Posted on 10/02/2012 5:24:14 PM PDT by Gamecock
The former senior pastor of the Crystal Cathedral, Robert A. Schuller, has announced that he will default on his home in Laguna Beach, Calif., after unsuccessful attempts to sell the home before its Nov. 2 foreclosure date.
"I'm short-selling my house. I have more loans than I can sell the house for," Schuller said in a recent interview with the Orange County Register.
"The house will not go into foreclosure. It will be a short sale," Schuller said, adding: "I can't afford the house as I once could."
Schuller, who is the son of the Crystal Cathedral's founder, the Rev. Robert H. Schuller, is reportedly seeking approval from the bank to sell his home for less than its original purchasing price of $952,500, as he cannot afford the $1.66 million he owes in two mortgages on the property. Schuller reportedly already has a buyer willing to purchase the property.
The home, located in the high-profile gated community of Three Arch Bay in South Laguna Beach, was previously advertised as a spiritual retreat center for $700 per night, or $5,000 per week, on the popular vacation rental website AirBnB.
"Reading, journaling, praying, hiking, swimming, shell collecting and exploring one of the most beautiful beaches in the world" were some of the activities listed on the advertisement for the home as a vacation rental.
According to the OC Register, Schuller and his wife, Donna, have been lowering the selling price on their home since July 2010, but have been unsuccessful in their attempts to sell.
His father, Robert H. Schuller, founded the famed Crystal Cathedral in Orange County in 1980 for the Reformed Church of America. The congregation, housed in a high-reaching, reflective glass building, eventually filed for bankruptcy in Oct. 2010 and was sold to the Roman Catholic Diocese of Orange County in Feb. 2012.
The Schuller family received public criticism after it was revealed that some of their members continued to receive lavish compensation while failing to pay church bills, resulting in a nearly $50 million debt on the property.
Slowly but surely, several members of the Schuller family left the Crystal Cathedral congregation to pursue new lines of ministry. However, the elder Schuller's grandson, Bobby Schuller, has returned to the congregation to occasionally preach.
“I can’t stay here a week - just give me 7 days.”
Another victim of the Obama economy.
Another victim of the Obama economy.
Another victim of the Obama economy.
Their behind the scenes television production was right out of Hollywood. It was really one big con job.
Real estate market went down, who’da thunkit? We were much more careful when we chose our house.
And what’s with “default” here? Couldn’t the Schullers pay cash? With their income, they could easily have bought our house for cash.
"Alex, dude, wake up. Oh, this is not cool, not cool. Alex!"
No.
It fosters a God owes me mentality.
(Of course I may be missing something....)
I think both the Presbyterians and Catholics should bring in the enthusiasm of the pentecostals
Nah.. Pentecostal worship is manipulative. Loud driving music and screaming just whips people into a frenzy. Ideally what should be seen is a worship environment where those who are broken can find comfort, those who have joy can rejoice. I've seen it done well and it is something to behold. People worshiping from where they are, in the same place.
But, do you think there is anything worthwhile in the prosperity gospel preachers leaving aside dogma) or would we think its all bad?
Sorry. I just can't come up with a thing.....
well, i didnt mean the way of worship but the fervour of individuals
Oh.
Before I answer, how would this fervour manifest itself?
sorry, right now focused on getting O out — I really believe we now have a good chance. Fight!
I see the fervour being in the way of expressing one’s faith in small ways in public and not being ashamed of it. Of being able to calmly talk to a person cursing God and say “this is why what you are doing is wrong” — and this is where it would diverge from pentecostals who by being hyper-aggressive turn the tables on themselves (as witness in Mangalore in India where pamphlets were distributed calling Hindu gods as demons — that didn’t win any converts, rather ruined a lot of calm, persistive work)
In theory he will short sell the property, ONLY if the mortgage holders agree, and he proves he does not have financial assets to make good on his promises to pay.
And the lenders will expect appraised market value.
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