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Raffle Your House

The Latest Info About Property Raffles

Latest news related only to foreclosures and trashouts

03/26/2010 - How To Raffle Your House - An interesting concept. Below is the original post on How to raffle Your House followed by an update including a link to Charitable Gaming Laws for each state in the country (it seems Florida doesn't allow raffles and might want to consider changing that legislation). - truegotham.com

02/01/2010 - Dream-house raffles aren't always a dream - Pay just $100 for a million-dollar house? It could happen. Just read the fine print. - Home raffles, once a novelty, seem to have proliferated around the country in recent years. In California, for example, at least eight charitable groups held raffles for existing or to-be-built homes in 2009, with varying degrees of success, according to local media reports. - huffingtonpost.com

08/26/2009 - $10 raffle ticket could buy Fort Lauderdale home worth millions - The waterfront mansion on the Intracoastal has six bedrooms, six and a half bathrooms, plus a gourmet chef's kitchen, saltwater pool and a movie theater. - www.sun-sentinel.com

08/21/2009 - The High-Stakes Game Of Raffling Off the House - News of raffles has prompted inquiries from as far away as Korea, thanks to an article in the Korean Daily News in September. A woman in Wisconsin is among the 10,000 folks who have ponied up for a ticket. - www.washingtonpost.com

08/21/2009 - The Sad Truth About House Raffles - more than 90% of attempted house raffles have failed. - www.truegotham.com

08/21/2009 - State Charitable Gaming Laws - Many states have enacted laws exempting certain charitable gambling activities from the applicable anti-gambling laws. The most commonly exempted activities are bingo and charitable raffles as well as certain types of casino games. Hawaii and Utah do not have any charitable gaming laws. - www.gambling-law-us.com

08/21/2009 - How To Raffle Your House - Conducting a house raffle is a high-risk adventure with no guarantee of success. With that having been said let me share a few of the observations, if not actual lessons, gleaned from our recent experience: - www.truegotham.com

06/07/2009 - This Home Could be Yours for $50 - Coral Springs home could be yours through $50 raffle. Frustrated by futile attempts to sell his three-bedroom, 2 1/2-bath townhouse for the listing price of $330,000, owner James Cardiello decided to raffle it off. - www.miamiherald.com

06/03/2009 - How to Organize a Raffle Fundraiser- Legal guidelines regarding raffles vary by state. Do a little internet research to find out about the state raffle laws and the restrictions in your county and city. - stepbystepfundraising.com

05/27/2008 - Can't sell your house? Raffle it off! - Let's think about this from the U.S. perspective; is that worthwhile? If someone was raffling off $10 tickets for a shot at a $300K property, would you take a chance and buy some tickets? Could be a very interesting play. - housingwire.com

04/03/2009 - Raffle FAQ - Frequently Asked Questions About Raffles -Raffles are conducted by registered charitable organizations, Selling tickets online is a gray area and we have not found a definitive answer one way or another. - stepbystepfundraising.com

04/03/2009 - eBayer Raffles House For $100 - Business Opportunities Weblog -Say hello to Hart and her 2,900 square-foot ranch home in Willingboro, which admittedly could use a coat of paint, but is now available on eBay, she says, for the rock-bottom price of $100. - business-opportunities.biz

03/23/2009 - City hopes to turn foreclosed homes into affordable stock - This grant from the Department of Housing and Urban Development (HUD) is part of the Neighborhood Stabilization Program, which was created by the Housing and Economic Recovery Act of 2008. - simivalleyacorn.com

11/11/2008 - How To Raffle Your House - The central location for information on house raffles in the US. (Finding a non-profit, promoting your current house raffle, buying home raffle tickets) - usahomeraffle.com

09/24/2008 - Raffles: Real Estate's Latest Game of Chance -If they could sell enough tickets, they could walk away debt-free. - nytimes.com

02/09/2008 - How to Raffle Your House for a Profit. MAYBE. - Hugh Wood - a new sales vehicle has sprung up in real estate - the house raffle. While a raffle can sell a home quickly and for the full retail price, it is fraught with pitfalls. A wholly private house raffle is illegal and considered "gambling" - hughwood.blogspot.com

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