AG Letitia James reaps what she sows after leveling ‘laughable’ case at Trump: expert

The real estate lawyer in New York City and an expert in New York City told Fox News Digital that the Trump administration’s criminal referral targeting the New York Prosecutor Letteria James to defraud the reported mortgage will not be revealed if not for the years of democracy to target the president in the court.

“To be completely honest, this is a reprisal issue that the president has done for what the Prosecutor has done over the past few years,” said New York City lawyer Pierre Debas, the partner and founding member of Romer Debas, the lawyer for New York City, in an interview with a magnification Thursday morning. “Either way, frankly, are very weak.

“The case of the public prosecutor was brought against Donald Trump, frankly, the pure manipulation of the legal system, and it was laughing,” referring to the civil fraud case that he brought against Trump. “Something has never happened in the history of New York, which was isolated in a specific person for a political paid purpose.

“Now, on the other hand, this serves the same purpose, isn’t it? This is the main way to take revenge on the public prosecutor for something, in fact, while it is considered the fraud of mortgage, it is not criminal.” “It was not something that could be brought if the Prosecutor had not followed a similar case with a low merit against the president a few years ago.”

The Trump administration refers to New York

The Federal Housing Finance Agency (FHFA), an independent federal agency that supervises the Franchi Faridi Mac and the Federal Loan Loan Bank system, sent a criminal referral to the Ministry of Justice on Monday, and it appears that the public prosecutor has falsified mortgage records for more appropriate loans.

At the heart of the case, there is Norfolk, Virginia, the house that James bought in 2023, which she identified in the real estate mortgage documents and Fannie Mae/Freddie Mac as a hatred that would serve as its primary residence, according to the FHFA message on Monday. The letter adds that James is required to live in New York as an elected state official in Empire State.

Debas explained that determining the house as a preliminary residence against a secondary house or a holiday home comes with financial incentives, because banks will provide lower interest rates for initial housing, with the possibility of homeowners ’failure to shorten such loans compared to the second house.

“As a real estate lawyer, we represent all the country’s main lending institution,” he said. “The requirements of the joint subscription of banks are to enhance what the drug will be to use, meaning, is it an initial residence, a property at home, or investment.

“The reason that banks do this is that it is clear that there is a higher shortcoming rate when it comes to investment property and second homes instead of initial housing.”

The real estate lawyer in New York City and an expert in New York City told Fox News Digital that the Trump administration’s criminal referral targeting the New York Prosecutor Letteria James to defraud the reported mortgage will not be revealed if not for the years of democracy to target the president in the court. (Seth Wenig, Swimming pool/Associated Press)

“The reason is that people, as you know, do not want to leave their homes,” he said. “Now, a second home investment property, may be more inclined to throw the bank’s keys.”

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He explained that the bank is asking the borrower to sign a written certificate confirming that the house that is obtained will be used as a preliminary residence.

“Now, if this is not the intention or in reality it is inaccurate, and you are signing this agreement, then you are in fact committing the mortgage fraud.” “The bank depends on this agreement to give you the loan. Now, have they given you a loan if it was a second house?

He said that resorting to the bank upon discovering such fraud in a mortgage related to rational identification as a basic leader to obtain more appropriate loan conditions is “simply calling the loan.”

State Prosecutor Letia James is a long political enemy of President Donald Trump, who carried out a campaign for the Public Prosecutor in 2018 by pledging to follow up on legal charges against Trump if elected. (Lev Radin/Pacific Press/Lightrocknet via Getty Images)

“They will call the loan and force you to pay it by a specific date,” he said. “If you are not able to sell the property or take another liquidity, you must pay the loan, they have the right to follow up the mortgage imprisonment. They will be legally granted this right.

The real estate lawyer in New York City added that this type of fraud is common.

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“How fraud is that you are completely honest with you, this is a very common thing that happens in the real estate market,” he said. “I do not say it is right. I do not say Letitia James … The full range of the law should not be applied to it. But this is something that happens. Because if the loan is currently, the bank did not suffer from any damage, but it is still fraud in the mortgage. So this does not take away the fraud component to this.”

Debas argued that this type of fraud does not rise to the level of criminal activity because the bank can call the loan, Recover the property or force it to filter.

“The case of the prosecutor was brought against Donald Trump, frankly, the pure manipulation of the legal system, and it was laughing,” said Pierre Debas, a New York City lawyer, referring to the case of civil fraud that he brought against Trump. (Michael M. Santiago/Getty Images)

James’s office told the New York Times that a separate loan request for Norfolk, Virginia 2023, and indicated that she would not live in the property full time, and that the mortgage agreement for her did not require her to occupy the property as a key leader for her.

