Chapter 23
Jacksonville, FL
THEIR EMPTY DESSERT dishes had been cleared away and they were sipping glasses of wine. Ken Bellamy stood and once again tapped a knife against his glass.
“Ladies and gentlemen… if you’ll give me your attention for a few minutes, we’ll get the business part of this function taken care of. I’ve asked our Vice President of Operations to give us a quick update on the status of our recent acquisition.”
Andy Clifton stood and gave the group a rundown on how things were going. He concluded by touching on their huge inventory of foreclosed-upon properties and its status.
“As most of you know, the bank we acquired was heavily into mortgage lending, too heavily, in fact. And not only was their inventory of repos twice the size of ours, they’d had very little success
