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House Raffle Winner Fails To Sell It At Auction

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Jul 17, 2008 10:45 am US/Eastern

House Raffle Winner Fails To Sell It At Auction

BIG POOL, Md. (AP) ― A Hagerstown man who won a four-bedroom house in a charity raffle is having a hard time selling it at a profit.

An auction of the restored farmhouse in Big Pool on Wednesday ended with no sale because the lone bid of $150,000 was less than Dennis Weaver owes in taxes on the prize. The house was appraised last winter at $380,000.

Weaver paid just $100 for a ticket in the raffle held last March to benefit the San Mar Children's Home. He tells The (Hagerstown) Herald-Mail he took out a mortgage to cover taxes that will total at least $170,000.

Weaver says that if he can't get a better price for the property, he'll consider moving from his Hagerstown apartment into the house.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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