I noticed this on the site:
"Right Now You Can Own From $4,833 A Month"... E. Gads! <strong>$4,833 / mo.</strong> Then the fine print says:
*Advertised monthly payment assumes a sales price of $652,797 and includes principal, interest, taxes, insurance and estimated private mortgage insurance premium only; any other fees such as HOA not included. Scenario assume borrower qualifies for a FHA 30-year fixed rate mortgage loan of $629,460 with an interest rate of 6.5% / 6.525% APR. Also assumes buyer pays down payment of 5% of the sales price and pays all applicable closing costs. Scenario assumes the buyer has good credit, sets up a tax & insurance escrow account, and provides full documentation. Rates effective 9/24/2008 and subject to change without notice. This offer subject to underwriting guidelines and is available only for owner-occupied homes; non-owner-occupied homes are subject to additional restrictions and qualifying requirements.
This offer is only available through Countrywide KB Home Loans, LLC. However, financing may be obtained through any other lender."
... Well that sure is assuming a lot. Ok and that would be for what... a 2 bedroom? Best case scenario your total monthly costs are over $5k/mo for that 2 bedroom. LOL. Good luck to them!