Video
NJ woman bakes cakes to pay mortgage
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2:54 PM on 07/23/2010 |
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Watch video of Angela Logan whipping up her 'mortgage apple cakes'.
New Jersey mom Angela Logan is whipping up a unique way to fight foreclosure on her home: baking cakes.
The Teaneck homeowner is trying to sell 100 apple cakes, for $40 each, by July 26th to make a key payment on the home she's lived in for 20 years.
Why cakes?
It's the only idea for raising money "that my kids didn't laugh at," Logan said.
The aroma in Logan's tiny kitchen in Teaneck was sweet as she baked four of her so-called "mortgage apple cakes"...but she's bitter about a home improvement project that went wrong, starting her downward economic spiral.
She claims the contractor "messed up about $20,000 worth of plumbing and thousands of dollars worth of other stuff."
A year later, the work on her house remains half-done.
Several of the actress and standup comedian's paychecks were also frozen when one of her talent agencies shut down.
She's since applied for the new federal mortgage program to help homeowners in distress, and figures this is a way to help with the first jumbo payment.
Several media outlets reported on her distinct tactics, and now she's well on her way to reaching her goal.
"The e-mails are full, the phones are ringing off the hook and we're just grateful and thankful that people have come to our rescue," Logan said. "Now we think we can really make it, because we got enough cakes to bake!"
Besides baking, Logan is studying to become a nurse to supplement her acting.
She says if she can make that July 26th payment, any other bake sale money will be icing on the cake.
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