Foreclosure looms for estate

The organization that owns the Mount, Edith Wharton’s famous estate in Lenox, Mass., has been given more time to raise $3 million to avoid foreclosure.

Sandra Boss, the Mount’s chairman, said the estate’s major creditor has extended the deadline for a second month, until May 31. The group said it has raised $800,000 in its emergency campaign, including $240,000 in the last 30 days.

Wharton designed and built the house in 1902. She finished her breakthrough novel “The House of Mirth” there and got the inspiration for “Ethan Frome.”