AME/ One united mortgage
posted at 3/5/2012 11:30 AM EST
I cannot believe the audacity of the local black leaders calling for a boycott. The church asked for and got a mortgage with the church as collateral. The church failed to pay so they are losing the collateral. The contract must be held higher than the feelings or the terrible loss a foreclosure brings. The current administrations shifting all of the blame on the banks is wrong. The borrowers have just as much responsibility as the banks. The bank should just refinance but I bet they do not have enough equity to do so.
Who is in charge of the books over there? 5 million is a ton of money so where did it go? How much do the pastors make ? Do they get free housing? do they get a free car? what kind of car is it?
The bank doesn't even pay taxes.