Stocks to Watch
MSN Money Insight
| Currency | US Dollar |
|---|---|
| British Pound to US Dollar | 1.568874 |
| Euro to US Dollar | 1.377790 |
| Japanese Yen to US Dollar | 0.011151 |
| Canadian Dollar to US Dollar | 0.936944 |
Avoiding foreclosure? It's a piece of cake
New Jersey woman bakes to make mortgage payment, tastes success beyond expectations.
Updated: 2:10 p.m. ET
In a time of crisis, Angela Logan turned to her kitchen.
Faced with a July 26 payment of $2,559.54 to her mortgage lender, Logan decided to sell 100 homemade "mortgage apple cakes" to friends and family for $40 each to help avoid foreclosure.
They must be pretty darn good: What started last week as 42 orders for the double-layered cakes (covered in butter, cream cheese and vanilla frosting) has turned into something much bigger. As of Tuesday, she had more than 500 orders, including an order from Iraq and one from Hong Kong.
Logan, a divorced mother of three sons, has owned her home in Teaneck, N.J., for 20 years. She started to have financial difficulties after a contractor cost her $50,000 in damages. She applied to the "Making Home Affordable" program after receiving a foreclosure notice in January. Logan has to make three payments of about $2,500 by Oct. 1 in order to keep her home.
Soon Logan's problem was how she could possibly bake hundreds of cakes in her small kitchen. Teaneck's health officer notified Logan that it was against state law to use her house as a commercial kitchen, The Associated Press reported. So the Hilton Hasbrouck Heights is letting her use the hotel's kitchen, where she can produce up to 10 cakes at a time.
"It's been like a dream," Logan told the Bergen Record. "I am speechless. I won't call it overwhelming, because when you get a blessing, you just don't complain. I'll take overwhelming over fear and anguish any day of the week."
Want one? They're available here: http://www.maccakes.com/
This is great. Someone who's actually willing to work and put it on the line to survive- and not simply beg for a bailout like everyone else. When she sells steak instead of cake count me in.
In life I've had to get creative to solve difficult issues. I'm single and 55. I couldn't afford to pay my mortgage and quarterly association fees any more. I did see a way out . . . . by placing a personal ad stating: "I'll make your house into a home". I had many responses from single men in my age group. After interviewing potential life-long male companions over coffee at a book store, I choose a man my age who is retired. He invited me to share his home with him. I now have a new life partner and new home. We are intellectually compatiable and get along well together.
StockScouter data provided by Gradient Analytics, Inc.
Quotes supplied by Interactive Data.
MSN Money's editorial goal is to provide a forum for personal finance and investment ideas. Our articles, columns, message board posts and other features should not be construed as investment advice, nor does their appearance imply an endorsement by Microsoft of any specific security or trading strategy. An investor's best course of action must be based on individual circumstances.
advertisement
advertisement
Most Recent Dispatches RSS feed
- Dow climbs 150 as debt fears ease
- Dow closes below 10,000
- Hasbro, CVS profits beat expectations
- Wall Street wavers on debt fears
- Deficit worries weigh on markets
- What's ahead for the stock market
- Dow roars back, regains 10,000
- Steakhouse offers stock trade
- Wall Street weighs murky job data
- Experian sued over FreeCreditReport.com ads
| ||||||||||||||||||||||||||||||||||
MSN Money Video
advertisement
Readers' Choice
| Rating | Top 5 Articles |
|---|---|
| 4.13 | Growth won't dig US out of this hole |
| 3.98 | 4 reasons we get ripped off |
| 3.93 | Battling the system: A patient's tale |
| 3.84 | Mortgage hardship applicants in limbo |
| 3.82 | The coming economic crisis in China |


