You can determine the fair market value of a house by seeing what similar homes have sold for recently, within the same area where the «target» house is located. (homebuyinginstitute.com)
Then, they utilize the money to meet other expenses; counting on the appreciation of value of the house to cover these expenditures once they put up the house for sell. (badcreditloanservices.com)
I don't like the additional debt, but the rise in value of the house makes it possible. (iwillteachyoutoberich.com)