LENOX, Mass - It's been called one of the most important pieces of architecture in the entire country, but one that's also been fighting off foreclosure for over a year. The former home of novelist Edith Wharton has worked out a deal with creditors to reduce its debt by $4 million. That means The Mount can stay open, at least for now.

"It certainly gives us some breathing room and gives us time to continue to re-expand our mission and raise money. But still we need to continue concentrating on raising additional funding," said The Mount Executive Director Susan Wissler.

A lot of the funding comes from tour groups, provided there's enough public support. That's something that's been a problem in the past.

"They've been pretty good so far. We've been open since May 1," tour guide Lara Mizrack.

Mizrack said more funding is the only way to give The Mount a realistic chance to stay open long-term.

"It's really the only monument to Edith Wharton - the only way to really keep her alive," said Mizrack.

The property is almost 50 acres, almost all of which has to be maintained year-round. But that's part of the reason The Mount is so special to so many people.

"This place is magical and it never ceases to bring pleasure, no matter how many times I come down that drive or walk into that main floor of the mansion," said Wissler.

It's a new chapter for the historic home. But the battle to fight foreclosure continues.