[quote=gzz]Not sure if it still happens, but some sites used to report refinanced mortgages as sales at the new mortgage amount.[/quote]
Ah, thanks, that make a lot of sense. The house is one of the nicest on the block. Just down the street, a complete tear down was sold for 480K, and then subsequently rebuilt before being sold for 889K. I am keeping an eye on this area for friends.
