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December 20, 2010

Donald Trump to Miami mortgage: you're fired!

2386745672_1ac63711e7 With foreclosure sales making up 39.7 percent of home sales in Miami-Dade, Broward and Palm Beach counties, there's nothing like someone coming to town and rubbing in the fact that the closest thing he's ever come to foreclosure was on a golf course. Chapter 11 and Chapter 33? Ok, fine, but eh, those are just sections of his many know-it-all-books. Ones he'd love for you to skip. War scars of the rich and famous.

 That someone would be Donald Trump, who, back in the 80s, staged a "mortgage burning" in the gilded lobby of Trump Tower, showing off the fact that he raised money to save a Georgia widow's farm.  On January 7,  2011, The Donald will recreate that very mortgage burning, only this time it's to show off the paid-off $210 million construction loan of Dezer Properties’ Sunny Isles Beach oceanfront condominium, The Trump Royale.

Rather than just being happy that his debt has been paid off, Trump will celebrate in his typical bombastic style--or lack thereof--with fire dancers, among other things, culminating with the burning of the mortgage.  Of course the event is open to all credentialed media, The Donald's second favorite thing next to AquaNet, but not to any of the thousands of Miami folk who'd love to just set their mortgages ablaze too. That, unfortunately, will have to come if and when he decides to make a run for it in 2012.

 

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