Homebuyers Should Know the Value of Their Homes Before Refinancing - 03/08/08 04:59 PM
Originally Posted by on http://SummitToday.com
As a Realtor in the Summit, NJ area, I recently received a call from a homeowner that was interested in selling his home because he could no longer afford it.  He purchased the property  in 2004 with no money down and refinanced it a year later for $40,000.00 more than what he paid for it.  Last week, I performed a Comparable Market Analyses (CMA) for him and determined that he now owes more than his home is worth.  If he were to sell his home today, he would not only have to come up with enough money to pay … (0 comments)

 
Thomas Della Piazza (Coldwell Banker Realtors)

Thomas Della Piazza

Summit, NJ

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Coldwell Banker Realtors

Address: Coldwell Banker Realtors, 401 Springfield Avenue, Summit, NJ, 07901

Office Phone: (908) 522-1800

Cell Phone: (908) 227-0147

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