Jim’s Daily Rant. Future of New & Old Mortgages In The Hoover Dam Regions In SW.

In BPEarthwatch’s podcast The Feds Step In/ Colorado River Update!, he left our one thing that should have been mentioned.

At the 12 minute mark, he mentions that Federal bonds financing projects in those areas will dry up due to the uncertainty of the overall future there.

However, BP does not mention that what the Feds are doing, and must do, will message all banks to halt new mortgage financing in those areas. This should go into effect immediately.

This means no one in those areas can only sell their homes with "Owner Financing" only!

Imagine what will happen to all those funds holding the existing mortgages on property in those areas.

Owner Financing Available