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Cash-strapped church: Nationally, parish foreclosures tripled since recession's start in 2007

from Missoulian

An analysis by Reuters found that church foreclosures have tripled since the recession began in 2007. Church business matters are often complicated by spiritual concerns, an expert said, creating friction within congregations and sometimes leading to risky decisions. "Depending on a person's spiritual commitment and mystical propensities, he may look for divine authority and weight that greater than sound business principles," said Richard Hammar, a church tax and legal expert based in Missouri. more


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