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: Structured Settlements 4Real

Imperial Structured Settlements' Mortgage Contest Inconsistencies

By John Darer

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I've "Ben-Eyeing" Imperial Structured Settlements latest contest where a winner is randomly selected to have their mortgage paid by Imperial for a period of 1.5 months up to a limit of well, uh, that's the point I'll be getting to. While ruminating about whether or not to partake in "Sultry Deb's" game of chance I noticed a few inconsistencies that should be clarified:

On the one hand

NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN THIS SWEEPSTAKES.  A PURCHASE WILL NOT INCREASE YOUR CHANCE OF WINNING.

HOWEVER

Imperial Structured Settlements, LLC
announces it will pay The Mortgage/Rent for one of its current customers. "Our customers are having a very difficult summer and we are happy to help them" says "Sultry Deb" in a press release.

THEN

WINNER SELECTION/ODDS:  One (1) winner will be randomly selected from among all eligible Entries in a random drawing to be conducted on or about September 30th, 2009 ("Potential Winner"), under the supervision of Sponsor, whose decisions are final and binding in all matters.  The odds of winning depend on the number of eligible Entries received.  Potential winners are subject to verification, including verification of age.  If a Potential Winner is found not to be eligible or not in compliance with these Official Rules, or if prize notification or any prize is returned as undeliverable, the Potential Winner will be disqualified.         
GRAND PRIZE:  There will be one (1) Grand Prize winner ("Winner").  Sponsor will pay the Winner's mortgage or rent for the period beginning August 14th, 2009 and ending September 30, 2009, up to the maximum amount of three thousand six hundred dollars ($2,600.00).  Winner may be required to submit to Sponsor Winner's mortgage or rent statements and other documentation for verification, in Sponsor's sole discretion.  Grand Prize will be awarded in the form of a check made payable to Winner.  No more than the maximum amount set forth herein or the amount state on the applicable statements, which ever amount is lesser, shall be awarded.  Approximate retail value (?ARV?) is three thousand six hundred dollars ($2,600.00).

  1. Does the winner get a mortgage/rent payment of $2,600.00 or $3,600.00? Both are mentioned twice! $1,000 is not an inconsequential sum for those who may be upside down on their mortgages.
  2. If the random drawing will occur on September 30, 2009 for the mortgage/rent period between August 14, 2009 and September 30, 2009 (which presumably means that a check will not get cut until AFTER September 30, 2009 what is the mortgage obligee supposed to tell their landlord/lender in the meantime?

Full post as published by Structured Settlements 4Real on August 22, 2009 (boomark / email).

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