At the bottom of the page was a bold black line showing four million dollars in total principal default across the twelve lots.

“These are formal default notices, Brandon,” I said.

Brandon cleared his throat twice, shifting his weight from foot to foot on the hardwood floor.

“The high-end housing market had a regional slowdown in September,” Brandon said, his voice climbing an octave as he waved both hands.

“It’s a temporary cash flow squeeze.

Once this four-million-dollar commercial bailout line clears, every lot goes right back into good standing.”

“You defaulted on twelve separate lots,” I said, running my finger down the bank’s lot numbers.