Bank forecloses on Harvest Bible Chapel founder James MacDonald's $2 million custom home

by Jordyn Pair · Jul 20th, 2020 4:22 pm
24

Last Updated Jul 21st, 2020 at 9:37 am

James MacDonald, the founder of megachurch Harvest Bible Chapel, is currently in danger of losing his home in Elgin, Illinois, after he has failed to pay his mortgage with the Republic Bank of Chicago, according to a new lawsuit.

MacDonald reportedly owes more than $947,000 to the Republic Bank of Chicago for the 5.5-bathroom, five-bedroom home that sits on 10 acres.

"Home has high end custom windows throughout, state of the art security and sound system. Ample indoor/outdoor entertaining areas are perfect settings to host gatherings large & small to create memories for a lifetime. Outdoor kitchen perfect to BBQ for your family and guests," says a listing for the house. "Extensive landscaping with gardens, trees, Koi pond with waterfall. Home has a cedar shake roof, a sprinkler system and so much more. Home is on 10 acres. All you have to do is move in."

He was originally removed from the leadership of Harvest Bible Chapel in February 2019 after he was caught making comments about planting child pornography on Christianity Today CEO Harold Smith's computer, as well as misused the church's financial resources.

From January 2016 through February 2019, MacDonald spent lavishly from church funds, including $170,851 on hunting and fishing trips, $139,502 on meals and entertainment, and over $94,000 for clothing and eyewear.

MacDonald allegedly has not made a mortgage payment since December. He currently owes $925,902.96 on the loan, $20,669.34 in unpaid interest, and $974.04 in late charges.

The property is currently listed for sale on Redfin and Zillow, as well as on other similar sites. It was originally listed for $1.9 million in March, but was cut to $1.6 million in May.


Comments

There are 24 comments on this article.

You must become a subscriber or login to view or post comments on this article.