Friday, May 22, 2009

Home for $7,000, Mortgage $33.57 per month, Wow!

Lead: Here's a home listed for $7,000 (Seven Thousand Dollars) in Atlanta at 671 EUGENIA PL, ATLANTA 30316. If you put down 20% ($1,400), and got a mortgage on the remaining $5,600 at 6% for 30 years, your payments would be $33.57 per month.

What did you do with the last $40 in your pocket? Part of that could have paid a mortgage on this 3 bedroom, 1 bath. Property taxes are listed at having been $274 for the year '07. If you pay those with the mortgage, that'd add an extra $22 plus per month to mortgage payment. Whoa, you'd be looking at $55-56 per month total in mortgage and taxes.

Steal, steal, steal! Good deals out there.

This cozy 1950's cottage is not in a subdivision and sits on less than 1/2 acre.

The listing agent, as of this posting, is as such:

Agent: Jude Rasmus
Phone: 770-321-1350
Office: RASMUS REAL ESTATE, INC.,
Address: 1296 GRESHAM ROAD, MARIETTA
Office: 770-321-1350

Rasmus is one of the top foreclosure listing companies.

Are you investing? 7K for a home??? Why not, GO FOR IT!


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