IS THIS FOR REAL? IS IT FAIR?
Trying to sell the property through traditional methods in this economy is hard to do, Contest for Change is another way to transfer the house to someone who might not be able to get a loan. Every story will be treated equally with the anonymous tracking number system. The judges will remain anonymous and during judging no information will be available to identify the contestant. Flow charts, check and balances will be in force to protect the integrity of the contest. All funds will be securely held in a escrow account until the contest has ended.
IS IT LEGAL?
Yes, each state has their own laws and regulations that outline what must be done in order to conduct a legal contest. However, this is a game of writing skills and has followed all legal regulations so as to be in accord with State Law.
HOW MANY ENTRIES WILL BE SOLD?
For this particular contest the number of entries are 1,500.
WHAT ARE THE TAXES ON THE WINNER?
There are NO income taxes for you to pay on the income gained upon winning a property. We are withholding the maximum Federal and State income tax required for each state that a contest is to be held in. However, if you do not want the property then we will purchase the property back from you for 10% of the contest home value (not total amount of entries) with no strings attached. You will then need to consult with your cpa or tax advisor on paying your income tax from the sale.
Tell us YOUR story... get chosen ... win a home! Become a contestant and play to win the chance of a lifetime!
In order to be eligible to win a property each contestant will need to pay a $100 entry fee and write your story to answer the question: How would winning a home CHANGE your life? Once the number of entries needed for a contest is achieved the contest will close and YOUR story will be reviewed by a panel of judges based on who they think will benefit winning the home and writing skills (see Official Rules for details). Enter as many times as you want with a different story.
After your payment is complete you will receive a confirmation email receipt with a Transaction Number. You will also get an email with options on how to submit your story. You will have the choice of sending your story by email or by following a link and submitting your story through a website form. Instructions will be emailed following your payment. Email info@contestforchange.com with any questions.