Free house! TD Bank is running a new contest: apply for a new mortgage, get a chance to have them pay it off in full for you.

From March 7 through April 30, 2010, consumers who reside in TD Bank’s footprint from Maine to Florida who apply for a mortgage will be entered into a drawing to help them pay off their home. Existing TD Bank mortgage customers are automatically entered in the drawing. Additionally, TD Bank will award six weekly winners $2,500 to help with their monthly mortgage payment. The grand prize winner will be announced at a media event in May 2010.

A novel way to try to stoke interest in buying a house. Will it work to entice fence-sitters to jump in?

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