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Re: Dismissed DeloitteJCIII and Assoc appear to be hiring. Could Novation be considering entering the distressed property market. The location and timing would be excellent. In the modern computer age, you don't have to be in the same building to conduct business. Unless you are training and staffing people in a rapid mobilization, there is really no advantage to have everything under one roof. Novation is not building Cruise ships. My understanding is that Florida is emerging as a huge renter market versus a homeowner market because of the bust. Evaluating, buying and packaging distressed properties could be an extremely valuable interprise. The white swan, may be a gosling. Instead of making a deal with a major player like WF where the margins are very thin, why not do a complete end run and utilize your resources with a up and coming organization that is not restricted by banking regulations.
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