James MacDonald, controversial founder of Harvest Bible Chapel in greater Chicago, is now in danger of losing his custom-built home in Elgin, Illinois, for failing to pay his mortgage with the Republic Bank of Chicago, according to a new lawsuit.
MacDonald, according to a Daily Herald report, owes the Republic Bank of Chicago $947,546.34 on the 5-bedroom, 5.5-bathroom home that sits on 10 acres along Highland Avenue.
The Harvest Bible Chapel founder who was ousted from the helm of the church in February 2019 for “highly inappropriate recorded comments” he made on a radio program as well as “other conduct,” allegedly borrowed $990,000 from Republic Bank of Chicago to purchase the home in 2016. Since last December, MacDonald hasn’t made a mortgage payment, the bank argues, and now owes $925,902.96 on the loan, $20,669.34 in unpaid interest, as well as $974.04 in late charges.
MacDonald’s LLC, Vanilla Bean, is also named as a defendant in the foreclosure lawsuit filed last week in Kane County.
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