Pastor James MacDonald Facing Foreclosure on $1.6 Million Home After He Failed to Pay Mortgage

James Madonald’s home in Elgin, Ill., is on on sale for $1.6 M. | Screenshot: Redfin

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.

Real estate website Redfin.com has listed the property for sale for the last 137 days along with several other leading sites like, Zillow.com.

“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. 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,” the description of the lavish home says in part.

The property was first listed for $1.9 million in March but was cut by $300,000 in May to $1.6 million.

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SOURCE: Christian Post, Leonardo Blair