We are hearing this more and more each day. One of our representatives did an interview for a news station this week concerning churches being foreclosed on. The following article came out last week: http://www.reuters.com/article/2012/03/09/us-usa-housing-churches-idUSBRE82803120120309
We have worked with 30+ churches that have either been foreclosed on or are facing foreclosure in the last couple years. In the situations where we have been able to work with the church in time we have been able to help them deal with the issue and find a way to continue or rebirth their ministry while reducing the debt burden.
If you or your church obtained a bank loan in 2007 - 2009 you will want to get counsel regarding your situation. Even if you have made every payment on time there is a chance that you may need to prepare to get a new loan with a different lender. Calling your lender is NOT the first step. You may not be on their radar today but once you call you will be.
We can help you address your current situation. Call me at 469.446.5131 or email me at johnm@thechurchconsultants.com.
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