Tuesday, July 28, 2009

MORTGAGE APPLE CAKE

MORTGAGE APPLE CAKE

TEANECK, NJ – Adversity does indeed breed creativity. A New Jersey resident has successfully baked her way out of foreclosure!

Most folks who are down on their luck start praying or buying lottery tickets.

Not Angela Logan. The actress and mother of three has starting baking and selling what she calls “Mortgage Apple Cakes” to avoid falling into foreclosure.

Angela Logan has lived in her home in Teaneck, New Jersey for 20 years. Like many Americans these days, she has been hit with both employment and mortage troubles. After being tremendously overcharged for work done on her home and then a talent agency gone bust that owed her thousands of dollars in backpay, Logan was in serious debt.

Last Friday, the New Jersey Record published an account of how the Teaneck, NJ Mom was hoping to bake and sell 100 cakes at $40 each in order to make her $2,559.94 mortgage payment. She has had her mortgage modified, but needs to make these payments on time in order to comply with the mortgage modification plan.

In order to qualify for President Obama’s Making Home Affordable plan, she had to come up with a $2,500 mortgage payment in just 10 days in order to qualify. So she dreamed up the plan of baking her delicious grandmother’s apple cake, with all organic ingredients, and selling them. At $40 a cake, Logan would be able to keep her home.

As of Tuesday, Logan has received 500 orders for her cakes. Teaneck officials have logged 15 complaints from residents who want to know why Logan can bake and sell cakes from her house without a commercial baker’s license.

Little did she know that demand would go through the roof! Within a week she had received orders for 100 cakes, meeting her goal. But after newspapers started publishing her story, she was up to 600 orders! There was no way Logan was going to be able to bake them by herself in her tiny kitchen.

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