CEMA on a resale purchase
Started by S50412
over 9 years ago
Posts: 6
Member since: Mar 2012
Discussion about
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Has anyone done a purchase CEMA on a condo resale? From what I've heard, it seems most CEMAs done are for refi's and once in a while for new construction, but rarely are used in resales. Given how much prices have appreciated in the last few years, anyone who is selling a property they bought in the last 5y probably still has a good chunk of principal left on their loan. Shouldn't buyers more aggressively be trying to assign the balance? Does anyone know which lenders are willing to facilitate a purchase CEMA?