The amazing thing about the HGTV Dream Home sweepstakes is the fact that even though the dream home is fantastic it is really expensive to keep. The extras you get with it are easily some of the best things you can get in life, but after the taxation, you could be losing more than half a million dollars every year just for owning it. Unfortunately, the HGTV Dream Home never helps those that win with these extra costs. If you were to keep the home, you would easily spend the cost of the home within 6 to 8 years in taxes alone.

The taxation is a major issue, so those who are interested in entering the contest should really be careful of the impending costs that it will have on them. It may end up like the recent winners of the Tyler home from 2005, where the winners decided to keep the house and this lead to them having to go into debt. Of course, the debt was due to several misfortunes which had occurred such as the onset of cancer in the father of the household and the brain surgery that was necessary for the mother.

The houses may end up with a foreclosure proceeding from the court. This leads to the mortgage lender taking possession of the home and putting it on the market to sell at any suitable price to regain what they may have lost. With one of the HGTV Dream Homes, this may actually fetch a higher price for the home than it is worth on the market because of the notoriety of the building and it being on television in the past.

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