|Posted: August 23, 2011, 1:14 am - IP Logged|
"Real estate transfer taxes, deed recording charges and closing costs, if not the obligation of the Developer pursuant to an agreement with Sponsor (the "Home Contract") to acquire the home, shall be the sole responsibility of the Grand Prize Winner, as will all current and future real estate taxes and all other taxes, costs, fees, and expenses related to the maintenance of the house commencing as of the date the Grand Prize Winner accepts the Grand Prize. Title insurance and homeowner's hazard and liability insurance shall be the sole responsibility of the Grand Prize Winner. The Sweepstakes Entities and/or Released Parties shall not be responsible for construction delays and condition of title to home shall otherwise be as set forth in the Home Contract. Total ARV of Grand Prize is $785,000.00 depending on whether the Grand Prize Winner takes title to the HGTV Urban Oasis Home or $675,000.00.
General Prize Conditions: All costs, taxes, fees, and expenses associated with a prize or the acceptance and use of any element of a prize not specifically addressed above are the sole responsibility of the winner. All federal, state, and local taxes on prize are winner's responsibility. The Grand Prize Winner will be issued a 1099 tax form for the ARV of the prize. The specifics of all aforementioned elements of any prizes in the Sweepstakes shall be solely determined by Sponsor."
Just FYI that while "Free is good!" (and it is), this prize is definitely not free...win with caution.... :)