I love stories like this! It's a nice feel good story that we all could probably use right now.
She baked her way out of foreclosure.‘Mortgage Apple Cake’ and a not-for-profit bakery helped her save home
How baking cakes saved her home
July 28: TODAY’s Ann Curry talks to Angela Logan about how her cake, known as the “Mortgage Apple Cake,” helped her keep her home.
Today show
By Mike Celizic
TODAYShow.com contributor
updated 8:27 a.m. PT, Tues., July 28, 2009
During the Great Depression, people sold apples in the streets to get enough money for their next meal. Fast-forward 80 years to another recession and meet Angela Logan, who is selling apple cakes to friends, neighbors and total strangers over the Internet to get enough money to save her home from foreclosure.
Like so many great ideas, it was born of sheer desperation, Logan told TODAY’s Ann Curry Tuesday in New York. After 20 years of living in her home in Teaneck, N.J., a double financial whammy pushed her to the brink of losing it.
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“We were in limbo for a long time. Then, all of a sudden, bam, we had to have this amount of money three months in a row in order to have our mortgage,” Logan told Curry. “I didn’t want to miss out on this opportunity to come out of foreclosure.”
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“I asked the kids, ‘What do you think about me selling this cake to pay the mortgage?’ ” Logan related to Curry. “The kids — who usually say, ‘Nah, that’s a bad idea ’cause Mom said it’ — said, ‘Yeah, we love your cake. We think it would be a great idea.’
“So we said, ‘What will we call it? We’ll call it Mortgage Apple Cake.’
Rest of the story and video here:
http://today.msnbc.msn.com/id/32186013/ns/today-today_home_and_garden/