James is a long -standing political enemy from Trump, who carried out a campaign for the Public Prosecutor in 2018 by pledging to follow up the legal accusations strongly against Trump if elected, adding that she would reveal a “man who deceives” after her victory in that year.

Its office directed nearly 100 legal challenges against the first Trump administration and added after its second presidential victory in 2024 that it will continue to challenge the courts “to defend the rights of New York residents and the rule of law.”

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It is worth noting that James followed a civil fraud case against Trump and Trump to inflate the values ​​of real estate to obtain more favorable loans, insurance coverage and tax discounts, which led to a ruling of $ 454 million in 2024.

A spokesman for the James Fox digital office said on Thursday that “several times during the trial of the Prosecutor against President Trump and Trump for years of financial fraud, President Trump’s lawyers have repeatedly submitted an argument that the prosecutor’s lawsuit was politically enthusiastic.

“Every time, the judge rejected this argument and even penalties for lawyers to make it,” the spokesman added. “Public Prosecutor James won her innovation, and the ruling against President Trump is now half a billion dollars.”

Jonathan Torley, a contributor to Fox News, pointed to the paradox of Trump’s criminal referral about James’s allegations that immerse numbers for more favorable loans after Trump’s follow -up of a similar thing.

“This is a person who sued Trump because of everything less than a sign of a rank, and among the charges in New York, in the civil case but the criminal case only, issues wrong or misleading data to financial institutions.” As for James, if we apply the Letitia James standard that I created, then there will be no little question here. This looks clear and direct. “

White House spokesman Harrison Fields said on Wednesday that the administration is looking into the allegations submitted by FHFA, with confirmation that “no one is above the law.”

“With the Democratic Party, they like to throw stones in glass homes when they realize that they are committing the crimes they are trying to do,” said Fields.

“So, this is now a criminal referral, the Ministry of Justice, during the era of the Public Prosecutor Bam Bondi, must look at it,” he added. “The allegations of FHFA are very dangerous. We will look at them, and no one is above the law. Tish James would like to say that about the president, but you must look at the mirror and realize that if you have a skeleton in your cabinets about misuse of the law and doing illegal things, it may not be nourishing like some of the queen of justice, because you do not do that.”

NY AG Letia James responds to the mortgage fraud allegations

The criminal referral was also cited by previous issues reported with James’s characteristics, including the 2001 purchase of Brooklyn. The employment certificate is listed by the real estate as a residence of five units, while James Real Estate James lists it as four units.

DEBBAS explained that the five -unit properties are determined as commercial real estate, which requires a commercial loan with higher interest rates than a residential loan. However, banks bear the burden of confirming whether the building is commercial or residential.

“If the borrower has the ability to inform the bank or persuade the bank that it is in fact four units, then this is for his financial favor,” he said. “Now, when you look at the occupancy certificate, the occupancy certificate is issued by the Ministry of Buildings, which informs you of the legal use of the building.

The Letitia James office has settled nearly 100 legal challenges against the first Trump administration and said after its second presidential victory in 2024, which will continue to challenge the courts “to defend the rights of New York residents and the rule of law.” (Gary Hershorn/Getty Emp)

“This is a house of five individuals,” he said. “Now, this is an unambiguous matter of commercial ownership. The burden on the bank was to confirm this, but if the borrower, in fact, has tangible knowledge … an argument can be made that fraud on the mortgage had occurred in the application of this law.”

The James office told the New York Times that the contestant associated with Brooklyn stated that the building was four units, not five units.

Debas added that before the 2008 market collapsed, there was a lot of “shadow” in the real estate loan world.

“As an elected official … there must be an increasing standard of honesty and obliging it through your legal requirements that do not flourish the documents or commit fragments,” Debas said.

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While he was particularly thinking about the alleged mortgage fraud in Virginia, he added: “Now, how will this affect her seats as a general lawyer for the state of New York? At the end of the day, this will be greatly determined based on the number of enemies that I created. But from a purely mortgage point, it is definitely a real estate engine, but in my opinion, it does not include any criminal activity.”

A spokeswoman for the James office said on Wednesday morning that he “focuses every day on the protection of the population of New York, especially since this administration replies the federal government against the rule of law and the constitution. It will not be taken by the fatwas – regardless of those who are.”