Quote Quoting SteveSlaton
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If this party gets busted am I in trouble regardless?
there is a real possibility that yes, you would be in trouble

What if I am not home when the cops show up?
you are still the homeowner and considered to be in control of your home


Does that make a difference?
it could but the fact you know of this party and the probability that alcohol will be there kind of shoots any claim of ignorance you may want to try.



What are my options?
not allow illegal activities at your home.


some of the answers may not be correct or totally correct since you refused to post the pertinent state.