NEW YORK - Martin Mittlemark may win the prize for the most original holiday

gift idea for 1992: tax liens on property owned by Donald Trump.

Mittlemark, president of Municipal Liens Inc. of Tinton Falls, N.J., isn't

joking.

The liens are certificates comparable to other types of securities, backed

by the properties as collateral. They can pay the equivalent of double-digit

interest rates, far better than investments in Treasury bonds or bank deposits.

In Trump's case, the liens are against taxes that the flamboyant New York

financier hasn't paid on his Atlantic City, N.J. casinos. The gaming parlors

have all been restructured under bankruptcy protection laws and now seem to be

doing substantially better, which makes the tax liens on them worth even more.

"Each one comes with a full title search showing how Donald overextended

himself and how the banks rushed in to save him, heaping one mortgage upon the

next," Mittlemark writes in an industry trade journal.

http://www.nwitimes.com/uncategorized/lien-on-donald-trump-is-an-original-gift-idea/article_b32119fd-35f6-5678-ab06-5cf5cb644574.html