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(Image from article: "Ailing Megachurch Is Selling Its Property")

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Banks foreclose on churches in record numbers

Banks are foreclosing on America's churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data.

Ailing Megachurch Is Selling Its Property

Crystal Cathedral Ministries, known for the towering Orange County megachurch where “Hour of Power” is taped, has agreed to sell its campus to a real estate investment group as part of a plan to emerge from bankruptcy.

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