Mega church faces foreclosure over $14M in mortgage, other costs Read more: http://www.kansascity.c

[pstokely]

http://www.kansascity.com/2011/01/31/2623702/mega-church-in-overland-park-faced.html#disqus_thread

[rfranklin]

1. Don't worry, Jesus will answer their prayers!

These are the same people who are supposed to provide the social safety net instead of our government.

[Bravo Zulu]

2. The lord giveth,

and the banks taketh away!

[malaise]

3. DUzy

:rofl:

[cbdo2007]

4. Ha ha, looks like they also have a problem paying taxes. That's the thing with....

these churches is they don't pay the things they're supposed to, but I garauntee that the pastor and others were paid very well during this whole time.

[siligut]

5. From The Board Of Elders

As the Board of Elders informed FFC membership in March 2010, Regions Bank unexpectedly called the church's mortgage demanding full payment within 30 days; terms which were financially impossible for the Church to comply with. Regretfully, since that time despite our sincere and on-going efforts to work with Regions in finding a long term solution which insured our full repayment of all debt owed, on January 26, 2011, Regions filed a foreclosure notice against First Family Church in Johnson County, KS. Since its occurrence, your church leadership, pastors, elders, deacons, and ministry leaders have been praying and in a spirit of unity. We are confident to resolve this situation while all ministries and worship services continue as scheduled on our campus. This is happening to churches across the country according to the Wall Street Journal, 1/24/11 - another reality of our country's economic crisis.

http://www.ffc.org/

And while members have been concerned over the financial mishandling for some time, FFC has this to say: "This development toward First Family Church by Regions is consistent with the Bank's actions since they accelerated the mortgage maturity from 30 years to 5 years recently forcing this situation even while First Family Church was current in its obligations. We recognize banks today are under immense pressure by federal regulators. These are uncertain economic times."

So gracious and humble, but you see, it is the banks fault, they changed the rules.