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business owner finds a SILVER LINING to the real estate meltdown
by Debbie Lurie-Smith
Feb 07, 2013 | 1194 views | 0 0 comments | 2 2 recommendations | email to a friend | print
Dr. Todd Kelleher stands beside his new X-ray machine located in one of the spacious offices of his practice’s new home. The former Georgia Corrections Corporation building is a good fit for the chiropractor and is convenient for his patients.
Dr. Todd Kelleher stands beside his new X-ray machine located in one of the spacious offices of his practice’s new home. The former Georgia Corrections Corporation building is a good fit for the chiropractor and is convenient for his patients.
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Dr. Todd Kelleher has been a constant in Jones County since he opened his chiropractic practice in 1997, and, thanks to his faith and tenacity, that is not going to change.

Kelleher’s first Jones County office was in the former office of Dr. Jones near First Baptist Church of Gray. In September of 2001, he moved into his new building on Pecan Drive.

His practice thrived at his new location, but problems arose when the real estate crash hit and the value of his property dropped below the amount of his commercial loan. The two banks that financed most of the growth in Gray failed, and in stepped the FDIC.

“When the new bank took over, they started liquidating, and my loan was included in that. I was unable to renew the loan on my property,” he said.

Despite his efforts to work it out, the bank foreclosed on the property because of the difference in what was owed and the appraised value.

Kelleher said he kept Romans 8:28 in mind, “All things work together for those who love the Lord,” and had faith everything would work out.

For the full story, pick up a copy of this week's newspaper or subscribe to our e-Edition at http://ee.jcnews.com.
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