Posted by Rob FL on January 23, 1999 at 08:05:45:
Depends on the numbers, but yes it is possible to get cash back at closing.
After rehab value is easier to determine. Just find out what the normal, already-fixed-up houses are selling for in the neighborhood.
Most of the lenders I deal with are individuals. They simply pull coparables and do a drive by or walk thru inspection. Very rarely do they need an actual appraisal.