Staff Photo: Erin Evans.
Foreclosure proceedings were advertised last week for the Church In The Now property, located on Iris Drive and west of Salem Road, and then withdrawn Monday by creditors. The legal notice on Jan. 7 noted foreclosure was filed due to default toward payment on $18.5 million attached to the church's security deed. The church's creditor, Evangelical Christian Credit Union, gave no reason for withdrawing the foreclosure.
CONYERS -- Church In The Now, the large, non-denominational church in Conyers, is back into the foreclosure process for the second time this year after its mortgage holder placed a foreclosure notice in last week's Rockdale Citizen.
Evangelical Christian Credit Union placed the legal notice in the March 10 edition of the Rockdale Citizen to announce foreclosure proceedings on Church In The Now, located on Iris Drive, west of the Salem Road exit on Interstate 20.
The notice stated plans to sell the church following default on $18.5 million in principal from a security deed on the property filed June 2007.
The foreclosure concerns the property and buildings located at 1873, 1875 and 1877 Iris Drive. The total value of 1873 Iris Drive was listed as $11.4 million for this year, according to the Rockdale County Board of Assessors office.
If the foreclosure proceeds, the sale is scheduled to take place on Tuesday, April 5, on the steps of the Rockdale County Courthouse on Bank Street.
A foreclosure notice on Church In The Now was placed in the Citizen on Jan. 7. However, Hunter Maclean, the Savannah law firm that represents Evangelical Christian Credit Union, withdrew the advertisement three days later, saying it was "inadvertent and is being withdrawn."
There has been no movement to withdraw the foreclosure this time.
Frank J. Perch III, an attorney with Hunter Maclean, said Monday he could not talk about the matter or of any possible negotiations between the church and the credit union.
"The foreclosure notice speaks for itself, and I really am not authorized to speak on this without talking first with my clients," Perch said.
A call to Church In The Now Pastor Jim Swilley Monday was not immediately returned.
The foreclosure is the latest news surrounding the church. Swilley announced to his congregation in October that he is gay. At that time, he alluded to the financial hardships the church was facing.