Based on a hearing held today in a New York court, it seems that former president Donald Trump and his two oldest sons, Don Jr. and Eric, could soon be without a place to live if the judge overseeing the case decides to sell their homes in order to pay off a $250 million dollar fine being requested by New York Attorney General Letitia James.
Business Insider reports that real estate in the form of residences was one of the issues before New York Supreme Court Justice Arthur Engoron, who was asked if the Trump homes were on the table.
“I’m not prepared to make a ruling at this time,” Engoron told Trump’s lawyers with a slight smile, shifting the focus of the hearing instead on more mundane matters of pre-trial logistics.
At stake is what assets belonging to Trump, his sons, and the Trump Organization are subject to be liquidation. Would it only be business properties, or are homes included, too?
But there was no guidance on how dissolution will work in a multi-billion-dollar organization whose assets include not just interests in skyscrapers – such as Trump Tower in Manhattan, where Trump Org is based, and a ground lease in 40 Wall Street – but home addresses, too.
“Certain of the entities, entities that own physical assets like Trump Tower and 40 Wall – is the court under the impression that those are to be sold or are they to be managed under the monitor?” Trump attorney Chris Kise asked Engoron.
It was at this point the judge said he was not yet prepared to make a ruling.
Kise asked, “Which entities are covered here? You have New York entities that just own a house or a townhouse. Maybe Don Jr. ‘s or Eric’s residence… are those covered?”
Engoron said any decision on those questions would have to wait.
Imagine, for just a moment, the ex-president having to sell his penthouse condo at Trump Tower and also being ordered to put his Mar-a-Lago resort up for sale. Where would the Donald live? We he be forced to move in with Ivanka and Jared? Or would he have to try and find a new location in Florida to use as his residence?
One thing is clear: There’s about to be a massive fire sale at the Trump Organization, and when it’s all over with, Donald and members of his family may not have a pot to piss in or a window to throw it out of.
