We can’t sell it, so we’re giving it away.
Would you like to own a new house in the lovely countryside of Oregon or $100,000 cash?
On Friday Dec 5th, we received formal notice from the Department of Justice that we are not in compliance with State statues and they are requiring that we shut this contest down.
We intend to fully comply with the authorities. This contest was always for the people and above board. We mean no harm or disrespect. This was just a creative way for us to sell our house and make it affordable for those interested.
We will be refunding everyone’s money within the next week.
We would like to thank everyone for their support and participation.
My name is George Tran. My wife and I bought this investment house in 2005 for $250,000 (this is not the home my wife and I are living in). We rented it out to a terrible tenant who absolutely trashed the place, causing $40,000 in damages. We then lost about $12,000 or so in lost rent. Last year, we found a great tenant who was going to buy the place. Unfortunately, with the state of the economy where it is today, he had to move out and now we are left with trying to sell the house in this bummed economy.
About the House
It’s an immaculate 3 bed/2 bath 1413 sq feet house in the countryside surrounded by trees located in Veneta, Oregon. It’s about 20 minutes to get into Eugene. We’ve done about $40,000 of improvements and renovations on the house. We owe about $200,000 on the house and are paying about $1600 per month on the mortgage.
It’s even got a hot tub…less than 24 months old.
About the Deal
As an internet marketer, I wanted to try a social network experiment to see if we can have some fun and give away our house to someone who is most worthy of it…and who would cherish the house.
What I want to do is to give away the house to someone who is worthy and, at the same time, see if I can help some non-profit organizations. The family that is voted most worthy by December 23rd, 2008 will receive the house from us (or $100,000 in a cashiers’ cheque) as soon as the money clears from PayPal.
Here’s the idea. We ask for a $19.95 registration fee. If we receive $300,000, enough to cover our basic expenses so we can pay off the mortgage, any additional money will be divided equally between Habitat for Humanity, Best Friends Animal Shelter and Citizens for Health.
What’s the Catch?
Does it sound like a scam? It’s not. I’m an honest guy trying to do something creative about this property. I make my living online. My reputation depends on my honesty and integrity. I’m using my real name, my real address, and all facts supplied on this can be verified upon request.
The catch is…if we don’t meet our $300,000 price, then we will donate the money to the three charities named above equally. Frankly, if we don’t reach our target but we get a price close to what we paid out, we’ll probably let it go anyway or extend the entry time if we’re close.
The other catch is…you have to write a story. Come on. You’re getting a house FREE AND CLEAR for a $19.95 registration fee. Tell us a story of why you are the most worthy recipient. We’re not going to be the judge, we’re letting the Internet decide. There’s a website called Digg.com. It’s a site where people vote for the most newsworthy or coolest stories. All you have to do is submit your story on Digg (I will show you how, it’s really easy), and then get your friends to vote for you.
I WANT THE HOUSE! How do I get Started?
To receive the house, just write us your story. Tell us why you are the best candidate for the house.
We received an email response from the Dept. of Justice. Ms. Jan Margosian helpfully provided us a specific ruling about what qualifies as a game of chance, and what a game of skill. This document can be found at freehouse.wordpress.com/updates. According to this document, this competition fits squarely into the game of skill category.
After conferring with my attorney, we both agreed that we are 100% in compliance with this ruling.
For the latest update, click on our blog below:
>> Digg it Now! <<