May 21, 2013

Banksters Foreclosing on Churches in Record Numbers

Banks foreclosing on churches in record numbers (Reuters) — 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. The surge in church foreclosures represents a new wave of distressed property seizures triggered by the 2008 financial crash, … Read more
Related posts:

  1. More “Deadbeats” | Church Foreclosures Surge, Seen as ‘Next Wave’ in Crisis
  2. LPS’ Mortgage Monitor Report Shows Average Loan in Foreclosure Is Delinquent for Record 599 Days
  3. By the Numbers: A Revealing Look at the Mortgage Mod Meltdown

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