Monday, November 9, 2009

Important Property Update

We have an important property update: Our lender is moving forward with foreclosing on our property. Our property will be sold in a foreclosure sale on November 12th. As you know we have been working with the bank on possible options, but none of the scenarios worked, so the bank is taking back the property and putting it up for auction.

It’s disappointing to see this happen. But given the current economic circumstances, we simply can’t afford the property. If you’ve been reading the financial updates you know that it takes all of our Growing in Faith giving and our regular giving just to meet the church’s regular budget (and the last couple months we haven’t even been doing that). To find out more about this - click here.

P.S. Are you a Growing in Faith Supporter? If so, look for the letter that will arrive via mail. This letter addresses specific issues that will be of interest to those financially supporting Growing in Faith.

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