The New York attorney general’s office has filed judgments in Westchester County, signaling the state's intention to seize Donald Trump’s golf course and private estate, Seven Springs, located north of Manhattan.
State lawyers entered the judgments on March 6, following a $464 million decision against Trump, his sons, and the Trump Organization by Judge Arthur Engoron.
Entering a judgment is the initial step to recover property, with potential actions like placing liens on assets or foreclosing on properties to follow.
Judgments have been entered in New York City but not in Florida or Illinois, where Trump owns properties.
Trump has four days to satisfy the judgment or seek an appeal to adjust the payment terms.
Trump's legal team is contesting the suggestions made by the attorney general's office regarding bond payments.
If no agreement is reached, the attorney general plans to seize assets.
The monitor overseeing the Trump Organization will now have expanded oversight of Trump’s real estate business practices.
Engoron ordered the Trump Organization to provide detailed information on efforts to secure bonds and granted the monitor access to financial operations.
The monitor will assess internal controls and recommend improvements within two months.
Engoron may enforce the monitor's recommendations on the Trump Organization.
The monitor will have access to financial statements, be notified of large transfers, and receive information on business entity changes and debt financing.
Trump has expressed concerns about the high cost of securing bonds on social media.
