Get your MORTGAGE paid for a year Sweepstakes

[Shvitzer]

http://racing.quickenloans.com/skip-a-year/

What would you do if you didn’t have to make any mortgage payments for a whole year?
The possibilities are endless. Quicken Loans wants to make that dream a reality for five people.

Enter today for the chance to win your mortgage payments for a year – up to $30,000 – plus Sprint Cup Series tickets and hundreds of autographed racing prizes!

You can enter to be one of FIVE lucky people that will take a yearlong pit stop from paying their mortgage. Or, you could take home some sweet racing prizes.

Here's how it works:

Quicken Loans wants to make a year's worth of mortgage payments for FIVE lucky winners – up to $30,000 per winner – and give away hundreds of other prizes. Like Sprint Cup Series tickets and autographed memorabilia.

You can enter daily now through November 18, 2012.

The more entries we receive, the more prizes we'll give away. There are five prize levels. Here's what's up for grabs:

Enter today and every day to increase your odds of winning and unlock more prizes for everyone along the way!

http://racing.quickenloans.com/skip-a-year/

[AsherO]

http://racing.quickenloans.com/skip-a-year/

What would you do if you didn’t have to make any mortgage payments for a whole year?
The possibilities are endless. Quicken Loans wants to make that dream a reality for five people.

Enter today for the chance to win your mortgage payments for a year – up to $30,000 – plus Sprint Cup Series tickets and hundreds of autographed racing prizes!

You can enter to be one of FIVE lucky people that will take a yearlong pit stop from paying their mortgage. Or, you could take home some sweet racing prizes.

Here's how it works:

Quicken Loans wants to make a year's worth of mortgage payments for FIVE lucky winners – up to $30,000 per winner – and give away hundreds of other prizes. Like Sprint Cup Series tickets and autographed memorabilia.

You can enter daily now through November 18, 2012.

The more entries we receive, the more prizes we'll give away. There are five prize levels. Here's what's up for grabs:

Enter today and every day to increase your odds of winning and unlock more prizes for everyone along the way!

http://racing.quickenloans.com/skip-a-year/

What are ARVs on the non-cash prizes? Taxes on such prizes often make these sweepstakes much less appealing.

[Shvitzer]

Here is a list of the ARVs for all the prizes

In the event that a grand prize winner does not have a mortgage payment, Sponsor will award $10,000 in the form of a company check. Approximate Retail Value (“ARV”): $30,000.
TEN (10) FIRST PRIZES: Two (2) tickets and a Cold Pass to any 2013 Sprint Cup Series Race. ARV: $450.
TWENTY (20) SECOND PRIZES: Ryan Newman autographed Die Cast car. ARV: $90.
FIVE (5) THIRD PRIZES: Tony Stewart autographed Die Cast car. ARV: $90.
FIFTY (50) FOURTH PRIZES: A hat autographed by Ryan Newman (hat size determined by Sponsor in its sole discretion). ARV: $31.25.
FIFTEEN (15) FIFTH PRIZES: A hat autographed by Tony Stewart (hat size determined by Sponsor in its sole discretion). ARV: $31.25.
TWENTY FIVE (25) SIXTH PRIZES: A Fathead autographed by Tony Stewart (Fathead determined by Sponsor in its sole discretion). ARV: $24.
TWENTY FIVE (25) SEVENTH PRIZES: A Fathead autographed by Ryan Newman (Fathead determined by Sponsor in its sole discretion). ARV: $24.
FIFTY (50) SIXTH PRIZES: A Hero card autographed by Tony Stewart. ARV: $6.
ONE HUNDRED (100) SEVENTH PRIZES: A Hero card autographed by Ryan Newman. ARV: $6.

[Dan]

Love that a $10k check has a $30k ARV

[Shvitzer]

When you win a sweepstakes prize, you are only required by the IRS to report the fair market value (FMV), not the sponsor's approximate retail value (ARV)

The 30K ARV is if the winner has a mortgage they will pay your mortgage for one year up the 30K

[eis517]

Love that a $10k check has a $30k ARV

+1

is that even legal?

[Dan]

+1

is that even legal?

I'm sure they mean up to 30K, still funny though.