Frequent Asked Questions
Q: Is It Legal?
A: Yes, each state has their own laws and statutes that outline
what must be done in order to conduct a legal raffle. This game
of chance has followed all legal regulations so as to be in accord
with Florida State Law.
Q: What happens if we do not reach our goal?
A: In the event that all 6,000 tickets are not sold by the drawing
date, a 50/50 drawing will be held, with the winner receiving 50%
of the drawing proceeds and the other 50% being awarded to the
charity.
Q: What are the odds of winning the raffle?
A: If you bought only 1 ticket your odds would be 1 in 6,000
The odds of winning depend upon the number of eligible
entries received for the applicable drawing. Many people spend $5 a day
on lottery tickets in the hopes of winning the big one. Some
people only play their state lotto when the drawing is big. Even
though the odds of winning are normally millions to 1, people
still buy them.
The odds are much better than any lotto game in the country. And,
if you wanted to increase your chances to win on this raffle, simply
acquire more tickets. Keep in mind, when you win, the house is
yours mortgage free!
Q: How can I enter for a chance to win?
A: Click and follow the on-screen instructions.
Q: Must I be present at the drawing to win?
A: No, if the winner is not present he or she will be notified with
all forms of contact information provided.
Q: When will the drawing be held?
A: As soon as all tickets have been sold or on 9/30/2009. Whichever
comes first.
Q: Where will the raffle be held?
A: The drawing location will be at the property location, 8305
W. Sample Road Unit 1, Coral Springs, FL 33065. All entries will
be notified via email as well as posted here on this website.
Q: Who handles the transaction and closing?
A: Main Street Title & Escrow, Inc., 3300 University Drive,
Suite 712, Coral Springs, Florida 33065.
Q: Who pays the closing costs?
A: All closing costs are paid by the raffle.
Q: Who conducts the drawing?
A: The accounting firm of Wittlin, Henry, Cain & Dry, CPA’s,
P.A. See “METHOD OF RANDOM DRAWING” in the .
Q: Will I have to pay taxes on the winnings?
A: A W-9 form must be completed by the winner. Any withholdings
if required, applicable to prize will be required at the time of
winning.
Q: Where is the money held until the drawing?
A: In the title company’s special escrow account until the
title transfer takes place.
Q: Will I receive a refund if all the drawing does not take place?
A: Yes, all funds will be returned electronically to your method
of payment if the prize becomes unavailable due to circumstances
beyond our control including acts of God (fire, storm damage etc.).
Q: What are the annual property taxes?
A: The Property does not currently receive the homestead discount
and the annual taxes are 4,189.52. If the winner should claim the
property as a primary residence the taxes will be substantially
lower.
Q: Can I see inside the home?
A: Yes, the home is available to view Saturday afternoons. The home
is only shown by appointment. Please contact us via email with the
window of time you are available and arrangements will be made.
Should you have any further questions not listed here please visit the page and submit your question. You will receive a reply within 5 business days.
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