Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Report: Banks Foreclosing on Churches in Record Numbers Report: Banks Foreclosing on Churches in Record Numbers

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Homepage

Report: Banks Foreclosing on Churches in Record Numbers

March 9, 2012

Banks are foreclosing on churches in the U.S. in record numbers as lenders are losing patience with religious institutions that have defaulted on their mortgages, Reuters reported.

Since 2010, 270 churches have been sold after defaulting on their loans. In 2011, 138 churches were sold by banks, an annual record, with no sign that religious foreclosures are abating. That compares to just 24 sales in 2008 and only a handful in the decade before.

The church foreclosures cut across all denominations, and small to medium size houses of worship have been hit the hardest. Most were later purchased by other churches.

 

The highest percentage of foreclosures have come in California, Georgia, Florida and Michigan.

Job Board
Search Jobs
Digital and Content Manager, E4C
American Society of Civil Engineers | New York, NY
PRODUCT REVIEW ENGINEER
American Society of Civil Engineers | CA
Neighborhood Traffic Safety Services Intern
American Society of Civil Engineers | Bellevue, WA
United Technologies Research Fellow
American Society of Civil Engineers | New York, NY
Process Engineering Co-op
American Society of Civil Engineers | Conshohocken, PA
Electrical Engineer Co-op
American Society of Civil Engineers | Findlay, OH
Application Engineer/Developer INTERN - Complex Fluids
American Society of Civil Engineers | Brisbane, CA
Application Engineer - Internships CAE/CFD Metro Detroit
American Society of Civil Engineers | Livonia, MI
Chief Geoscientist
American Society of Civil Engineers
Application Engineer - Internships CAE/CFD Metro Boston
American Society of Civil Engineers | Burlington, MA
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Civil Enginering Intern - Water/Wastewater/Site-Development
American Society of Civil Engineers | Sacramento, CA
Staff Accountant
American Society of Civil Engineers | Englewood, CO
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
 
Comments
comments powered by Disqus