"Religious organizations may be subject to the laws of God but they are also subject to the laws of economics," said Chris Macke, senior real-estate strategist at CoStar. Many troubled churches, he said, are in states such as California, Florida, Georgia and Michigan, which also have some of the highest home-foreclosures rates in the country.
Tuesday, January 25, 2011
Church Foreclosures Surge, Seen as 'Next Wave' in Crisis
Fox News reports:
