Crystal Cathedral’s Robert A. Schuller Faces Foreclosure on Laguna Beach, Ca Home
While Crystal Cathedral literally does not exist due to the sell of it to the Roman Catholic Diocese of Orange County in California, the Schuller family may be facing even more troubles since they moved out of the church.
Robert A. Schuller, the former senior pastor and son of Robert H. Schuller Sr., has announced that he will default on his home in Laguna Beach, Calif. He says its because of unsuccessful attempts to sell the home before its Nov. 2 foreclosure date.
“I’m short-selling my house. I have more loans than I can sell the house for,” Schuller said in a recent interview with the Orange County Register.
Schuller is confident that he can short sell the home to avoid foreclosure when he spoke to the Orange County Register.
“The house will not go into foreclosure. It will be a short sale,” Schuller said, adding: “I can’t afford the house as I once could.”
The former pastor is reportedly seeking approval from the bank to sell his home for less than its original purchasing price of $952,500, as he cannot afford the $1.66 million he owes in two mortgages on the property. Schuller reportedly already has a buyer willing to purchase the property.
The home, located in the high-profile gated community of Three Arch Bay in South Laguna Beach, was previously advertised as a spiritual retreat center for $700 per night, or $5,000 per week, on the popular vacation rental website AirBnB.
Schuller and his wife have been lowering the price on the sell of the home since 2010 but have been unsuccessful in getting a buyer.