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Banks foreclosing on churches in record numbers

 
USMC0369

User ID: 6635968
United States
03/09/2012 08:18 AM

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Banks foreclosing on churches in record numbers
Banks are foreclosing on America's churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data

Since 2010, 270 churches have been sold after defaulting on their loans, with 90 percent of those sales coming after a lender-triggered foreclosure, according to the real estate information company CoStar Group

Not good at all
“Once A Marine Always A Marine”
Anonymous Coward
User ID: 12190406
United States
03/09/2012 08:22 AM
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Re: Banks foreclosing on churches in record numbers
Leeches getting a free ride on property taxes for years, no sympathy from me. Not when I have seen churches whose sole exixtence is too keep expensive properties off the tax rolls.
humanitech
User ID: 12133547
United Kingdom
03/09/2012 09:01 AM
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Re: Banks foreclosing on churches in record numbers
Banks are foreclosing on America's churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data

Since 2010, 270 churches have been sold after defaulting on their loans, with 90 percent of those sales coming after a lender-triggered foreclosure, according to the real estate information company CoStar Group

Not good at all
 Quoting: USMC0369


Wow... there are some positives silver linings to these artificial recessions after all.LOL
ceawaves

User ID: 12228631
United States
03/09/2012 09:04 AM

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Re: Banks foreclosing on churches in record numbers
Now they can turn them all into mosque...
Anonymous Coward
User ID: 12166361
Hong Kong
03/09/2012 09:09 AM
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Re: Banks foreclosing on churches in record numbers
Now they can turn them all into mosque...
 Quoting: ceawaves


Muslims pay their bills and don't live on imaginary credit or try and pray for money to fall out of the sky.
Anonymous Coward
User ID: 1283916
United States
03/09/2012 09:09 AM
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Re: Banks foreclosing on churches in record numbers
:hireling:
Anonymous Coward
User ID: 10855647
United States
03/09/2012 09:10 AM
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Re: Banks foreclosing on churches in record numbers
The church can kiss my rear end. Good riddance.
ceawaves

User ID: 12228631
United States
03/09/2012 09:13 AM

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Re: Banks foreclosing on churches in record numbers
Now they can turn them all into mosque...
 Quoting: ceawaves


Muslims pay their bills and don't live on imaginary credit or try and pray for money to fall out of the sky.
 Quoting: Anonymous Coward 12166361


It's also a huge help that they get interests free credit, And all kinds of government grants....it's the sharia way..
SpaceCommand
USCF National Master FIDE 2125

User ID: 1009022
United States
03/09/2012 09:26 AM

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Re: Banks foreclosing on churches in record numbers
Leeches getting a free ride on property taxes for years, no sympathy from me. Not when I have seen churches whose sole exixtence is too keep expensive properties off the tax rolls.
 Quoting: Anonymous Coward 12190406


LOL "leaches," hey the banks and their derivatives are the trillion ton leaches that are sucking everything dry. Churches at least offer some respite from this, but take heart they will "convert" these churches to New World order counterfeits any time now.

Last Edited by SpaceCommand on 03/09/2012 09:28 AM
"With an eye made quiet by the power of harmony and the deep power of joy, we see into the life of things." William Wordsworth

And yet the same revolutionary beliefs for which our forebears fought are still at issue around the globe—the belief that the rights of man come not from the generosity of the state, but from the hand of God.

John F. Kennedy Inaugural Address

Lincoln's economic advisor Henry C. Carey explained the universal issue in his 1851 Harmony of Interests:

"Two systems are before the world.... One looks to pauperism, ignorance, depopulation, and barbarism; the other to increasing wealth, comfort, intelligence, combination of action, and civilization. One looks towards universal war; the other towards universal peace. One is the English system; the other ... the American system, for ... elevating while equalizing the condition of man throughout the world."
Anonymous Coward
User ID: 9413554
United States
03/09/2012 01:18 PM
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Re: Banks foreclosing on churches in record numbers
I'm sure they will just pray their way out of it....
ChopinRocks

User ID: 11251167
United States
03/09/2012 01:22 PM

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Re: Banks foreclosing on churches in record numbers
Good. Let em eat cake!!
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