The Family Church of Sacramento boasts about miracles--but can't make the mortgage payments

The Family Church of Sacramento (until recently known as Family Christian Center) is a charismaniac assembly pastored by Rich and Lindy Oliver in Orangevale, California. Their website's home page proclaims:

Taking New Ground
"This season will be a time of advancement and
Acceleration with shocking swiftness" - Rich Oliver

Their "events" link includes "Experience Miracles," as well as "Fridays on Fire:"

FRIDAY NIGHTS at 7pm Meeting in the Father's House - Intense Worship and Warfare, Personal Prophetic Ministry, with Guest Speakers from Around the World bringing a Fresh Word and Impartation

Under the headline Taking NEW Ground you find:

Accept No Imitations! Expect No Limitations! Embrace Infinite Possibilities!

However, if you read the pdf file on that page, it seems as though there are at least some limitations, and the possibilities are not infinite (emphasis in original):

No one will lend us the $5.6 million to pay off our bonds with the debt larger than the property value. The debt of these bonds cannot be reduced because bonds are under different federal laws than bank loans and the bond debt cannot be restructured or lowered.

Our Church Family has walked faithfully with us through this Bond Program these past ten years. With thanksgiving, we have rejoiced over the miraculous hand of God in providing for our monthly bond payments. We have openly shared our current financial circumstance, and we are all in agreement, while these buildings and property have served us well, it is time to make a move.

...We may be moving--BUT WE ARE NOT LEAVING--we are taking new Ground.

Our church family has grown spiritually, numerically and financially over the past several years. We are in a better place financially than we have been in a long time--all our bills are paid or are current.

...Because of the foreclosure on our existing property, at the recommendation of our attorney, we have created another 501c3 non-profit church, The Family Church of Sacramento.

Right now, Family Christian Center is becoming The Family Church of Sacramento.

This is followed by an appeal for $500,000 in donations, and:

As we aspire to make these three areas a living reality in our lives,
God will launch the Church into a much higher level of faith and power

Their bills may be paid or current, but that doesn't apply to the bills that will be coming due in the future. According to the April 7, 2010 edition of the Sacramento Bee:

The same economic forces that have rocked the housing industry have hit an Orangevale church, forcing Family Christian Center into foreclosure because the congregation can no longer afford its $20,000 monthly mortgage payment.

The Hazel Avenue church, a community fixture for more than four decades and the site of Club Retro, a popular teen hangout that attracts hundreds weekly, will leave the property in July.

Church leaders said they cannot make the payments on the $5.6 million bond they borrowed to build a 900-seat worship center and update their property in 2000...

...Times were good when church leaders at Family Christian Center decided to build a new worship center and make improvements on their 11-acre property 10 years ago. They added a new sanctuary called The Father's House and meeting rooms for community outreach.

Shortly afterward, a portion of the congregation split and formed another church. Others left after Family Christian Center changed its worship style. With fewer members and less in donations, church leaders refinanced their loan with a balloon payment due in September 2009. When it came time to restructure their loan, Oliver said, "everything had changed."

The value of the church property had plummeted to half its original $8 million value. Meanwhile, payments on the restructured loan would be about $40,000 a month, according to Oliver.

"We prayed about this a lot and studied every possibility," Oliver said. "Finally, about six months ago, we realized we have to go into foreclosure."...

...Church elder Tom Econome said the church had no other option. "There's faith and then there's practicality. We just couldn't do it," he said.

Mr. Oliver's statement on the move contains the following quote from the notorious Kathryn Kuhlman (emphasis in original):

The only limit to the power of God lies within the power of the individual...it is when active faith dares to believe God to the point of action that something has to happen

Either Mr. Econome hasn't read that quote, or he and the leaders at The Family Church of Sacramento, nee Family Christian Center are having trouble when it comes to practical application of the principles they proclaim.