Boy have you got that right. I remember back in the early nineties, when the church across the street from where I worked closed down to move to a bigger building outside of town. That white elephant sat vacant for YEARS!, and this was during normal, non-bubble times. This was a well built, up to code huge brick edifice built in the early seventies that had just simply been outgrown. The state police used the parking lot as a tractor trailer inspection pull off spot since vehicles found to be unsafe could just sit there at no cost to the rig owners until they were fixed because nobody cared. Finally the church was torn down to make way for a car dealership. Bottom line, any bankster who finances a church deserves the sure to come butt reaming. If anything goes wrong, finance-wise, for the congregation, that loan is toast with a big useless collateral!