, technically speaking, it is default and that is a fraud.”
AND Real Estate Lawyer in New York It has been added that this type of fraud is common.
“To what extent is the fraud? Being honest with you, this is a very common thing that happens in the real estate market,” he said. “I’m not saying it’s okay. I’m not saying that Fleitia James … Full of the law of the law should not apply to her. But that is something that happens. Because if the loan is current, the bank has not actually suffered damage, but it is still a fraud of the mortgage. So it does not take away the component of fraud.”
Debbas claimed that this type of fraud is not increased to a criminal activity level because the bank may call a loan, Return the property or force him to be liquidated.
“The Attorney General, which was launched against Donald Trump, was genuinely pure manipulation of the legal system, and he was smiling,” said New York State Attorney Pierre Debbas, referring to the civic fraud he launched Trump. (Michael M. Santiago/Getty Images)
James’ office said New York Times That a separate request for a loan for Norfolk in Virginia in 2023 was allegedly the purchase of a house allegedly indicated that she would not live a full -time property and that her mortgage agreement did not require to occupy his property as his primary residence.
James is a longtime political enemy of Trump’s who advocated the Attorney General in 2018, promising to aggressively cite legal accusations against Trump if he is elected, adding that he is expose “con man” after Her victory that year.
Her office equalized nearly 100 legal challenges against the first Trump administration, and added after his second victory of the President 2024 to continue to challenge him in the courts to “defend the rights of New York and the rule of the law.”
Ny AG Letitia James leaned for ‘tasteless’ remarks after Trump’s victory: ‘Uttter Arogance’
The most important thing is that James followed a civic fraud against Trump and Trump’s inflatable organization for property values to get more favorable loans, insurance coverage and tax deductions, resulting in a $ 454 million verdict in 2024.
James’ spokesman for Fox Digital said on Thursday that “repeatedly, during the trial of the Attorney General, against the President Trump and Trump’s organization for years of financial fraud, lawyers of President Trump repeatedly presented the argument that the lawsuit of the General Prosecutor had been politically motivated.
“Each time the judge rejected the argument and even sanctioned lawyers because they did it,” a spokesman added. “General lawyer James won in his lawsuit, and the verdict against President Trump is now exceeding half a billion dollars.”
Fox News associate Jonathan Turley noticed Ironi Trump’s criminal referrals for charges that James Fudsing numbers to get more favorable loans after Trump sought something similar.
“This is a person who prosecuted Trump for all that has been offset by the mattress label, and among the accusations given to New York, not only in civilian but also criminal case, has made false or misleading statements to financial institutions,” an angle -angle -angle scientist said on Tuesday. “As for James, if we apply the Leatitia James Standard that created, there would be a little question here. This seems quite simple.”
The administration studies allegations that FHFA stated as they underwent “no one above the law,” a spokesman for the Harrison Fields White House in Newsmax said on Wednesday.
“With the Democratic Party they like to throw stones at glass houses when they realize that they start crimes that they are actually trying to pass,” Fields said.
“So, this is now a criminal recommendation that the Ministry of Justice under Lawyer Pam Bondi will have to look at,” he added. “The FHFA states are very serious. We will look at them, and no one is above the law. And Tish James, she would like to say that about the president, but she should look in the mirror and realize that if you have skeletons in your closets about law abuse and not illegal things, you may not be justice, because” ”
Ny AG Letitia James responds to allegations of mortgage fraud
The penalty recommendation also cited past reported questions with James’ assets, including the purchase of assets in Brooklyn from 2001. Certificate of occupancy lists the property as a residence with five units, while James’s mortgage cite property as four units.
Debbas explained that Properties with five units They identify themselves as commercial real estate, which would require a commercial loan that has more interest rates than a housing loan. However, banks carry the burden of confirmation whether the building is commercial or residential.
“If the borrower has the ability to tell the bank or convince the bank that it is actually four units, it is their financial benefit,” he said. “Now, when you look at the occupancy certificate, the building department issues a certificate of occupancy, which tells you about the legal use of the building.
The Fleitia James Office equalized with almost 100 legal challenges against the first Trump administration and said that after his second presidential victory in 2024 he would continue to challenge him in the courts to “defend the rights of New York and the rule of the law.” (Gary Hershorn/Getty Images)
“This is a residence with five families,” he said. “Now this is an unambiguous commercial asset. The burden was on the bank to confirm it, but if the debtor, in fact, had a concrete knowledge … It may be an argument that a mortgage fraud was taken into the application of this law.”
James’ office told the New York Times that the rider was attached to the mortgage in Brooklyn stated that the building was four units and not five.
Debbas added that before the fall of the market in 2008, there were a lot of “shadows” in the mortgage world.
“As an elected official … there should be an increased standard for honesty and mandatory to your legal requirements, not forgery of documents or committing fraud,” Debbas said.
Click here to get the Fox News app
Although he is particularly reflected in the Virginia mortgage fraud, he added: “Now, in order to influence her sitting as a state lawyer of the New York state? At the end of the day, it will be largely determined on the basis of how many enemies she created. But, from a pure mortgage standpoint, this is also that it is not a criminalization, in my opinion.
James’ spokeswoman said on Wednesday morning that “every day she focused on the protection of New Yorkers, especially since this administration arms the federal government against the rule of law and the Constitution. They will not be intimidated by bullies – no matter who they are,” Fox Digital reported earlier.
