Controversial founder of Harvest Bible Chapel in greater Chicago, James MacDonald, is no longer in danger of losing his sprawling $1.6 million custom-built home in Elgin, Illinois, after the bank holding his mortgage withdrew a foreclosure lawsuit against him Wednesday.
Republic Bank of Chicago filed an order in Kane County court saying it agreed to dismiss the suit because it reinstated MacDonald’s mortgage but did not specify why, the Daily Herald reported.
MacDonald had previously owed $947,546.34 on his five-bedroom, 5.5-bathroom home that sits on 10 acres along Highland Avenue. He allegedly borrowed $990,000 from Republic Bank of Chicago to purchase the home in 2016. Since last December, it was reported that MacDonald hadn’t made a mortgage payment up to the time of the