The actual winner has a choice between getting that home (which most likely they won’t take it because they wouldn’t be able to afford the income taxes on the home + property tax + other costs of upkeeping the home)
Arrange a loan at 50% LTV (easy enough to do, regardless of income) to cover taxes and other expenses till the home is sold.[/quote]
The HGTV house grand prize includes $250k cash – presumably to pay taxes and have enough left over to fill the tank of the gas hog car that comes with it.
(The GM SUV fits in the garage with literally just centimeters to spare… Why not build a slightly deeper garage if you’re giving away a car that is so oversized?)
