Further to our story earlier today about a financial crisis at Exodus International headquarters …
The Minnesota Independent reports today that a key Exodus affiliate, Living Word Christian Church in Minnesota, has gone into foreclosure. It was bought at auction July 28 by a lender. Its leader, prosperity preacher Mac Hammond, was investigated by the IRS for alleged illegal borrowing from the church while the church’s finances faltered. The investigation was halted by a judge due to technicalities, according to the Independent.
This is the same Minnesota church and Exodus affiliate that hosted kill-the-gays youth activist Bradlee Dean last year and endorsed far-right Republican Rep. Michele Bachmann.
Under terms of the foreclosure, Hammond has one year to raise money to buy the church back from its lender.