Quote:
Originally Posted by ASBSECU E93
True story - I spent time working on, and living near the Eastern Band of Cherokee Indian Reservation. When they opened their Casino - I was a Pit Boss for about 3 years.
Many people do not understand that Reservation land is Federal Land held in trust for the benefit of the Tribe. As such, they cannot perfect a lien on property for a mortgage loan, and a lender cannot foreclose on this property as it is held trust.
As an enrolled member of the tribe however; each Tribal member receives Per Capita earnings of the gaming profits 2x a year.
So what you have are $100k (plus) cars sitting beside mobile homes with tarps covering the holes in the roof....These pics remind me of this.
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I believe it! It's like midland, tx during an oil boom.