Legal Question in Real Estate Law in New Jersey
Is there any law prohibiting you from auctioning your home thru a raffle ie. I owe $300.000 on my house. I want to sell 300 tickets at $1000.00 a piece, pay off my mortgage and someone wins a house free and clear.
1 Answer from Attorneys
Thank you for your LawGuru question. Well, that's a novel approach. A good starting point would be for you to visit www.state.nj.us/lps/ca/lgccc/. Please feel free to contact me to explore your options. 973-921-0600.
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