A Santa Fe couple hope they have come up with a way to unload their 1,200 square-foot house in a depressed market - they are offering it as the prize in an essay contest, but there is a catch.
Each entry in the contest is subject to a $100 entry fee, and at least 2,500 entries must be received for contest to proceed. If fewer than 2,500 entries are received, then all entry fees will be returned.
New Mexico's state Gaming Control Board is looking into whether or not the contest is a raffle or a game of skill. If it is determined to be a raffle, then it will be deemed illegal.