Can a home that is underwater be refinanced for the current market value?We bought our home in 2005 for about 162. It's worth about 110 now, but we owe about 150. We would love to move to a bigger house, but I'm not sure we can, being so upside down...February 09 2014 - Aurora00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.