Banks sold a record number of foreclosed churches in 2011, as they grew more reluctant to grant religious groups forbearance, according to Reuters.
Tim Reid writes 138 churches were sold last year, far more than the 24 churches sold in 2008. The foreclosures cut across demoninations, with a high percentage in California, Georgia, Florida and Michigan.
Read more at Reuters.
As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023, title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 billion in title insurance premiums, a 31% annual drop, according to the American Land Title Association’s Market Share Analysis, released Tuesday. […]
